Vitaly Novok
Nonprofit Executive Director: Fidicuary or Not?
Over the last couple of years, the word fiduciary has almost become a household word. There have been multiple articles written about who...
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Vitaly Novok
- Dec 26, 2017
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
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
- May 31, 2017
401(k) Fees: Who Pays What and How to Help Participants Save More
It is no secret, and a study by the National Association of Retirement Plan Participants has proven, that retirement plan participants...
Vitaly Novok
- May 15, 2017
What is an Investment Policy Statement and Why You Should Have One
The cornerstone of successful retirement plan management is having well-established and documented processes and rigorously following...
Vitaly Novok
- Apr 24, 2017
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
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
- Feb 21, 2017
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...
Vitaly Novok
- Nov 28, 2016
Compliance Deadlines for Defined Contribution Plans: Year-End Reporting
For many employees, there is no better time than the end of the year. The year is almost over, hassle is gone, and diligence gives way to...
Vitaly Novok
- Oct 17, 2016
3(21) Fiduciary Adviser Vs. 3(38) Investment Manager. Know the Difference!
The complexity of the Employee Retirement Income Security Act (ERISA) and the myriad of DOL regulations leave many plan sponsors...
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