by Taylor Brown | Jun 28, 2023 | Hot Topics
Under Department of Labor (DOL) regulations, most retirement plans need to maintain a fidelity or surety bond. A fidelity bond protects the assets in the plan from misuse or misappropriation by the plan fiduciaries. Plan fiduciaries include the plan trustees and any...
by Taylor Brown | Jun 27, 2023 | Hot Topics
The matter of timely deposits is a key compliance issue regarding a company’s 401(k) plan. Plan sponsors have a fiduciary responsibility to deposit participant contributions in a timely manner—and act in the participants’ best interests. The IRS deems late deposits as...
