The Employee Retirement Income Security Act (ERISA) is a federal law that protects the retirement assets of American workers. The law outlines rules thatqualified plansmust follow to ensure that planfiduciariesdo not misuse plan assets. It also covers certain health plans.1 Under the law, plan a...
Chartered Retirement Plans Specialist Course Work The CRPS course enables candidates to master a wide variety of retirement plan types, such as SEP, SIMPLE, 401(k), defined benefit plans, and more. Specific course sections include:9 Introduction to ERISA and the Fiduciary Standard Employer-funded ...
The SECURE Act 2.0 introduced a variety of mandatory and optional changes for retirement plans under both the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC). As a retirement plan sponsor, it's your job to satisfy your fiduciary obligations. An independent adv...
Participation in Collective Investment Trust Funds is limited primarily to qualified retirement plans and certain state or local government plans and is not available to IRAs, health and welfare plans and, in certain cases, Keogh (H.R. 10) plans. Collective Investment Trust Funds may be suitable...
Some collectively bargained cash balance plans may still need to be amended by December 31, 2018, to adopt compliant interest crediting rates to be eligible for anti-cutback relief. Other Action Items Although the following items do not need to be completed by the end of 2018, we recommend th...