Ben Lord | Albin, Randall and Bennett

Avoiding Common 401(k) Plan Missteps

Your company’s 401(k) benefit plan is a key incentive for attracting and retaining the employees responsible for maintaining (and increasing) your cash flow, customer relationships, and day-to-day operations. A 401(k) plan does, however, come with major responsibilities. Plan accuracy and compliance are critical for maintaining plan and company success.  A plan sponsor’s fiduciary obligations are

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The CARES Act: A Closer Look at Certain Provisions for Employee Benefit Plans

As we continue to weather the COVID-19 crisis, there’s hardly a single facet of American life left unchanged. The inner workings of employee benefit plans are no exception. Employers, plan sponsors, and plan administrators share the responsibility for understanding and either implementing and making plan amendments or opting out of certain plan provisions, as appropriate.

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ESOP Considerations for Construction Companies

Employee Stock Ownership Plans (ESOPs) have been on the rise since the Employee Retirement Income Security Act of 1974 (ERISA) set the foundation for the qualified retirement plan concept we encounter today. According to the National Center for Employee Ownership’s (NCEO) 2016 data, plan assets nationwide have reached $1.5 trillion, with 6,500 companies sponsoring ESOPs.

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