M2 EQUITYBITES-April 28, 2016-US Retirement
Plan Administrators URPC, MGA Consultants Merge
The following tips can help
plan administrators hire an auditor who will perform a high-quality audit.
The new policy, contained in Field Assistance Bulletin (FAB) 2013-02, allows
plan administrators to reset the deadline one time-for either the 2013 or the 2014 comparative chart, should the responsible plan fiduciary determine that doing so will benefit the plan's participants and beneficiaries, and provided that no more than 18 months may pass before participants receive their next comparative chart.
ERISA requires
plan administrators, upon receipt of the notice from the employer, to accept an appropriately completed notice that also complies with the requirements of ERISA Section 609(a) as a QMCSO.
It remains to be seen if the Chief Justice has provided a roadmap for
plan administrators to defend against these suits.
Equity Focus is a browser-based stock plan administration system that helps financial executives and stock
plan administrators at venture-backed and other privately held companies make multimillion-dollar decisions concerning new investors, merger partners or any future exit strategy "with the confidence that they have a complete picture of every aspect of their companies' total capitalization," the Needham, Mass.
The plan documents argument interprets ERISA's fiduciary duties provision, [section] 1104, as requiring
plan administrators to pay the beneficiary listed on the beneficiary form without consulting any other documents to determine the correct beneficiary.
Companies and
plan administrators will need to understand the effects of the new law on their plans and seek professional advice and assistance in implementing the new requirements.
The Pension Benefit Guaranty Corporation (PBGC) has created a Voluntary Correction Program (VCP) that allows
plan administrators to correct their failure to comply with the PBGC's participant notice requirements.
Harmonizing the state's rules with the abundant federal authority in this area will not only facilitate administration and compliance for employers, but also employees,
plan administrators, and the state, the Institute noted.
netstockdirectcom), then follow the instructions by any of the 1,400 individual companies listed on the site to receive materials from their
plan administrators (some enrollment forms are available on the site).
The addition of these resources provides health
plan administrators unparalleled speed-to-market and flexibility.
