Employer 401(k) fees Maintaining a 401(k) plan can be an expensive proposition: fees for recordkeeping, administration, and related services can run into the millions of dollars per year. Consequently, in-house staff have two overarching goals: To obtain the contracted-for services at the agreed upon price, and To mitigate the risk of unexpected costs and errors. […]
https://curciowebb.com/wp-content/uploads/2019/11/401k-costs.jpg321845Curcio Webbhttps://curciowebb.com/wp-content/uploads/2017/01/Curcio-Webb-Logo-300x56.pngCurcio Webb2019-11-12 09:05:292019-11-12 09:26:57Unexpected 401(k) Plan Costs - Get What You Pay for
When your number is up and the DOL comes knocking, will you be in the minority of DB plan sponsors with satisfactory responses to their inquiries, or might you be subject to a long and arduous audit process? While the initial focus of these audits is often Required Minimum Distributions (RMDs), these audits can delve […]
https://curciowebb.com/wp-content/uploads/2019/10/dol-audit.jpg322845Curcio Webbhttps://curciowebb.com/wp-content/uploads/2017/01/Curcio-Webb-Logo-300x56.pngCurcio Webb2019-10-23 09:36:542019-10-29 10:17:09DOL Audit of Defined Benefit Plans
“We’re different!” For over two decades, nearly every client has told us how unique they are. You probably feel the same way about your company. The differences are obvious as it relates to industry, demographics, and culture. However… Experience tells us that despite a company’s uniqueness, benefits administration success is built on three universal, time-tested […]
Unexpected 401(k) Plan Costs – Get What You Pay for
/0 Comments/in Benefit Plan Administration, Defined Contribution Plans, Retirement /by Curcio WebbEmployer 401(k) fees Maintaining a 401(k) plan can be an expensive proposition: fees for recordkeeping, administration, and related services can run into the millions of dollars per year. Consequently, in-house staff have two overarching goals: To obtain the contracted-for services at the agreed upon price, and To mitigate the risk of unexpected costs and errors. […]
DOL Audit of Defined Benefit Plans
/in Defined Benefit Plans /by Curcio WebbWhen your number is up and the DOL comes knocking, will you be in the minority of DB plan sponsors with satisfactory responses to their inquiries, or might you be subject to a long and arduous audit process? While the initial focus of these audits is often Required Minimum Distributions (RMDs), these audits can delve […]
The 3 Pillars of Benefits Administration Success
/in Benefit Plan Administration /by Curcio Webb“We’re different!” For over two decades, nearly every client has told us how unique they are. You probably feel the same way about your company. The differences are obvious as it relates to industry, demographics, and culture. However… Experience tells us that despite a company’s uniqueness, benefits administration success is built on three universal, time-tested […]