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.
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
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.
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.
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.
Strategic Benefits Advisors (SBA) has hired veteran retirement plans leader Leslie Olds for the role of senior benefits consultant. A retirement benefits consultant of 28 years, Olds will advise SBA’s plan sponsor clients on managing all aspects of their broad-based and executive retirement programs.
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 (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.
Strategic Benefits Advisors (SBA) today announced the appointment of Lesley Posey to the position of benefits consultant. In this role, Posey will provide pension and retiree medical plan sponsors with a full array of actuarial and strategic advisory services.