10 Steps to Help You Handle a DOL Investigation
- Bjork Group
Hot breath, fear, sweaty palms - You’ve received a request from the Department of Labor (“DOL”) to provide documents about your retirement plan. You are being investigated.
Thinking About Changing 401(k) Providers? Five Things You Should Know
- Bjork Group
Offering a competitive benefits package, including a top-notch 401(k) plan, is essential for your company to recruit and retain top talent. Today’s workers highly value employer-sponsored retirement plans: 88% of them say that an employee-funded retirement plan is important to them.[1] In addition, eight out of ten new hire candidates consider retirement savings programs offered by prospective employers a major factor in their job search decisions.[2]
Q1 2020 Newsletter: Fiduciary Plan Governance
- Bjork Group
The start of a new year is a great time to review your fiduciary governance process and confirm that your fiduciary priorities have been set. Preparing for the unexpected can be a delicate balancing act, but it is vital for the organized plan administration!
2020 Compliance Calendar
- Bjork Group
Everyone loves the compliance deadlines that should be met every year. To help you stay ahead of the curve with important deadlines and filings, please find attached our complementary 2020 Compliance Calendar. If you have any questions about deadlines or information requested, please contact us to review today!
SECURE Act and What 401(k) Plan Sponsors Need to Know
- Bjork Group
On 23 December, one of the largest changing legislative acts to impact America’s retirement system was signed into effect. The Setting Every Community Up for Retirement Enhancement Act – or SECURE Act – has many updates and modifications that seek to enhance retirement security activities. The Act strives to addresses challenges that small business owners face including helping your employees better understand their workplace savings plans, encouraging employees to save more for their future, and offsetting plan costs.
Video | 3 Trends to Strengthen Your Workforce's Retirement Savings
- Bjork Group
Have 20/20 vision for your business and retirement plan!
Participant Infographic | 3 Tips to Tackle Debt and Help Brighten Your Financial Future
- Bjork Group
Help make your employees financial future brighter with these 3 Tips to Tackle Debt!
What are Corrective Distributions and How to Avoid Them Going Forward
- Bjork Group
Tests – the word alone is enough to make the most studious of us sweat. When placed in the context of 401(k) plans, i.e. determining whether your plan passes non-discrimination tests, anxiety levels can go through the roof!
Plan Sponsor Guide | 20 Questions to Ask a Recordkeeper
- Bjork Group
20 Important Questions You Should Be Asking a Recordkeeper
2020 Contribution Limits
- Bjork Group
The IRS has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. For company retirement plans, the most recognized highlight is the 401(k) contribution limit increase to $19,500 for the new year.