ERISApedia, a product of AmericanTCS’s PensionPro, offers a powerful suite of web-based resources to professionals working with retirement plans.From the industry’s most comprehensive compliance-oriented reference ebooks to expert support and business development...
Beginning January 1, 2026, employees (age 50 or older) who are eligible to make catch-up contributions and who had wages exceeding $145,000 in the prior year (2025), indexed annually for inflation will be required to make those catch-up contributions on a Roth...
As the last days of summer come into view, it’s time to begin preparing for year-end plan administration tasks: Required Minimum Distributions (RMDs): Participants who are age 73 or older, and are either more than 5% owners of the employer or terminated as of...
To help protect plan participants from fraud, American Trust is placing additional requirements on distribution forms received from our clients. The new Requirements include: Signature Date Requirements: The participant signature must be first (meaning the PS/TPA...
Does your Plan Administration Process Need to Change? Recent legislation under SECURE 2.0 introduces a new requirement for 401(k) plans: Long-Term Part-Time (LTPT) employees—those who have worked at least 500 hours in two consecutive years—must be allowed to...
Safe Harbor Adds/Changes Amendments – Deadline: October 1 If your plan is adding of removing a safe harbor plan design feature or wants to make changes to your current safe harbor design, amendment requests must be submitted to your American Trust team by October 1 to...
Under ERISA (Employee Retirement Income Security Act), a 402(a) named fiduciary is the individual or entity designated in the plan document as having the overall authority to manage and control the operation and administration of a retirement plan. This person or...
Managing a 401(k) plan involves more than offering retirement benefits—it requires fulfilling fiduciary duties under ERISA (Employee Retirement Income Security Act). Many plan sponsors don’t fully understand these legal responsibilities, putting themselves at risk....
Many businesses are seeing the benefits of Cash Balance (CB) plans Offering Cash Balance as a sidecar to a 401(k) plan unlocks an additional retirement savings benefit for highly compensated employees. For high-income business owners or partners, a CB plan may create...
Starting in 2025, most new 401(k) and 403(b) plans will be required to automatically enroll eligible employees, a change brought by the SECURE 2.0 Act passed by Congress in 2022. The provision aims to boost retirement savings by making enrollment the default option...