As a way to differentiate themselves from the competition and enhance client retirement plan services, a growing number of advisors are promoting 3(16) plan administrator services. With such heightened awareness to ERISA fiduciary responsibility and liability, a professional partnership between 3(16) Plan Administrators and financial advisors can provide clients with a comprehensive retirement plan fiduciary
As businesses of all sizes explore providing high quality retirement plans as a differentiating factor to attract, secure and retain talent, many plan sponsors are in the dark about their responsibilities associated with offering such plans and how to protect themselves from the associated financial risks. Many plan sponsors ask themselves “What is a 3(16)
ERISA compliance for retirement plans is difficult to navigate and mistakes are costly for organizations who make errors, even when they are unintentional. Failure to comply with these complicated rules happen frequently, which could lead to crippling legal action, increased audit scrutiny from the Internal Revenue Service and Department of Labor leading to an expensive
Red Bank, N.J.- June 1, 2018 – Northeast Professional Planning Group, Inc., (NPPG) a leading independent ERISA fiduciary, full-service employee benefits, retirement planning, and actuarial consulting firm announces the appointment of Jim Brambilla as Defined Contribution Plan Administrator. Mr. Brambilla is a seasoned pension professional with over 20 years of solid retirement plan administration experience.
Staying up to speed with the evolving news on the Affordable Care Act (ACA) can be overwhelming; meeting employer annual ACA tax reporting requirements can feel like a full-time job. To help you stay up to date and manage ACA compliance for your organization, we’ve put together a few commonly asked questions many large employers
Red Bank, N.J.- May 10, 2018 – Northeast Professional Planning Group, Inc., (NPPG) a leading independent ERISA fiduciary, full-service employee benefits, retirement planning, and actuarial consulting firm announces the appointment of Patrick J. Carragher as Senior Vice President of Employee Benefits. Mr. Carragher, a 24-year industry veteran, is a high-caliber employee benefits professional with extensive
Horowitz to head NPPG-FS ERISA 3(16) Administrative Fiduciary Services Compliance Department Red Bank, N.J.- May 9, 2018 — NPPG Fiduciary Services LLC (NPPG-FS) a retirement plan compliance and fiduciary consulting group specializing in ERISA 3(16) Administrative Fiduciary services announces the appointment of Brian J. Horowitz, Esq. as ERISA counsel. Mr. Horowitz will head NPPG’s administrative
What Are Voluntary Employee Benefits? Voluntary employee benefits are insurance products added to employee’s core compensation and benefits packages through payroll deductions on a voluntary basis. This allows flexibility for employees to decide how to spend their discretionary income on additional products and services that fit their unique needs. Most plan sponsors know the importance
It’s no secret health care costs are on the rise. But it’s not just employees who are feeling the pain of high out of pocket costs. The impact of higher premiums are also affecting employers whose costs for employee health benefits become an even bigger line item within their annual budgets. As a plan sponsor,
Employers that provide a retirement plan have a fiduciary responsibility to keep the plan in compliance with the Employee Retirement Income Security Act (ERISA). Due to the ever-changing maze of regulatory rules, plan sponsors can often find it difficult to meet their fiduciary responsibilities placing them at risk for costly fines, penalties and legal ramifications.
