401(k) Retirement Plan Administration

What Is The Real Cost Of Your 401(k)

It's pretty simple: 401(k) prices are based on the number of employees you have and your plan's total assets, right? Unfortunately, no, it's not that simple. In fact, 57% of small plan sponsors and 31% of large plan sponsors don’t know their fees – or they assume the fees

ForUsAll

ForUsAll's Top 401(k) Providers

As one of the largest and fastest growing 401(k) advisors in America, we work with hundreds of plan sponsors and tens of thousands of participants. The number one question we hear from existing and potential customers is "Which 401(k) plan providers should I consider?" It's an important decision

401(k) Plan Audit

How Layoffs Will Impact Your Upcoming 401(k) Plan Audit

Due to the current coronavirus pandemic, many businesses have been hit hard financially and are trying to navigate the impact of operating with a significantly reduced income. Unfortunately, the financial challenges many companies are experiencing are forcing these employers to lay off employees. With that said, if you’re a

Safe Harbor 401(k)

Safe Harbor Matching Calculator: Easily Estimate Safe Harbor Costs

Want to estimate the costs of Safe Harbor? Here’s everything you need to know about Safe Harbor, matching contributions, how plans work, and the associated costs.

401k Administration

401(k) Contribution Limits 2020: What Employers Need to Know

Yes, there’s: “Good news, everyone!” (Or, almost everyone). The Treasury Department has raised 401(k) annual contribution limits for 2020. That means lots of people now have the opportunity to save even more for their retirement - something we love. Here are the highlights from the Treasury Department announcement:

401k Administration

Cover Your Assets: 5 Tips for 401(k) Administration in 2020

I think you’ll agree with me when I say: 401(k) administration is a real headache. It’s tedious. It’s complex. And it’s easy to mess up. And every time you make a mistake, even if it’s just a tiny one, it can add a lot

Small Business 401(k)

The 3 Step Process to Set Up a 401(k) for Small Business

Starting a Small Business 401(k) is Easier Than You Think So, you’re thinking of setting up a 401(k) for your small business. On behalf of everyone here at ForUsAll, congratulations! The 401(k) is an awesome benefit that can do some great things for your business and

401(k) Fees

Are Your 401(k) Fees Too High?

Let’s get real about 401(k) fees. 401(k) fees can be confusing and opaque, and there’s a good chance that you don’t know what you’re actually getting charged. To make matters worse, plans of similar size can be charged dramatically different fees - even when

401k Administration

The Quick and Easy Guide to the IRS 401(k) Loan Rules

401(k) administrators play many roles — including, often somewhat reluctantly, banker. In addition to all other duties, plan administrators are responsible for the administration of 401(k) retirement plan loans. This includes… Making sure that loans taken from the plan comply with the plan documents & IRS rules Setting up

401k Administration

401(k) Administration: Your Responsibilities Explained

401(k) administrators, we salute you. Because if you’re responsible for 401(k) administration, you’ve seriously got your work cut out for you. From tracking eligibility to managing loans to dealing with distributions, there are a lot of tasks and processes you’ve got to be an expert

401k Administration

401(k) Eligibility Guide: Rules, Requirements & Tracking

Ahh, 401(k) eligibility. We won’t go as far as saying this is the biggest pain in the posterior when it comes to 401(k) administration. But it is a pain. Our job today is to give you the information you need to make it a little less of

401k Administration

ERISA Record Retention Requirements In Plain English

ERISA record retention requirements. Say that five times fast. All joking aside, this is actually pretty serious business. The Employee Retirement Income Security Act of 1974 requires that you retain important plan documentation. Failing to do so can get you into really hot water in the event of an audit.

401k Administration

Charting a Prudent Path Through Market Volatility

We’ve had a great bull market, but it hasn’t been a smooth ride It’s been such a great run, it’s easy to forget the significant bumps along the way. In fact, since the 2008-2009 recession, the total return for the S&P 500 was 336%

401k Administration

401(k) Deposit Rules For Employers Demystified

401(k) deposits are an essential function of any 401(k) plan, and there are complicated (and sometimes frustrating) rules that govern deposit processes. Of course, you probably knew that. Otherwise, you wouldn’t be here. You’re likely reading this for one of the following reasons: You’re new

401k Administration

The Complete Guide to a Fast, Pain-Free 401(k) Audit

If you’re responsible for your company’s 401(k) administration, you probably know that the annual 401(k) audit is not a fun process. In fact, we’d go as far as to say that it sucks (trust us, we’re involved in a lot of these). We don’

Nondiscrimination Testing

The Complete Guide to 401(k) Corrective Distributions

Hotel Pacifica has problems with their 401(k). At the end of every year, Red Jensen, Hotel Pacifica’s Director of HR, takes what he likes to call his “annual 401(k) beating.” Several highly compensated employees (HCEs) – including top executives – storm into his office to receive their corrective distributions

401k Administration

New To Your CFO Role? In Charge of the 401(k)? Read This.

Are you the new CFO of a small or mid-sized business? If so, you are probably knee deep in learning the company’s financial condition while developing strategies for growth and efficient use of capital. But in addition to being in charge of complex financial models, are you also a

Nondiscrimination Testing

401(k) ACP Test: Why Your Employees’ Actual Contribution Percentage Matters

If you have been offering a company 401(k) for more than a year, then you know your plan requires a lot of testing to stay compliant. That’s because one of the primary duties of employers offering a 401(k) is to ensure that it’s designed to benefit

Nondiscrimination Testing

Highly Compensated Employees: What You Need To Know To Pass Your Non-Discrimination Tests

Employers start 401(k)s for lots of reasons. Some consider a 401(k) a great recruitment tool. Others may see the plan as a tool for retaining employees. A very common role for the 401(k) is helping company owners and key employees shelter more income from taxes. This

Nondiscrimination Testing

Acing Non-Discrimination Testing - 3 Strategies To Help Your Executives Maximize 401(k) Contributions

Non-discrimination testing is a pain. When employees aren’t participating in the 401(k) or saving enough, non-discrimination testing can severely limit how much highly compensated employees (HCEs) can contribute. This is a source of great frustration for plan administrators – especially in sectors like hospitality and food services where participation

401k Administration

Automatic Escalation: Optimize Your 401(k) With This Brilliant Feature

Increasing employee deferral rates is an excellent way to get more benefit from your company’s 401(k). Not only do higher saving rates help your employees build their retirement nest egg, but they also make it much easier for your plan to pass non-discrimination testing. The problem? Getting employees

Nondiscrimination Testing

Passing Your ADP Test – Here’s What You Need To Know

For sponsors of 401(k) plans, the first part of the year is exam time. That’s when several tests are performed to determine if the plan’s benefits are broadly spread among employees. If the test results indicate the plan favors owners or highly paid employees, corrective action must

401k Administration

It’s Time for your Retirement Plan Review – Why Not Get Automated?

Say you’ve had the company 401(k) up and running for some time now. So you know there are lot of moving parts, and a lot of moving regulations governing those moving parts. That’s a lot of movement. To keep things running smoothly, let’s say you and

401k Administration

Should You Include a Managed Account Option in Your 401(k)?

There’s a lot of talk about managed accounts these days. But what exactly is a managed account? A managed account is a 401(k) option whereby a professional manager sets the asset allocation for the participant, and then builds a portfolio from the funds in the lineup. The managed

401k Administration

401(k) Risk: Are You Taking On Too Much?

If you’ve ever wondered about the 401(k) risk for your plan, then you are familiar with the notorious Form 5500. That’s the document designed to paint a financial and compliance portrait of your company’s retirement plan. The form shows how your plan is funded, what employer