by Greg Snyder | Aug 6, 2021 | Employee Articles, Employees
FAQs for Retirement Plan Participants 1) What is a “Domestic Relations Order” (DRO)? A court judgment, decree or order, including a court-approved property settlement agreement, related to child support, alimony or marital property rights for the benefit of a spouse,...
by Greg Snyder | Aug 6, 2021 | Employee Articles, Employees
Retirement plan service providers are required to disclose fee-related information to plan fiduciaries to assist them in evaluating the “reasonableness” of the service contract or arrangement under ERISA Section 408(b)(2). Q. As a plan sponsor, what is my fiduciary...
by Greg Snyder | Aug 6, 2021 | Cash Balance, Cash Balance Article, Employee Articles, Employees
Determine the Plan Type that’s Right for You The chart below provides a quick comparison of different types of qualified retirement plans. For a more detailed presentation of the features and benefits of these plans, please visit our website at www.julyservices.com or...
by Greg Snyder | Aug 3, 2021 | Employee Articles, Employees
How to Choose a Qualified Default Investment Alternative (QDIA) The Pension Protection Act of 2006 provided a great option for retirement plan sponsors aimed at improving participant retirement outcomes and reducing employer fiduciary liability. What is a QDIA?...
by Greg Snyder | Aug 3, 2021 | Employee Articles, Employees
Explanation of Death Benefits & Designated Beneficiaries Upon the death of a Plan participant, all vested benefits held in the Plan on the participant’s behalf will be paid in accordance with the terms of the Plan to the beneficiary(ies) designated on the most...
