Recent articles

• I am no longer with my Employer. What are my options?
  As long as the Plan is active, you have the option of keeping your assets in your former Employer's Retirement Plan. However, depending on your account balance, your former Employer may elect to force your account out of the Plan to an IRA in your name...
  View Topic
• When is the contribution deadline for employee contributions?
  The due dates for depositing employee 401(k) deferrals differ depending on whether the plan is classified as small or large under Department of Labor (DOL) rules.   Small Plan vs. Large Plan The distinction is based on the number of eligible participant...
  View Topic
• Is severance pay eligible compensation for 401(k) plans?
  Compensation paid after severance that is payable solely due to termination of employment (and not for services performed) is not eligible compensation for either employee deferrals or employer contributions in a 401(k) plan. Compensation earned during...
  View Topic
• Does the DOL require you to complete a benchmark review of your Retirement Plan?
  The Department of Labor does not require 401(k) plan sponsors to complete a formal fee benchmarking review. What ERISA requires is that fiduciaries act prudently and ensure that plan fees are reasonable for the services provided.   Some providers use “ma...
  View Topic
• Legacy PDF Forms
  For all participants who utilize the RPGFocus platform by accessing their account at RPGFocus Retirement Account Login for Plan Sponsors and Plan Participants (rpgconsultants.com): Your Plan is enabled for online withdrawal requests and it is recommend...
  View Topic
• Automatic IRA Rollovers/”Force-Outs” - Who is Penchecks Trust?
  RPG utilizes the services of PenChecks Trust as a distribution agent for Force Out distributions.  Following your separation from service, if the vested balance of your retirement account (excluding rollovers) does not exceed $7,000, and you do not req...
  View Topic
• SECURE Act 2.0 Automatic Enrollment Requirement
  The SECURE Act 2.0 introduces an automatic enrollment requirement for new 401(k) plans adopted after December 29, 2022. This requirement must be in place starting with plan years beginning after December 31, 2024. Here are the key details:   Initial Con...
  View Topic
• Can I take money out of my retirement account at any time?
  If you are currently employed by the Plan's Sponsor, your Plan provisions may allow for the following three withdrawal options (these are not available in all Plans, please review the Summary Plan Description for details on your Plan's withdrawa...
  View Topic
• Where can I get a distribution form?
  Your Plan is enabled for online distribution requests where you may initiate your account distribution/rollover from your Participant Portal and avoid having to complete and sign paper or PDF forms and attach supporting documentation. Log on to your Partic...
  View Topic
• Long-Term, Part-Time (LTPT) Employees
  In December 2019, Congress passed the SECURE Act which included a provision regarding Long-Term, Part-Time (LTPT) Employees and their eligibility for company-sponsored retirement plans.  This legislation – aimed at boosting retirement savings for part-time...
  View Topic