ERISA 3(16) Fiduciary Services involve assuming responsibility for the day-to-day operations of a retirement plan to help reduce administrative burden and reduce personal liability risks for the Plan Sponsor (i.e. Employer). An ERISA Section 3(16) Plan Administrator competently navigates the complex fiduciary landscape and acts as a plan administrator to provide services such as: Review
Tag: Northeast Professional Planning Group
ERISA 3(16) for Nonprofits (And Why It is Important)
According to the National Center for Charitable Statistics, more than 1.4 million nonprofit organizations exist in the United States alone. Nonprofits differ in their fields of interest, ranging from charities and religion, to health, wildlife protection, science, literature and the arts. While the areas of focus may vary, one thing applies to every organization: nonprofit
Ensuring ERISA Compliance: 3 Common Plan Mistakes
Establishing an employee retirement plan not only helps your employees (and you) save for retirement, but may also offer favorable tax benefits. Yet, despite best intentions, plan errors can happen which can jeopardize that critical tax-favored status. Below, we’ll answer some common questions many plan sponsors have: Why do retirement plan errors happen? How can
Why Competitive Employers Are Using Their Benefits Program to Attract Talent (And Retain It)
Where is your employee benefits program headed in 2018? And do you know what benefits will be most coveted by top talent? In the coming year, competition to attract and retain skilled employees is going to require some innovative approaches and leading companies will be using flexible benefits packages as a strategic tool to enhance
What Employers Should Know About the DOL Fiduciary
Taking effect earlier this year, the Department of Labor’s Fiduciary Rule expanded the definition for financial advisors with fiduciary duty under ERISA which imposed strict regulations on their advisory relationships. As an employer, your fiduciary liability is a big deal. Here’s what employers need to know to shield themselves from litigation risks. What is the
Reduce Compliance Risk and Liability Through Reliable 3(16) Fiduciary Services
As a business owner who sponsors a corporate retirement plan, it’s common to feel uneasy by complex administrative tasks associated with retirement plan management. These time-consuming day-to-day tasks can potentially lead to compliance errors and liability exposure. One way to reduce the risks of liability is to appoint an ERISA section 3(16) Plan Administrator who
Northeast Professional Planning Group Celebrates 20 Years in Business
RED BANK, NJ, November 8, 2017 – This year, Northeast Professional Planning Group, Inc. (NPPG) is excited to celebrate its 20 year anniversary. Founded in August of 1997 by Michael M. Salerno, Northeast Professional Planning Group is a specialized consultancy in Employee Benefits, Retirement Plan Actuarial and Fiduciary Services headquartered in Red Bank, New Jersey.