Prior to 1997, S corporations could not sponsor an Employee Stock Ownership Plan (“ESOP”) because a tax-exempt trust could not be an S corporation shareholder. Subsequent rules and regulations have eliminated this restriction. Jason Lumpkin provides insight.
The importance of reviewing your retirement plan on an annual basis for common operational failures should not be underestimated. Jeanne Barrett shares some tips every company should consider.
“Americans should be entitled to clear and complete information on the fees taken from their hard-earned retirement savings,” says U.S. Rep. George Miller, D-Calif.), Chairman of the House Education and Labor Committee. This thinking, along with two relatively recent events, will have an impact on how plan sponsors identify and communicate 401(k) plan fees to their participants.
A 401(k) plan without adequate planning tools and processes is like a bag of groceries without a cookbook; great possibilities exist, but the odds of acceptable outcomes are greatly diminished. How do plan sponsors who genuinely believe their employees are one of their organizations’ biggest assets engage participants at the intersection of human and financial capital?
