Global financial markets experienced widespread losses during the first quarter of 2022, as well as increased volatility. The rise in market volatility can be attributed to the uncertainties surrounding the Russian invasion of Ukraine, the outlook for energy prices, persistent inflation, and anticipation of changes to monetary policy with the Federal Reserve signaling increases to interest...

One of the questions asked by your TPA during the annual census collection may be whether your participant contributions and loan payments were transmitted within the Department of Labor (DOL) safe harbor time frame. It’s an important question because both the DOL and the Internal Revenue Service (IRS) are interested in seeing employee contributions deposited timely. When contributions are not...

If you sponsor a defined contribution retirement plan, the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 now requires additional information be provided to your plan participants on their quarterly account statements. Along with their current account balance, two lifetime income illustrations must now be included once a year. This is intended to help your plan...

May 2022 15th: Quarterly Benefit Statement - Deadline for participant-directed plans to supply participants with the quarterly benefit/disclosure statement including a statement of plan fees and expenses charged to individual plan accounts during the first quarter of this year. Note that May 15th falls on a weekend in 2022. No guidance clearly allows extending the deadline to the next business...