What's New

• Thursday, August 19, 2010

  What Employees Should Know About Distributions

  When cash is tight and all other options are exhausted, we start to look to our retirement plan account for a distribution.  Keep in mind the purpose of your retirement plan account - to provide you with a safety net at retirement.  That is why we generally do no suggest taking an early distribution from your account, but understand that sometimes it is necessary. 
   
  Click here to learn more about what it means to take a distribution.

• Wednesday, July 14, 2010

  An Introduction to QDROs

  The U.S. Department of Labor (DOL) has recently issued final regulations pursuant to section 1001 of the Pension Protection Act of 2006 concerning the timing of qualified domestic relations orders (QDROs). In recognition of this event, we will be having guest attorney, Bruce K. Leigh, prepare a few brief articles on QDROs to inform you, as Plan Sponsors and Administrators, about QDROs and your responsibility in handling QDROs.
   
  Click here to read An Introduction to QDROs for Plan Sponsors and Administrators.

• Thursday, June 24, 2010

  The Magic of ESOP

  Are you familiar with the unique tax advantaged way ESOPs offer to transition ownership from an existing shareholder to employees of a company?  The existing shareholder may remain an active member of the company and even continue to manage the firm after the transaction. 
   
  To learn more about ESOPs, including how contributions are made and how the ESOP buys stock from existing shareholders, click here.