401(k) Employer Plan Costs

Unexpected 401(k) Plan Costs – Get What You Pay for

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. […]

DOL Audit

DOL Audit of Defined Benefit Plans

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 […]

benefits administration success

The 3 Pillars of Benefits Administration Success

“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 […]