The Retirement Plan Blog

Kids will outgrow their clothes. Sometimes that happens with retirement plans. If you have a SIMPLE IRA, it may have fit in the beginning. But if you want to change to a 401(k) plan in 2024, you ...

https://www.retirementplanblog.com/401k-plans/when-your-simple-ira-no-longer-fits-maybe-its-time-for-a-401k-planand-november-2-is-almost-here/

Miss the deadline … Continue Reading

https://www.retirementplanblog.com/401k-plans/missed-the-401k-restatement-deadline-heres-your-plan-b-for-compliance/

From the beginning of 401(k) plans, the retirement industry has focused on the performance of individual funds as the key driver of retirement readiness. But a study by the Putnam Institute in 20...

https://www.retirementplanblog.com/401k-plans/rethinking-401k-plan-success-the-power-of-deferral-rates/

Because there are now five generations in the workforce for the first time: The challenge to create and provide a 401(k) plan is arguably more difficult now than it ever was. 401(k) plans are par...

https://www.retirementplanblog.com/secure-2-0/why-a-one-size-fits-all-approach-to-401k-plans-doesnt-work/

“Compensation” is a timely topic now for employers with retirement plans. It’s that time of the year when decisions are made about retirement plan contributions. The starting point for thos...

https://www.retirementplanblog.com/401k-plans/compensation-for-sole-proprietors-partners-and-llp-members-its-complicated/

I never thought my high school Latin could come in handy, let alone in our ERISA world. Heck, there wasn’t even ERISA back then. But here goes. The July 31, 2022 deadline for defined contributi...

https://www.retirementplanblog.com/401k-plans/july-31-2022-restatement-deadline-for-401k-plans-approaches-carpe-diem/

  ERISA record retention may not be of those sizzling retirement plan topics for some folks. But please don’t stop reading. It’s an important issue in today’s ERISA’s environment in whic...

https://www.retirementplanblog.com/401k-plans/erisa-record-retention-how-long-is-long-enough/

“Definitely Determinable” is one of those pre-ERISA concepts that are still applicable. It means that in order for a retirement plan to be considered “qualified” (eligible for favorable t...

https://www.retirementplanblog.com/401k-plans/irs-now-requires-an-employer-discretionary-match-to-be-definitely-determinable/

If you’re an employer who has adopted an IRS pre-approved defined contribution plan such as 401(k) or profit-sharing, you’ll need to have the Compliant box checked no later than July 31, 2022...

https://www.retirementplanblog.com/cycle-3-restatement/the-irs-required-restatement-of-401k-and-profit-sharing-plans-a-plain-language-explanation-in-q-a-format/

Last month, the  Department of Labor (DOL), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) released advance copies of the 2020 Form 5500 Series. When fil...

https://www.retirementplanblog.com/401k-plans/form-5500-the-body-language-of-erisa-compliance/