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...
by Greg Snyder | Aug 3, 2021 | Employee Articles, Employees
Why Automatic Features Help Employers; Why Employees Like Auto Features Employers of all sizes are now adopting 401(k) Plans with Automatic Features. Automatic Enrollment, Automatic Increases, and Automatic Investment Choices are easy, they’re popular, and they...
by Greg Snyder | Aug 3, 2021 | Advisor News, Advisors, Employee Articles
Q. Who is responsible for providing disclosures to participants? A. You, as plan sponsor and plan fiduciary, are responsible for providing the required disclosures to plan participants. However, July Business Services (JULY) will assist you by preparing the required...
by Greg Snyder | Jul 29, 2021 | Advisor News, Advisors, Employee Articles
Regulations issued by the U.S. Department of Labor (DOL) permit the Annual Participant Fee Disclosure Notice to be delivered either electronically or in paper. To comply with the rules for electronic delivery, employers must furnish the notice using measures...
