Archive for retirement report

Heritage Institutional- November Retirement Report 2016

Each month, our Heritage Institutional team publishes the Retirement Report, which provides timely news and updates for plan sponsors and fiduciaries of defined contribution plans.  This month’s topics include:

  • The Scorecard- A Former Portfolio Manager’s Perspective
  • Waiver of 60-Day Rollover Requirement
  • What to Expect When Transitioning Providers
  • The Importance of Qualitative Review

To read the full report, click here.

June Retirement Report

Solutions for a Stressed-out Nation — Mature couple discussing financial matter with advisorHow stressed are we? In May of 2014 New York Life Retirement Plan Services sponsored a research study which shed light on individual stress levels, its causes, and how best to combat it.

Fiduciary Seminar Alert — Plan fiduciaries have a primary responsibilities to understand and prudently discharge their duties in accordance with ERISA and their plan document. This section provides content and extra fiduciary training for plan fiduciaries.

How to Encourage Positive Retirement Outcomes in Tax Exempt Plans — Tax exempt organizations seem to have a different attitude towards the implementation of these strategies. Find out what they are in this section.

When “Float” is a Bad Thing — Float refers to the earnings or “compensation” accruing to a service provider while a plan’s contribution remittance (or other assets held in suspense) is awaiting deposit or distribution. Find out how to keep compliant.

To read these and other featured stories, visit Heritage Institutional or click to view the latest Retirement Report.

Heritage Institutional – April Retirement Report

Each month, our Heritage Institutional team publishes the Retirement Report, which provides timely news and updates for plan sponsors and fiduciaries of defined contribution plans.  This month’s topics include:

  • 2016 Tax Saver’s Credit Participants may be eligible for a valuable incentive, which could reduce their federal income tax liability, for contributing to your company’s 401(k) or 403(b) plan. If they qualify, they may receive a Tax Saver’s Credit of up to $2,000 ($4,000 for married couples filing jointly) if they made eligible contributions to an employer sponsored retirement savings plan. The deduction is claimed in the form of a non-refundable tax credit, ranging from 10 percent to 50 percent of their annual contribution.
  • IRS Retirement Plan Reporting and Disclosure Requirements Administrators or sponsors of retirement plans are generally required by law to report certain information with the IRS, the Department of Labor, and the Pension Benefit Guarantee Corporation, and disclosure to affected parties depending on the plans’ type, size, and circumstances.
  • Pass or Fail? Each year you receive a “pass” or “fail” from your service provider regarding required non-discrimination testing (the Actual Deferral Percentage test and the Actual Contribution Percentage test). The ADP/ACP tests govern the amounts of deferrals and/or matching contributions that highly compensated employees (HCEs) are allowed to make or receive in relation to those of non-highly compensated employees (NHCEs).

Click here for the latest Heritage Institutional Retirement Report