401(k) Q&A | Plan & Industry Content From DWC

DWC The 401(k) Experts Partner Joe Nichols Announced as ARA President

DWC 01/22/21

National 401(k) Consultancy is Proud to Announce Joe Nichols as President of the ARA ST PAUL, Minn. – January 21, 2021 - The American Retirement Association (ARA) has named Joe Nichols, ASA, EA, MSPA new President of the organization for calendar year 2021. Joe has previously served as both Treasurer of the ARA, and as President of the American ...

Which Financial Details Do I Have to Include on my Year-End Census?

DWC 01/19/21

Facts Last week, you explained some the demographic data points that get reported on the annual census. Now, I’ve got some questions on the financial information I’ve been asked to provide to my TPA. Some of it seems obvious until I start to dig into it.

Which Employees Do I Have to Report on my Year-End Census Report?

DWC 01/12/21

Facts As for so many companies, the end of one year and the start of the next are especially busy times. And, without fail, we’ve already received the request for our annual census data from our retirement plan consultant. I know this information is important and these deadlines approach quickly, so I get nervous every year about making sure I ...

DWC's "How Do You Holiday?" Survey

DWC 12/15/20

Facts We're getting in the holiday spirit here at DWC, but we've noticed that there are a lot of differing opinions on how to holiday around here. We've settled some important debates with past surveys - like determining that Christmas Vacation is the best holiday movie - but now we want to take a closer look.

CARES Act Relief for Retirement Plan Loan Payments is Ending, Now What?

DWC 12/8/20

Facts Earlier this year, we implemented the coronavirus relief provisions that allowed our participants to suspend loan payments for the remainder of 2020. As a result of reduced hours and other financial hardships, we had a number of plan participants take advantage of this relief.

Adding an Employee to Your Cash Balance Plan? You Should be Thinking This Article is "Just What I Needed"

DWC 12/3/20

DWC Cash Balance Corner: Adding an Employee to Your Cash Balance Plan

Sponsoring a retirement plan can provide significant benefits to a company (and its participants). But with great benefits comes great responsibility…responsibility to follow all of the various regulatory requirements. Since these plans provide hundreds of billions of dollars in tax deductions each year, Congress and the various agencies want to ...

DWC - The 401(k) Experts Announces Joe Nichols as Firm Partner

DWC 12/2/20

DWC In the News: DWC Announces Joe Nichols as Firm Partner

National 401(k) Consultancy Expands Partnership with Joe Nichols promoted to Partner KANSAS CITY, MO – December 1, 2020 - DWC - The 401(k) Experts, an industry leader in providing 401(k) plan compliance, defined benefit services, consulting services, and third-party plan administration, is pleased to announce the newest member of the partnership ...

Overtime Is Up and Bonuses Are Down: Will This Year's Irregular Compensation Impact our Retirement Plan?

DWC 12/1/20

DWC 401(k) Q&A: Will Irregular Compensation in 2020 Impact Your Retirement Plan?

Facts We sponsor a 401(k) plan for our employees and provide a company matching contribution to those who defer. Our plan specifies that in calculating that match, we only consider employee base pay and exclude “irregular” forms of pay (specifically bonuses and overtime). This allows us to be more precise when we are building the expected cost of ...

DWC's Thanksgiving Dinner Prep Playlist

DWC 11/24/20

Facts All year long we've been leaving little rock 'n' roll Easter eggs in our Cash Balance Corner feed. ICYMI: Each post title incorporates one of our favorite songs. And for our 20th century rock music fans, our retirement plan-savvy business owner, Robert Smith's name should ring some bells. (Hint: His music has the cure for what ails you.)

How Do Furloughed Employees Impact Our Plan at Year-End?

DWC 11/17/20

DWC 401(k) Q&A Question of the Week: Impact of Furloughed Employees on Retirement Plan at Year-End

Facts Like many businesses, we had to furlough some employees earlier this year in response to the coronavirus shutdowns. We’ve been fortunate enough to bring back a few of these employees, but a number still remain in limbo. As we approach year-end, we’ve started wondering how this might affect our 401(k) plan and potential company contributions.

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