Hot Topics for Plan Sponsors
At Envoy Financial, our goal is to provide Trusted Advice Along The Way and help you stay informed as a plan sponsor. Check here often for important news for plan sponsors.
At Envoy Financial, our goal is to provide Trusted Advice Along The Way and help you stay informed as a plan sponsor. Check here often for important news for plan sponsors.
| Topic | Date Posted |
| Retirement Plans and Your Fiduciary
Responsibility How Do You Know If What You Are Doing is Right? Fiduciary responsibility has been a growing concern among sponsors of qualified retirement plans over the past several years. Government agencies such as the Internal Revenue Service and Department of Labor issue rules and regulations that must be followed in order to ensure that employee’s rights are protected. As a retirement plan sponsor, you need to be aware of your responsibilities relating to the day-to-day administration of your Retirement Plan. (Read more...) | April 27, 2010 |
| Fidelity
Bonds Do Any Of Our Staff Members Need To Be Bonded?
| Feb. 18, 2010 |
| Newly Released Retirement Plan Funding Requirements On January 14, 2010, the Department of Labor released a Final Rule that requires employers with retirement plans with fewer than 100 participants to deposit employee contributions to the plans within 7 business days upon receiving or withholding the funds. Stated otherwise, the retirement plan withholdings need to be deposited into the plan within (and not later than) 7 business days following the pay date. (Read more...) | Jan. 19, 2010 |