by Matthew Spay | Feb 21, 2017 | Blog
What is “float”? Float refers to the earnings or “compensation” accruing to a service provider while a plan’s contribution remittance (or other assets held in suspense) is awaiting deposit or distribution.With many service providers, a contribution received after 2...
by Matthew Spay | Feb 16, 2017 | Blog
One of the major trends in retirement plans is the use of auto plan design features to encourage participation and retirement readiness. One of the major trends right now in retirement plans is the use of automatic plan design features to encourage plan participation...
by Matthew Spay | Feb 14, 2017 | Blog
Recently there has been an emergence of entities offering to provide ERISA Section 3(16) services. Plan sponsors may be interested in divesting themselves of Section 3(16) plan administrator responsibilities and there are questions regarding this concept and its...
by Matthew Spay | Jan 19, 2017 | Blog
An ERISA fidelity bond is required under ERISA Section 412. Its purpose is to protect the plan, and therefore the participants. It does this by ensuring that every fiduciary of an employee benefit plan, and every person who handles funds or other property of the plan,...
by Matthew Spay | Feb 2, 2016 | Blog
Ok, it’s not as much a resolution as it is a vision intertwined with a wish. The reason it isn’t a resolution is because my vision/wish is not something I can directly control. With that being said, here is a quick list I wish EVERY fiduciary and plan...
by Matthew Spay | Feb 1, 2016 | Blog
“IT WONT HAPPEN TO ME” For those of you that know me, you likely also know how strongly I believe that there is a need for Retirement Plan Specialists. Having to fulfill the fiduciary responsibilities of a retirement plan is quite complex and time...
