At American Trust Retirement, it’s our goal to keep you informed. We are dedicated to adding value to your retirement plan practice by helping to keep you up-to-date on what’s going on in the industry. With 2024 nearing its end, we wanted to share a list of some of...
In 2012, the Department of Labor issued final regulations for Section 408(b)2, requiring all 401(k) providers to fully disclose direct and indirect fees in a standardized format. This transparency has pressured Plan Sponsors and Advisors to scrutinize 401(k) fees,...
401(k) Day serves as an annual reminder to focus on retirement savings. It’s a chance to review your plan, adjust your strategy, and ensure you’re on track for a secure retirement. Key Actions for 401(k) Day: 1. Check Your Contributions: Ensure your 401(k)...
Historically, employers faced restrictions when considering shifting from a SIMPLE IRA to a 401(k) plan mid-year. But thanks to the SECURE Act 2.0, 2024 brings good news – employers can now terminate a SIMPLE IRA and replace it with a safe harbor 401(k) plan at any...