Benefits Think Is your benefits committee up to par? Here’s how to be sure
The group's charter serves as a roadmap for plan oversight and provides evidence of the fiduciary's intent to manage the plan prudently.
By
Mindy Zatto
Robin Powell
Benefits consultant
Ask an Adviser: Can terminating a defined benefit plan be more seamless?
Address administrative gaps and data errors, keep pension rosters current and establish a process for cashing out small balances to default IRAs.
By
Robin Powell
Benefits Think 4 ways plan participants and vendors can help improve cybersecurity
IT security is no longer the job of any single department or individual. Here's how to thwart today’s increasingly savvy cybercriminals.
By
Robin Powell
Ask an Adviser: How do we handle late deposits on 401(k) deferrals?
In the absence of a timely transfer of retirement funds to the recordkeeper, plan sponsors can pursue self-correction or filing through the DOL’s Voluntary Fiduciary Correction Program.
By
Robin Powell
Benefits Think How to help 401(k) plan sponsors avoid excessive fee lawsuits
RFPs, quality considerations and meticulous paper trails will help plan sponsors stay out of court given the inherent limitations of benchmarking exercises.
By
Robin Powell
Benefits Think What should you do when a vendor relationship sours?
Clients should consider taking these steps before jettisoning an unsatisfactory benefits administration vendor.
By
Robin Powell
Ask an Adviser: How can employees pay off student loans and still save for retirement?
New legislation may help employers and their teams kill two birds with one stone.
By
Robin Powell
Benefits Think Why you should encourage ‘mini’ retirement plan audits
Don’t be scared by the word — these voluntary mini audits can keep plans running smoothly.
By
Robin Powell
Benefits Think 6 things your pension administrator may not be doing
Are you getting the most from your outsourcer? Here are six things to check the next time you look under the hood of your relationship.
By
Robin Powell