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Summer 2012, Volume 6/Issue 2
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There has been a lot of commentary about how 401(k) fees are eating us alive and how "401(k) plans are a better deal for Wall Street than for you." It's time for us to comment on all this and put it into some perspective. The focus is entirely on fees, which does not tell the whole story. These fees are paying for services, valuable services ....Read More |
Form 5500, Employer Contribution Deposit, ADP/ACP Excess, 402(g) Limit Corrections. IRS Limits have changed for 2012. Read More |
SOC 2
The cover letter that accompanies the Year End Valuation of your retirement plan makes mention of "the controls TSC has put in place to safeguard your confidential information and the quality control procedures we use to ensure the services we perform for you are of high quality."...... Read More |
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What happens if loan payments are not made or are missed? Qualified retirement plans that allow for participant loans must maintain a written loan policy that provides an outline for the administration of the loan program. All loan policies for plans that have adopted a plan document sponsored by TSC can be found in the Summary Plan Description (SPD). The loan procedures outlined in the SPD generally stipulate that.... Read More |
Industry/Legislation Updates - Juhl Stoesz
408(b)(2) and 404a-5: Ushering in a New Era of Plan Disclosure As we have discussed in previous editions of the TSC Translator, the DOL has its sights set on increasing the amount of information available to participants in private retirement plans. In an effort to meet that goal, the DOL has launched several distinct disclosure initiatives. .... Read More
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As a Plan Sponsor how does ownership in another company affect my retirement plan?
One of the many things that can affect your retirement plan is when there is common ownership in another company. This may result in what is known as a controlled group. ..... Read More |
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Keeping a paper trail of your plan documents
It is essential you save all executed plan documents. In the event of an audit of the plan, the IRS may require you to demonstrate that the plan has complied with..... Read More |
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Mark Foster, Executive Vice President, Senior Counsel
I was born in New Jersey and met my wife Sally while both of us were attending Middlebury College, in Vermont. She is from St. Paul, Minnesota and we were married in 1972... Read More |
Shady Oak Distributing, Inc.
Shady Oak Distributing is a third-generation family business located in Hopkins, Minnesota since 1969. We have been involved in all areas of major appliance sales, from retail to builder, wholesale to distribution.....Read More
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A participant takes a loan from their retirement plan in 2010 requiring semi-monthly repayments through 12/31/2013. The participant terminates on 10/15/12 and ..... Read More |
