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

Why Does Your TPA Need Personal & Ownership Details from Company Owners?

DWC 10/2/18

QOTW - 10.2.2018 - Why Does your TPA Need Personal and Ownership Details - Plan Compliance

Facts Our company sponsors a 401(k) plan for our employees. The owners of the company have always been somewhat secretive in terms of sharing detailed information about themselves and their families. The current environment of selling information for marketing use and identity theft has only intensified that.

Delinquent Deposits of Employee Deferrals? There's a Fix for That!

DWC 09/27/18

While it might not seem like that big of a deal if 401(k) deposits are made a couple days or weeks late, the Department of Labor (DOL) considers those payroll withholdings to be plan money on the deposit deadlines regardless of where the money is physically located. To the extent those monies are still in the plan sponsor’s control, the delayed ...

Can a Charitable Organization be Named as a Plan Beneficiary?

DWC 09/25/18

Facts Our company sponsors both a 401(k) plan and a cash balance plan. One of our employees is a strong supporter of a local charity. She does not have a spouse or children, so she would like to name the charity she supports as her beneficiary for both of our retirement plans.

What Is a True-Up Matching Contribution?

DWC 09/18/18

Facts Our 401(k) plan provides for a matching contribution of 50% of the first 6% deferred by each participant (for a maximum match of 3% of pay per year). We deposit the matching contributions to the plan each pay period at the same time we deposit employee deferrals. After year-end for the last couple of years, our TPA has informed us that we ...

Q3 Pension Pontifications

DWC 09/13/18

Q3 Retirement Plan Podium Update Blog Header Image-1

All of us here at DWC thrive on the really geeky stuff, and some of the best discussions start with Adam and Keith’s pontifications about how different topics impact our clients and our industry. We decided to bring the best of those conversations to you, still with a touch of geekiness but also distilled into easily digested, bite-sized pieces. ...

Decoding the Alphabet Soup: What's With All the Acronyms? | Part 3

DWC 09/11/18

Facts People in the retirement plan business sure do like their acronyms. All these letters get thrown around, and I do not know what half of them mean.

No Beneficiary Form: Now What?

DWC 08/28/18

Facts A participant in our 401(k) plan recently passed away. His daughter is the executor of his estate and has asked about the process for getting his plan account paid out. We’ve gone through all our files and cannot locate a beneficiary designation form for the deceased participant.

DWC's Tianna Schulz Relocates to New Orleans, Expands Company Presence

DWC 08/23/18

In the News_Tianna Schulz Relocation Press Release Blog Header Image

NEW ORLEANS - Aug. 20, 2018 - DWC - The 401(k) Experts, an industry leader in providing 401(k) plan compliance, defined benefit services, consulting services and third-party plan administration, today announces the relocation of Retirement Plan Consultant Tianna Schulz to New Orleans.

Breaking News: The IRS PLR on Student Loan Benefits in 401(k) Plans is Much Ado About Not Much

DWC 08/21/18

Student Loan Benefits_Industry Update Blog Post Header Image

We interrupt your regularly scheduled programming to highlight the IRS’ not-so-ground-breaking entrance into the world of student loan benefits in 401(k) plans.

How Are Corrective Refunds Determined for a Failed ADP Test?

DWC 08/21/18

Facts Our 401(k) plan failed the ADP test for the first time this year. We decided to correct the failure by making refunds to the highly compensated employees instead of making additional contributions for the other participants. However, when we got the actual refund amounts from our TPA, we were surprised to see that those HCEs with the highest ...

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