Recently, 17 large, higher-educational institutions have been sued by participants in their retirement plans for failure to properly provide oversight over the administration of those plans. The University of Chicago, one of the universities sued over retirement plans oversight, entered into a class action settlement for $6.5 million and changes to the University’s $3 billion
Confused about the different kinds of fiduciaries? You’re not alone. Not all fiduciary services are the same. NPPG Explains the Different Types of Fiduciaries and How to Find One That Fits Your Needs NPPG, VP of Fiduciary Services, Suzanne Miscik, was invited on stage by Ian Altman, B2B Sales Expert, keynote speaker at the 2018
As a way to differentiate themselves from the competition and enhance client retirement plan services, a growing number of advisors are promoting 3(16) plan administrator services. With such heightened awareness to ERISA fiduciary responsibility and liability, a professional partnership between 3(16) Plan Administrators and financial advisors can provide clients with a comprehensive retirement plan fiduciary
As businesses of all sizes explore providing high quality retirement plans as a differentiating factor to attract, secure and retain talent, many plan sponsors are in the dark about their responsibilities associated with offering such plans and how to protect themselves from the associated financial risks. Many plan sponsors ask themselves “What is a 3(16)
ERISA compliance for retirement plans is difficult to navigate and mistakes are costly for organizations who make errors, even when they are unintentional. Failure to comply with these complicated rules happen frequently, which could lead to crippling legal action, increased audit scrutiny from the Internal Revenue Service and Department of Labor leading to an expensive
Red Bank, N.J.- June 1, 2018 – Northeast Professional Planning Group, Inc., (NPPG) a leading independent ERISA fiduciary, full-service employee benefits, retirement planning, and actuarial consulting firm announces the appointment of Jim Brambilla as Defined Contribution Plan Administrator. Mr. Brambilla is a seasoned pension professional with over 20 years of solid retirement plan administration experience.
Staying up to speed with the evolving news on the Affordable Care Act (ACA) can be overwhelming; meeting employer annual ACA tax reporting requirements can feel like a full-time job. To help you stay up to date and manage ACA compliance for your organization, we’ve put together a few commonly asked questions many large employers
Red Bank, N.J.- May 10, 2018 – Northeast Professional Planning Group, Inc., (NPPG) a leading independent ERISA fiduciary, full-service employee benefits, retirement planning, and actuarial consulting firm announces the appointment of Patrick J. Carragher as Senior Vice President of Employee Benefits. Mr. Carragher, a 24-year industry veteran, is a high-caliber employee benefits professional with extensive
Horowitz to head NPPG-FS ERISA 3(16) Administrative Fiduciary Services Compliance Department Red Bank, N.J.- May 9, 2018 — NPPG Fiduciary Services LLC (NPPG-FS) a retirement plan compliance and fiduciary consulting group specializing in ERISA 3(16) Administrative Fiduciary services announces the appointment of Brian J. Horowitz, Esq. as ERISA counsel. Mr. Horowitz will head NPPG’s administrative
What Are Voluntary Employee Benefits? Voluntary employee benefits are insurance products added to employee’s core compensation and benefits packages through payroll deductions on a voluntary basis. This allows flexibility for employees to decide how to spend their discretionary income on additional products and services that fit their unique needs. Most plan sponsors know the importance
