Alerts
2009 Plan Limitations and Updates:
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Safe Harbor Rules for Employee Deposits:
On February 29, 2008, the Department of Labor (DOL) issued proposed regulations establishing a safe harbor for the timely deposit of employee contributions to small retirement, health and welfare plans.
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QDIA Information:
The Pension Protection Act of 2006 (PPA) created the Qualified Default Investment Alternative (QDIA) to provide protection for plan fiduciaries where participants fail to direct the investment of their accounts. The QDIA provides employers a safe harbor from fiduciary risk when selecting an investment for a participant or beneficiary who fails to elect their own investment. Employers following the QDIA regulations will have no legal liability for market fluctuations when providing a QDIA for employees who do not choose their own investments. New regulations setting forth the rules for QDIA’s are effective December 24, 2007.
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Nationwide Information:
Important Information Regarding Automatic Asset Restructure (AAR)
The current AAR must be deleted, then re-established when the future allocation mix is changed. Changing the future allocation will not automatically update the exsisting AAR.
Please contact our office for more details.
Securities offered through Securities America, Inc, member FINRA/SIPC, Bruce Rice, registered representative.
Securities America, Inc and Employee Incentive Plans, Inc are unaffiliated.
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