As retirement plan rules have become more and more complex and regulatory scrutiny has increased, it has become common for companies to experience operational and other problems with their retirement plans. The JULY ERISA Consulting Team has the expertise to help employers correct these problems.
Below are some common problems employers encounter with their plans.
The Internal Revenue Service (IRS) and Employee Benefits Security Administration (EBSA) both offer cost-effective, plan correction programs to allow employers to correct mistakes and protect participant benefits. Below is a listing of these programs:
JULY offers comprehensive plan correction services and has the experience to help with most plan problems. Below is an overview of the correction process.
Our ERISA Consulting team will walk you through the process. Our service includes evaluating the most cost-effective correction option, communicating with regulatory agencies, calculating contributions and agency fees, and drafting required documents.
Happy New Year! To start the year off right, we would like to share insights on how you can help your business-owner clients minimize pains associated with top-heavy issues. Because top-heavy required employer contributions to 401(k) plans can create budget challenges and may be a thorn in the side of some business owners, this article discusses creative ways to alleviate related frustrations, satisfy existing clients and gain new relationships along the way.[+] Learn more