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401(k) Annual Administration - A Checklist for 2022

401(k) Annual Administration - A Checklist for 2022

By: Eric Droblyen

December 8th 2021

An important 401(k) fiduciary responsibility is ensuring plan administration tasks are completed timely each year. Our 2022 checklist makes this job easy.
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401k Fiduciary Liability Insurance – Factors that Raise Premiums

401k Fiduciary Liability Insurance – Factors that Raise Premiums

By: Eric Droblyen

August 4th 2021

Understanding the factors that increase the price of 401(k) fiduciary liability insurance coverage can help plan fiduciaries more easily avoid liability.
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How to Simplify Your 401k Admin with a Cycle 3 Plan Restatement

How to Simplify Your 401k Admin with a Cycle 3 Plan Restatement

By: Eric Droblyen

July 21st 2021

Most 401(k) plans must be "restated" to reflect IRS-mandate Cycle 3 changes from August 1, 2020 to July 31, 2022. Here are some plan simplifications to consider.
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401(k) Plan Oversight - Understanding Your Fiduciary Hierarchy is Key

401(k) Plan Oversight - Understanding Your Fiduciary Hierarchy is Key

By: Eric Droblyen

July 7th 2021

As a business owner, you want to understand the basic fiduciary hierarchy applicable to all 401(k) plans and the responsibilities of each role within it.
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How Much Lower 401(k) Fees Can Grow Your Retirement Savings

How Much Lower 401(k) Fees Can Grow Your Retirement Savings

By: Eric Droblyen

May 12th 2021

Cost matters a LOT when saving for retirement. Even 401(k) fee small reductions today can mean much higher account balances for participants in retirement.
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401(k) Fee Study: 75% of Small Business Plans Pay Hidden Fees

401(k) Fee Study: 75% of Small Business Plans Pay Hidden Fees

By: Eric Droblyen

April 28th 2021

“Are my 401(k) fees too high?” is a common question asked by both plan sponsors and participants. Our small business fee study can give some perspective.
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401(k) Plan Restatements - Save Fees With These Amendments

401(k) Plan Restatements - Save Fees With These Amendments

By: Eric Droblyen

February 3rd 2021

Most 401(k) plans must be 'restated' to reflect IRS Cycle 3 (or 'post-PPA') changes from August 1, 2020 to July 31, 2022. Here are some amendments to include.
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401(k) Nondiscrimination Testing - Basics and Deadlines

401(k) Nondiscrimination Testing - Basics and Deadlines

By: Eric Droblyen

January 19th 2021

401(k) plans must pass nondiscrimination tests each year to confirm HCEs do not disproportionately benefit and that no IRS contribution limits are exceeded.
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'Hidden' 401(k) Fees – What Business Owners Need to Know

'Hidden' 401(k) Fees – What Business Owners Need to Know

By: Eric Droblyen

January 6th 2021

Hidden administration fees increase the cost of investing for 401(k) participants - reducing their returns. Here are the most common and how to uncover them.
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How to Find & Calculate Transamerica 401(k) Fees

How to Find & Calculate Transamerica 401(k) Fees

By: Eric Droblyen

December 17th 2020

Finding Transamerica 401k fees isn't easy. In this guide, we'll show you average Transamerica fees, then how to find & calculate them in your plan.
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