News & Blog

Ascensus Adds to Defined Contribution and Cash Balance Capabilities with Agreement to Acquire Avintus

Ascensus, a technology-enabled service provider that helps more than 7 million Americans save for the future, has entered into an agreement to acquire Avintus. The third-party administration (TPA) firm will immediately become part of Ascensus’ TPA Solutions division.

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What Now for Brokerage Accounts in 401(k)s?

Now that the Department of Labor has released their fiduciary regulations, everyone across the 401(k) landscape is working to digest the impact. The new rules are being phased in beginning in April of 2017 with full compliance required by January 1, 2018.  At that point, anyone providing retirement investment advice to 401(k) plans or IRAs has to abide by a fiduciary standard.

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Safe Harbor is Great, but…

If your client has ever complained about getting a check back at the end of the year you know how frustrating it is to not be able to defer the full $18,000 a year or $24,000 if over 50 years old. SH plans ensure all participants are able to defer up to the max allowable each year (no non-discrimination testing).

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New Forgiveness for Auto-Enroll Errors, But With a Catch

Last month we talked about some of the knowledge gaps with an auto-enrollment plan.  The good news is the IRS eased the penalties for automatic enrollment errors in April, but there is a catch in order to qualify.

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The Automatic Enrollment Knowledge Gap

Study after study proves automatic enrollment plans drastically increase the number of eligible employees participating in the retirement plan. But, while many plan sponsors are familiar with the benefits of auto enrollment, the majority will have limited experience implementing this feature into a plan.

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