Vesting refers to the ownership of your retirement account assets. When you make a salary deferral contribution to your account assets, the money is 100% ...
A Qualified Automatic Contribution Arrangement (QACA) combines automatic enrollment provisions with the IRS’ Safe Harbor provisions. Thus, QACA plans increase participation among employees while also making the plan exempt from certain nondiscrimination te... View Topic
For retirement plan purposes, you have until 8 ½ months after plan year-end (9/15 for a calendar year plan) to make the non-elective/profit-sharing contributions. You have until 12 months (12/31 for a calendar year plan) after plan year-end for safe-harbor... View Topic
Instructions Relating to the Forms & Documents Section of the Conversion Dashboard RPG Executed Agreement - Save a copy of the fully executed RPG contract for your records. Termination Letter(s) to Prior TPA/Recordkeeper - Termination letter(s) shoul... View Topic
Unlike a Plan with daily recordkeeping, annual valuation plans calculate each participant’s share of the total account balance only once a year. Distribution requests received by 12/31 of a specific year can only be processed after that year’s work is comp... View Topic
The Employee Retirement Income Security Act of 1974 (ERISA) section 404(c) offers plan sponsors and other fiduciaries protection from liability for losses resulting from participants’ direction of their investments. To take advantage of ERISA 404(c), the... View Topic
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 $5,000, and you do not req... View Topic
PenChecks Trust is the largest independent provider of retirement plan distribution services, including benefit payments processing, setting up and maintaining Default IRA’s, finding missing participants, handling uncashed checks, and more. Automatic r... View Topic
Your investment elections govern how upcoming contribution dollars (not yet in your account) will be invested in your account upon arrival. Your investment allocations govern how existing assets in your account are invested and can be changed by submitting... View Topic
The claim that 401(k) loans are subject to double taxation is a persistent myth that has been perpetuated by many personal finance commenters. They point to the fact that 401(k) loans are repaid with after-tax dollars and that the repaid retirement assets... View Topic
