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IRS Dollar Limits – 2023

The Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. (Read/View Current IRS Limits)

2022-11-17T13:58:57-06:00November 17th, 2022|

DOL Fiduciary Rule

In April, the Department of Labor released the finalized version of its fiduciary rule, more than five years after it was first proposed.  Before final release, the DOL received more than 3,500 comment letters and held four days of public hearings.  The final 1023 page governing document provides details on one of the most historic [...]

2016-05-20T15:50:53-05:00May 15th, 2016|

What is a Plan Fiduciary?

A fiduciary role is essentially one of transparency and accountability. It represents a position of trust and the responsibility to act in ways that benefit others with care and loyalty. A fiduciary acts solely in the interest of plan participants and their beneficiaries, ensures that only reasonable and necessary expenses are attributed to the plan, [...]

2018-05-21T08:56:51-05:00March 5th, 2016|

Pension Inc. releases new-look website for plan participants and sponsors

This release includes: Modern, user friendly dashboard illustrating participant retirement goals, account balances and links to performance. Informative transaction landing pages and guided wizards to assist participants with managing their accounts. Real time account reporting, messaging and transactional alerts. Online retirement readiness tools and calculators continue to help participants prepare for retirement. In addition, this [...]

2018-05-21T08:56:51-05:00February 22nd, 2016|

Fee Disclosure Update

Most retirement plans are now subject to Department of Labor 404(a)(5) participant fee disclosure. The new disclosure rules provide enhanced communication regarding plan fees, expenses and investments. The DOL designed this new communication to help participants make better, more informed decisions to help achieve retirement goals. Although retirement plans do have costs, they also have [...]

2016-05-20T16:06:09-05:00April 15th, 2015|