Strategic Benefits Advisors offers guidance for plan sponsors as they seek to comply with landmark SECURE 2.0 retirement legislationJanuary 5, 2023
SBA's approachable yet informative summary identifies the SECURE 2.0 provisions that will have the greatest impact on defined contribution (DC) plan sponsors now and for the next several years.
SBA commemorates 20 years of serving large and mid-sized employers’ benefits consulting needsApril 27, 2022
This month marks SBA's 20th anniversary. Since 2002, we have helped organizations in every sector of the North American economy navigate their toughest employee benefits challenges while reducing plan expenses and improving efficiency, compliance and the participant experience.
Plan sponsors should prepare for smooth sailing for ‘SECURE Act 2.0’ retirement reform billMay 19, 2021
A new retirement reform bill dubbed the 'SECURE Act 2.0,' currently under consideration by the House, contains provisions that are likely to affect a majority of retirement plan sponsors. Here's our rundown.
Chris Lorino returns to Strategic Benefits Advisors as defined benefit administration team leaderNovember 24, 2020
Lorino possesses 30 years’ experience providing benefits consulting, trust administration and relationship management services to DB and defined contribution (DC) plan providers.
Strategic Benefits Advisors urges 401(k) plan sponsors to review payroll procedures before year’s end to ensure SECURE Act readinessOctober 29, 2020
Starting January 1, 2021, plan sponsors must begin counting hours for part-time employees who work at least 500 hours a year. Employees who work 500 hours for three consecutive years must be offered the opportunity to participate in their organization’s 401(k) plan beginning in 2024.
Strategic Benefits Advisors makes list of Atlanta’s top employee benefits and compensation companies for second yearSeptember 30, 2020
For a second consecutive year, Strategic Benefits Advisors has been named to the Atlanta Business Chronicle’s list of the top 20 employee benefits and compensation companies in Atlanta.
New SBA service fills plan sponsors’ need for pandemic-friendly, cost-effective sourcing of third-party benefit service providersJune 10, 2020
Travel restrictions and budgetary constraints caused by the global coronavirus pandemic have led some plan sponsors to put vendor search projects on hold. SBA's Arm's-Length Vendor Search service helps organizations make informed vendor selections and meet their due diligence and fiduciary obligations without having to assess vendors in person.
SBA publishes guidance on which CARES Act provisions require immediate action by health and retirement plan sponsorsMarch 31, 2020
Plan sponsors will need to coordinate with healthcare providers immediately to begin complying with the law's mandatory provisions. While most retirement plan provisions are optional, they are nonetheless time-sensitive and call for coordination with the plan sponsor's recordkeeper and actuary.
UPDATE: Trump enacts biggest changes to employer-sponsored retirement plans in over a decadeDecember 23, 2019
The SECURE Act has been signed into law by President Trump. The law's provisions, most of which go into effect January 1, will affect the way DC and DB plans are administered in 2020 and beyond.
UPDATE: SECURE Act could be passed into law by week’s endDecember 19, 2019
Now poised to pass the Senate, the SECURE Act — as part of Congress's omnibus spending bill — could be inked by the President as soon as week's end. It represents the most significant retirement legislation in more than a decade.
UPDATE: Secure Act logjam shows no signs of immediate resolutionNovember 5, 2019
Passed by the House with a nearly unanimous margin of 417 yeas to 3 nays this June, and despite holding the consent of 97 of 100 senators, the SECURE ACT may not be passed by the Senate in 2019. Here's the latest.
Mary Shah named principal at Strategic Benefits AdvisorsFebruary 12, 2019
Strategic Benefits Advisors (SBA) today announced the appointment of retirement plan consultant Mary Shah as its newest principal. Shah’s promotion recognizes a track record of outstanding client service delivery and business development contributions since joining SBA.
Strategic Benefits Advisors promotes three consultants to director levelJanuary 15, 2019
Strategic Benefits Advisors (SBA) today announced the advancement of retirement plan consultants Kim Shumate, David Runsick and Harry Souder to the role of director. Shumate, Runsick and Souder, all experienced benefits consultants, were promoted in recognition of their sustained contributions to SBA.