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Form 5500, Employer Contribution Deposit, ADP/ACP Excess, 402(g) Limit Corrections...
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 FAQ's
- Juhl Stoesz
Fidelity Bonds & Fiduciary Insurance
Fidelity bonds (also known as ERISA bonds) and fiduciary liability insurance, though they may sound similar and are both used in ERISA-covered retirement plans, are actually very different from one another. In fact, they have completely different purposes.
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TSC Spotlight
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Andrea Gelhar
Depending on plan design, annual notification to eligible employees for the upcoming plan year may be required. The plan sponsor is required to notify participants of any of the following provisions: safe harbor, automatic enrollment, Qualified Default Investment Alternative (QDIA), or employee-direction.
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TSC Employee Bio
Meet the newest TSC Team Member
Ashley Eickhoff
I was born and raised in Edina, MN and currently live in St. Louis Park, MN. During the spring semester of my junior year at Gustavus Adolphus College, I studied abroad in Guanajuato, México, where I lived with a host family. They not only helped me improve my Spanish-speaking skills, but also shared with me their beautiful culture...
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Industry/Legislation Updates
- Juhl Stoesz
Upcoming Changes to IRS's Pre-approved Document Program
Federal law requires that employers sponsoring retirement plans adopt written documents that contain the plan's important terms and provisions. Additionally, the written document must contain specific technical language in order for the plan to maintain its tax-qualified status...
Update on DOL's Fiduciary Rule
The U.S. Department of Labor's rule expanding the definition of an "investment advice fiduciary" continues to make headlines. The rule was originally scheduled to be phased in between April 10, 2017 and January 1, 2018. However, subsequent delays changed the applicability date...
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What Does This Mean?
- Holly Dayton
Fiduciary
The Employee Retirement Income Security Act of 1974 ("ERISA") imposes responsibilities on the individuals who oversee qualified retirement plans in a fiduciary capacity and holds them to high standards. This includes the duty to act prudently and only in the best interest of the plan participants and beneficiaries.
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Of Interest
- Lisa Melberg
Retirement Plan Relief for Recent Hurricane Disasters
On September 29, 2017, the Disaster Tax Relief and Airport and Airway Extension Act of 2017 was signed into law, providing access to retirement plan funds for participants who were located in a disaster area for Hurricane Harvey, Hurricane Irma, or Hurricane Maria. These benefits are available...
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 Featured Client
ProAct, Inc. is a 501(c) (3) not-for-profit organization that provides job training, employment, life skill training, and community integration opportunities to individuals with disabilities and other challenges to full community inclusion. ProAct was incorporated under the name of Owobopte in 1972 and has had its headquarters in Eagan since 1997...
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Brain Teaser
Fiduciary Duty
Which of the following is always a fiduciary to a retirement plan?
- The U.S. Department of Labor
- All of the plan's participants
- The plan's trustee or trustees
- The plan's fidelity bond provider
Email
[email protected]
to submit your answer for a chance to win a $25 AMEX gift card!
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