Vitaly NovokDec 27, 20173 minComplying With the 408(b)(2) RegulationWhen it comes to managing and administrating a 401(k) plan, there are some duties that a plan sponsor can delegate. For example, a 401(k)...
Vitaly NovokDec 11, 20173 minInsufficient Fidelity Bond CoverageWhen I review Forms 5500 of micro and small 401(k) plan sponsors, one mistake that I am frequently seeing is insufficient fidelity bond...
Vitaly NovokApr 24, 20173 minHow to Select 401(k) Service ProvidersManaging a 401(k) plan requires a lot of knowledge, expertise, and is extremely time consuming. It not only involves administration and...
Vitaly NovokMar 21, 20175 minThe Most Important 401(k) Safe HarborsDue to the increased frequency of lawsuits filed against plan sponsors over the last few years, they have been forced to revisit many...
Vitaly NovokMar 14, 20174 minHardship Withdrawals: Trust but VerifyAt the end of February, the IRS issued a memorandum for Employee Plans Examinations Employees which provided guidelines for hardship...
Vitaly NovokFeb 22, 20173 minShould You Hire a TPA?Without a doubt, the hardest thing about running a 401(k) plan is its administration. A plan administrator carries the enormous...