Often, when breaking news happens overseas, in countries far removed from our own, it can be difficult to recognize how this news impacts our lives. For retirement plan administrators as well as participants in those plans, however, global news can have real consequences. Some of these consequences may be noticed early while others may not be felt for months or even years. Nevertheless, a crisis in Europe, Australia, Asia or the Middle East is likely …
The IRS recommends that all businesses perform a retirement benefits checkup annually. If you haven’t done this recently, the beginning of a new year provides the perfect opportunity. Reasons to perform such a review include the need to update a plan to comply with new legislation as well as the need to add eligible employees to the plan. Additionally, common mistakes made in plan management can be fixed during a regularly scheduled review, and the …
