Vitaly Novok
Complying With the 408(b)(2) Regulation
When 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 Novok
- Dec 11, 2017
- 3 min
Insufficient Fidelity Bond Coverage
When I review Forms 5500 of micro and small 401(k) plan sponsors, one mistake that I am frequently seeing is insufficient fidelity bond...
Vitaly Novok
- Apr 24, 2017
- 3 min
How to Select 401(k) Service Providers
Managing a 401(k) plan requires a lot of knowledge, expertise, and is extremely time consuming. It not only involves administration and...
Vitaly Novok
- Mar 21, 2017
- 5 min
The Most Important 401(k) Safe Harbors
Due to the increased frequency of lawsuits filed against plan sponsors over the last few years, they have been forced to revisit many...
Vitaly Novok
- Mar 14, 2017
- 4 min
Hardship Withdrawals: Trust but Verify
At the end of February, the IRS issued a memorandum for Employee Plans Examinations Employees which provided guidelines for hardship...
Vitaly Novok
- Feb 22, 2017
- 3 min
Should 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...