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Viewing articles about Plan Operation

FEB

2017

Dealing with Uncashed Distribution Checks and Missing Participants

This article will focus on defined contribution plans, although defined benefit plans have issues as well, especially since benefits may not be payable until...

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Jun

2016

Fun with Forfeitures

Sooner or later, almost all 401(k) plans will face the "fun" of dealing with forfeitures. Just like every other plan-related operational item, there are specific rules that provide guidance on the "who, what, why, when and where" of using forfeitures.

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FEB

2015

Timing is Everything

For years now, we have been hearing from the Department of Labor (DOL) about the importance of depositing employee 401(k) deferrals and loan payments as quickly as possible.

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AUG

2014

The Ultimate Plan Sponsor Checklist

While they don't have a book called Retirement Plan Sponsorship for Dummies, they should. So in the interim, here is a checklist that plan...

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JUN

2014

Ready or Not, Here it Comes...the PPA Plan Restatement

It's time again to participate in that never ending ritual of qualified retirement plan restatements. As legislation affecting retirement plans is enacted...

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FEB

2014

Boomerang Employees: Rehires and Retirement Plans

A boomerang employee (as we will use that name in this article) is, quite simply, one who leaves and then comes back to work…a rehire. As is so often the case, the retirement plan rules related to rehires are quite different than those that...

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DEC

2012

The IRS Meets Letterman

Anyone who has ever watched late night television is familiar with the ubiquitous Top 10 List, counting down humorous examples of whatever is in the news. Not to be upstaged, the IRS has its own Top 10 List—the top 10 plan compliance...

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OCT

2012

How to Survive a Visit from the IRS or DOL

There are few things that will give a person that sinking feeling in the pit of their stomach like opening the mailbox and seeing an envelope with the words "Internal Revenue Service" (or Department of Labor) in the return address.

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JUN

2012

Fiduciary Fact or Fiction

The rules that govern the behavior of retirement plan fiduciaries are quite complex. Any time we are required to deal with complicated subject matter, things can get confusing, potentially leading to decisions based on a misunderstanding.

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APR

2012

The Final Fee Disclosure Regulations Have Arrived

Nearly five years in the making, the Department of Labor (DOL) has published its long-awaited plan sponsor fee disclosure regulations under ERISA section 408(b)(2). With these new regulations taking effect on July 1, 2012, plan sponsors...

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DEC

2011

Increasing 401(k) Plan Participation

Cash or deferred retirement plans, more commonly referred to as 401(k) plans, have become the backbone of the private pension system in America. They long ago replaced employer-sponsored pension plans as the most common vehicle...

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AUG

2011

Dealing with Terminated Participants

Sooner or later, every retirement plan will have to deal with participants who have terminated employment but still have balances in the plan. In most circumstances, the plan document provides guidance on how to proceed; however, there are...

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DEC

2010

Plan Year-End "To Do" List

The end of the year is fast approaching which signals important assignments for plan administrators. First are the items that must be completed by year-end, such as establishing a new plan or making required minimum distributions.

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OCT

2009

Voluntary Corrections for Qualified Plans

Given the complex nature of administering qualified retirement plans in accordance with ever-changing pension law, mistakes are inevitable. When the IRS discovers plan mistakes through audit, the plan risks being disqualified which...

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The articles linked on this page are authored by third-parties, not INTRUST Financial Corporation, its affiliates, or employees. This information is not meant as a guide to investing, or as a source of specific investment recommendation, and INTRUST Financial Corporation or its affiliates (“INTRUST”) make no implied or express recommendations concerning the manner in which any client’s account should or would be handled, as appropriate investment decisions depend upon the client’s investment objectives. The information in generate in nature and is not intended to be, and should not be construed as, legal or tax advice. In addition, the information is subject to change and, although based upon information that INTRUST considers reliable, is not guaranteed as to accuracy or completeness. INTRUST makes no warranties with regard to the information or results obtained by its use and disclaims any liability arising out of your use of, reliance on, the information.

The views expressed are those of the author, are subject to change and are not those of INTRUST Financial Corporation or its affiliates. Past performance is not guarantee of future results.

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