Articles

Posted on Oct 18, 2018

As we approach Halloween, let’s take a look at a real nightmare of a topic. While the consequences of rehiring an employee may not be comparable to Michael Myers stalking you, it can raise a new set of concerns you may not have expected. In addition, the rules relating to rehires can be very complicated to navigate. We’re here to help you understand these complex rules. Whatever you do, don’t let rehire issues sneak up on you in the dark

Posted on Oct 11, 2018

For the 401(k) fiduciary, the importance of timely salary deferral deposits cannot be overstated. An employer that fails to remit employee contributions each pay period (or within the required time frames) runs the risk of penalties and fines.

Posted on Aug 20, 2018

Education for plan participants on account security is also important. Plan participants should check their retirement accounts often to ensure accuracy of their balance, address, and other identifying information.

Posted on Jul 9, 2018

The Davis-Bacon Act is a federal prevailing wage law governed by the Department of Labor that applies to contractors and subcontractors who perform work on government projects in excess of $2,000 for construction, repair, or alteration. Laborers and mechanics employed on the project job site must be paid the prevailing wage rate, including fringe benefits. The Davis-Bacon and Related Acts (DBRA) are intended to level the playing field between bids submitted by open shops and union shops.

Posted on Jun 7, 2018

Health Savings Accounts (HSAs) offer significant tax advantages and can be an effective way to cover health care costs in retirement. By law, HSAs are available to individuals who enroll in a qualified high deductible health plan (HDHP), are not enrolled in Medicare or covered by another health plan, and who are not claimed as a dependent on someone else’s federal tax return.

Posted on May 17, 2018

Advisors look to The Pension Service and often depend on them to be knowledgeable about retirement planning tools and resources. Given our 50+ years in business, we are very familiar with the tools and resources offered by many of the 401(k) record-keepers in the industry.

Posted on Apr 23, 2018

Unlike a 401(k), the final vested benefits received by the participant upon retirement or termination are guaranteed and are not dependent on market fluctuations.

Posted on Mar 19, 2018

Millennials, loosely defined as the cohort of people born in the mid 1980’s to late 1990’s, are familiar with debt because of their student loans and easy access to credit cards.

Posted on Feb 2, 2018

CEFEX Certification is one of the cornerstone attributes of an 'alpha' TPA, according to Jason Brown.

Posted on Jan 9, 2018

Sexual harassment prevention training. Even in states that do not mandate training, consider educational programs for supervisors and employees on prevention of sexual harassment and a hostile work environment.