Qualified Plan Record Retention

Written by Kristian Kananen & Christopher Tipper Over the years Plan Sponsors, Plan Administrators and Plan Trustees, (the Plan Fiduciaries) can amass a large amount of data and records.  What to keep and what to destroy of those records is an annual dilemma as...

State-Run Retirement Plans

  Written by Kristian Kananen & Christopher Tipper The average retiree in the United States receives $1,200 per month in Social Security income.  It has dawned on state legislatures that it is not possible in our current economy for a retiree to survive with any...

Missing Participant Best Practices

Written by Kristian Kananen & Christopher Tipper As we all know the Employee Benefit Services Administration (EBSA) is charged with protecting the rights of qualified plan participants. This mandate extends to those participants who terminated employment and still...

Long-Term Part-Time Employees

Written by Kristian Kananen & Christopher Tipper When ERISA was originally signed into law, qualified retirement plans were required to allow employees to become participants once they had completed 1 year of service in which they had completed 1,000 hours of...