Topic Archive: DWC

Pension Pontifications | Q3 2019

DWC | 09/12/19

All of us here at DWC thrive on the really geeky stuff, and some of the best discussions start with our 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.

What are some potential unknown risks plan sponsors may face with respect to their plans? This quarter our experts have broken down some of the most common risks facing retirement plans, and what you can do to protect yours.

- As originally published in our Q3 2019 newsletter. Didn't get it? Sign up here.

Read More

Meet the MEPs: Grab Bag

DWC | 09/11/19

The Department of Labor’s new regulations that expand the availability of multiple employer plans cover quite a bit of ground.  In previous posts, we’ve explored Association MEPs, PEO MEPs, Corporate MEPs, and working owners.

Though not technically part of the regulations themselves, the Department of Labor also addresses a grab bag of questions that came in through the comment process in the preamble.  In this post, we will run through some of those items.

Read More

What is a Successor Plan and Does It Prevent Me from Starting a New 401(k) Plan?

DWC | 09/10/19

Facts

My company used to sponsor a 401(k) plan for my employees.  Due to an unforeseen financial hardship, we terminated the plan two years ago.  Now that we are back on solid footing, I would like to start up another 401(k) plan.  I checked with the TPA we were working with, and they said something about a possible successor plan issue.  I’m not really sure what that means.

Read More

Meet the MEPs: Corporate MEPs

DWC | 08/28/19

Thanks to the Department of Labor’s recently published regulations, we went from just having multiple employer plans top having several different types of MEPs.  We’ve already covered association MEPs and PEO MEPs, so now it is time to take a quick look at what the DOL calls “corporate MEPs.”

Read More

How Do We Identify Highly Compensated Employees for the First Year Our Company Exists?

DWC | 08/27/19

Facts

We established our company on February 1st of this year, and now we are planning to launch our 401(k) plan.  We know there are number of tests and determinations that require us to look at company history, but as a new company, we don’t really have much of a history to look at.

Read More

Your Safe Harbor Actually Isn't? We've Got a Fix for That!

DWC | 08/22/19

We’ve been through a few Corrections of the Quarter together now, and we appreciate you being along for the ride.  We feel this is pretty good stuff but, at the heart of it all, we’re pension geeks (no point in hiding it).  And while the rules and regulations get us going, we have a geeky passion for the opportunity to find creative solutions.

Read More

Meet the MEPs: PEOs

DWC | 08/21/19

The next item up for bids in our series on the Department of Labor’s new regulations on multiple employer plans is on professional employer organizations, more commonly referred to by their acronym: PEOs.  These organizations have an interesting history when it comes to retirement plans.

Read More

Who Are All the Providers Servicing My Plan & What Do They Do?

DWC | 08/20/19

Facts

I sponsor a small 401(k) plan for my employees.  Sometimes, I get confused about which service provider to go to for different plan-related questions.  Time and efficiency are important to me (and so is cost), and it seems like having all these different providers might be overkill.  Recently, I was talking to a friend who is also a business owner, and she said she’s got one group doing all her plan work from A to Z.

Read More

Uncashed Distribution Checks? The IRS Provides New Guidance...Sort Of

DWC | 08/15/19

Just about anyone who has dealt with a 401(k) plan – either as a plan sponsor or a service provider – for any amount of time has had to deal with the issue of participants not timely cashing plan distribution checks.  There are all sorts of potential concerns that range from tax implications to fiduciary responsibilities, but neither the IRS nor the DOL have been especially forthcoming with guidance.

Read More

Meet the MEPs: Working Owners

DWC | 08/14/19

Unless you’ve been on vacation somewhere off the grid, you’ve likely heard the news and read the headlines that the Department of Labor recently published new regulations that expand the availability of multiple employer plans.  While that is true, what those new rules actually do is to change ERISA’s definition of the term “Employer” so that more types of organizations fit within it, thus allowing them to sponsor MEPs.

Read More
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.