Log in
DWC

DWC

Recent Posts

Defined Benefit vs. Defined Contribution: A Cash Balance Plan Primer

DWC 07/9/20
  Welcome to Cash Balance Corner! We've created this bi-monthly column to teach you everything you need to know about defined benefit and cash balance plans in order to help you make the best possible decisions about your company retirement plan. Because a cash balance plan is a type of defined benefit (DB) plan, we'll start with a primer on the ...
Read More

DWC News Update | eDisclosures: Initial Notice and Notice of Internet Availability

DWC 06/29/20
Welcome to the exciting conclusion of our foray into the brave new world of eDisclosures. Today, in our final look at the DOL’s new eDisclosure ruling, we will breakdown the Initial Notice and the Notice of Internet Availability (NOIA – because we need a new acronym).
Read More

Pension Pontifications | Q2 2020

DWC 06/25/20
  Get ready for the “PEP as panacea” pitch to the small plan marketplace (think low cost, highest quality services, coolest technology, least risk, etc.).  We’ve already seen one promoter using the coronavirus situation as a PEP sales tool. - As originally published in our Q2 2020 newsletter. Didn't get it? Sign up here.
Read More

401(k) vs 403(b): Which Is the Best Choice for My Non-Profit?

DWC 06/23/20
Facts As the director of a not-for-profit organization, I’m looking at retirement plan options for our employees. The fiscal year ends June 30th and I’d love to implement something to benefit our employees beginning with the new year.
Read More

Do We Have to Provide New Paperwork When a Participant Requests a Second Distribution?

DWC 06/16/20
Facts When a participant requests a distribution from our plan, I provide them with a with a package that includes an election form and a bunch of other information.  A participant who terminated and took a distribution last year received an additional company contribution and, as a result, has additional money in her account and is asking for a ...
Read More

DWC News Update | eDisclosures: Covered Documents

DWC 06/15/20
The Department of Labor’s new rules that expand the electronic distribution of plan-related notices is a long-overdue and welcome change.  We have provided a summary of the new eDisclosure rules and taken a closer look at the details on electronic addresses and internet websites. In this episode of eDisclosure, we explore which documents are now ...
Read More

Do We Have to Consider Pay Before a Participant is Eligible When Calculating Matching Contributions?

DWC 06/9/20
Facts Each year, after our last payroll in December, I submit my census information to the TPA for our 401(k) plan.  Even though I’ve looked at each participant’s total deferrals for the year to determine the matching contributions, the TPA almost always has true-up contributions for me to make.  Taking a closer look, it seems like these true-ups ...
Read More

DWC News Update | eDisclosures: A Deep Dive into Electronic Addresses and Internet Websites

DWC 06/8/20
Although the Department of Labor’s new ruling on electronic disclosures doesn’t officially go live until the end of next month, it is already breathing new life into some fairly antiquated-sounding terms. In this episode of eDisclosures, we will dive into exactly what constitutes an acceptable e-address and internet website.
Read More

Who Signs Our Form 5500?

DWC 06/2/20
Facts The person in our office who handles many of our administrative functions, including those related to our 401(k) plan, will be retiring soon, so we’re reviewing many of our internal processes in anticipation of training someone new to take on those functions.  We know that our Form 5500 must be filed by the end of July, so that particular ...
Read More

DWC News Update | New eDisclosure Rules: Maybe This Whole Internet Thing is Going to Stick

DWC 05/29/20
Just before Memorial Day weekend, the Department of Labor published rules allowing plan sponsors to set electronic media as the default method to provide plan information to participants.  At more than 150 pages, there are a lot of details in the new rule.  We will provide a summary here and follow up with additional posts that explore some of the ...
Read More

Categories

See all

The views expressed in this blog are those of the authors and do not necessarily represent the views of any other person or organization. All content is provided for informational purposes only and is not intended to be tax or legal advice.