In 401(k) administration, a plan review is often most valuable when the employer’s business changes, even if the plan document itself has not. A plan that worked well last year can drift out of alignment when ownership, payroll, compensation, or workforce patterns shift. Periodic reviews help TPAs catch issues before they become failed testing, correction… [keep reading…]
Tag: Match
Contribution Timeliness: Why Advisors Should Care
In retirement plan administration, contribution timeliness is foundational work that protects participant savings and shields sponsors from liability. Contribution timeliness is important for both employee deferrals and employer contributions, including matching and nonelective contributions. The Rules at a Glance Employee Elective Deferrals and Loan Repayments. Elective deferrals and loan repayments become plan assets on the… [keep reading…]