Maximize Employee Savings with the Staff One PEO 401(k) Plan
It is rare that so many business and personal issues for a PEO and its clients and employees align as perfectly as they do now; let me explain. The severity of the current recession has dramatically...
View ArticleRetirement and Savings Initiatives Announced by White House and IRS
From MHA On September 5, 2009, President Obama and Treasury Secretary Timothy Geithner announced a set of new initiatives designed to encourage retirement savings. The new guidance expands...
View ArticleNotices to Calendar Year 401(K) Plan Participants due by December 1
by MHA Three annual notices must be given to all plan participants no later than 30 days prior to the beginning of each plan year. For calendar year plans, this deadline is Dec. 1. The notices listed...
View ArticleDOL Creates New Safe Harbor Rule
http://www.dol.gov/opa/media/press/ebsa/EBSA20100056.htm The federal Department of Labor’s Employee Benefits Security Administration establishes a final rule, effective Jan. 14, 2010, giving employers...
View ArticleIRS Identifies Common Errors in Small and Top-Heavy 401(K) Plans
by MHA The Internal Revenue Service (IRS) recently completed two examinations under its Learn, Educate, Self-Correct, and Enforce (LESE) initiative to test and measure the compliance levels of defined...
View Article401(k) Record Retention: What to Keep and for How Long
by MHA When it comes to plan-related document storage, remember that your primary goal should be to preserve materials in a format allowing for quick and easy retrieval. It’s appropriate to store plan...
View ArticleAutomatic 401(k) Plans: Employer Views on Enrolling New and Existing Employees
From aarp.org In the past few years, a growing number of employers have added automatic features, especially automatic enrollment, to their 401(k) plans. This national telephone survey of large...
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