Auto-portability has been around since 2018 but received a boost when it was included in SECURE 2.0. Articles promoting auto-portability seem to cast a negative light on automatic rollover IRAs .
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Time Is Running Out To Utilize Forfeiture Relief (And How To Avoid Lawsuits)
Forfeiture lawsuits have been in the news a lot lately. It may have you second-guessing what to discuss or do for clients and built-up forfeitures in their retirement plans.
How To Avoid Submitting Any Information To The DOL Lost and Found Database
Late last year, the Department of Labor’s (DOL) Lost and Found Database came into existence as required by SECURE 2.0.
You Can Transfer Balances of $1,000 or Less to State Unclaimed Property Funds, But Should You?
Sometimes the timing or content of agency guidance is head-scratching. The Department of Labor’s (DOL) Field Assistance Bulletin (FAB) 2025-01 fits in both categories. The timing is odd as it references reports from 2019 and 2014 to support its current day relevance....
SECURE 2.0 in 2025: Here Comes a Big Plan Design Change (And Be Ready to Help with Small Balances)
Where did 2024 go?! Hard to believe that we are closing in on 2025 and another round of SECURE 2.0 provisions is coming online.
Optimal Plan Design for Using PenChecks Services
You’ve heard us loud and clear. You know that using Automatic Rollover IRA services from PenChecks Trust® can help you and your clients save time and money.
Looking Back On 30 Years of PenChecks
Here we are in the middle of summer of 2024 and I am proud to announce that PenChecks Trust® is on track for another very successful year.
Avoiding the 401(k) Rollover “Mistake”
A recent Wall Street Journal article highlighted “The 401(k) Rollover Mistake That Costs Retirement Savers Billions.”
How PenChecks 5-Year Plan Continues to Drive Growth
Here we are in the middle of summer of 2024 and I am proud to announce that PenChecks Trust® is on track for another very successful year.
Leveraging Start-Up Tax Credits to Gain Business and Increase Referral Sources
Required minimum distributions (RMDs) may not come up often in retirement plan operations. When they do, it can be a real pain in the administration.
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