NADART Retirement Blog: News & Commentary about Retirement Plan Administration

Author: NADART Administrator Created: 11/29/2007
NADART's Retirement Blog will cover various topics and news related to retirement plan administration and retirement planning, from the viewpoints of business owners as well as participants in the plan.

Learning About Plan Fees
By NADART Administrator on 12/31/2007
It is important to know about plan-related fees, both for your own sake and for fielding questions from employees. The fact that the U.S. Department of Labor (DOL) says fees must be reasonable and understandable is yet another incentive.
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Staying Longer in the Workforce
By NADART Administrator on 12/30/2007
Employees age 55 and older are staying in the full-time workforce much longer than they used to, according to research by the Employee Benefit Research Institute. Trends like this make it all the more important for employees to start saving early for retirement.
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Required Minimum Distributions from a Roth IRA vs. a Roth 401(k)
By NADART Administrator on 12/29/2007
While the names may be similar, Roth IRA’s and Roth 401(k) contributions are different. Both investment options allow participants who earn compensation to contribute after-tax monies and both allow distributions of those after-tax monies and the associated income tax-free if certain conditions are met. Two key differences between them are the contribution limits to each and the need for Required Minimum Distributions from one and not the other.
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Confused About Retirement Plan Options for Small Businesses?
By NADART Administrator on 12/28/2007
Small businesses often think they have few or no options when it comes to providing a retirement plan for their employees. Many retirement plan providers (including NADART) have plans specifically for small businesses.
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Study Shows Employers Focusing on “Quality” of 401(k) Plan Enrollment
By NADART Administrator on 12/27/2007
A recent study conducted by Hewitt Associates, a human resources services company, showed that more employers are focusing on a retirement plan’s ability to assist employees in accumulating a sufficient nest egg for retirement.
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Not Knowing SPD Requirements Can Cost You Money
By NADART Administrator on 12/26/2007
If you currently offer a retirement plan, it is important to know what the Summary Plan Description distribution requirements are, as the Department of Labor imposes hefty fines for those companies that don’t comply.
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Roth 401(k) – Right or Wrong for Your Employees?
By NADART Administrator on 12/25/2007
The Roth 401(k) option is best suited for employees who expect to be in the same or higher tax bracket at retirement and those that are not permitted to contribute to a Roth IRA due to income restrictions.
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Social Security and Online Calculators - Are You Saving Enough?
By NADART Administrator on 12/24/2007
How much should you and your employees save for retirement? The Social Security Administration helps to answer that question on its Web site.
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Saving for Retirement – Don’t Wait Until It’s To Late!
By NADART Administrator on 12/23/2007
While it’s technically never too late to save for retirement, you don’t want to delay saving until retirement is just a few years away. Because of compounding interest, those who begin contributing at an early age definitely have a leg up on those who contribute later, even if they are contributing a lesser amount. All is not lost though, even if you are late to the saving game.
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Encouraging Spanish-Speaking Employees to Participate
By NADART Administrator on 12/22/2007
Merely translating presentations and enrollment materials for Spanish-speaking employees is not enough, according to an article in the Employee Benefit News. To overcome possible misperceptions, plan sponsors need to make a few things clear.
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