Author Archive | Eric Hwang

October 2016

Keeping Abreast of Plan Loan Rules October 2016 Newsletter Introduction Background Loan Requirements    Plan Document    Loan Policy    Maximum and Minimum Amounts    Number of Loans    Interest Rate    Amortization    Other Repayment Terms    Documentation Conclusion If you have a 401(k) plan, you’ve likely had participants ask about taking loans from […]

Continue Reading

August 2016

DOL Issues New Fiduciary Rule August 2016 Newsletter Introduction Background Activities Considered Investment Advice Advice Provider Relationship Activities not Considered Investment Advice     Providing an Investment Platform for Directed Investment     Selection and Monitoring Assistance for Plan Fiduciaries     Investment Education     Advice Provided by Employees     General Communications Best Interest Contract (BIC) Exemption What […]

Continue Reading

Economic Group Pension Services to Merge with San Diego’s Premier TPA Firm SMI Pensions

San Diego – Economic Group Pension Services (EGPS) has acquired SMI Pensions to strengthen their clients’ needs on a national level.  The acquisition was effective July 25, 2016. Established in 1982, SMI Pensions specializes in the design and administration of qualified retirement plans.  SMI Pensions serves clients with 401(k) plans, municipal plans, small employer retirement […]

Continue Reading

June 2016

Fun with Forfeitures June 2016 Newsletter Introduction What is a forfeiture? What isn’t a forfeiture? When do forfeitures occur?     When is a distribution “complete”?     What is a one-year break in service? How are forfeitures used? Can forfeitures be reinstated? When must forfeitures be used? What can I do to get this right? Sooner […]

Continue Reading

SMI at the Annual SpeakUp 5k Series

The SpeakUp5K Series came back to the West Coast for a second round of fun!  SMI Pensions sponsored a team of 20 runners on Sunday, April 17th  at Embarcadero Marina Park South in San Diego, California. SMI Pensions employees and youth from the Junior Mavericks running club participated in the family-friendly fun run.  We  helped raise awareness for adolescent/teenage anxiety and depression.  See Cameron Gallagher’s […]

Continue Reading

April 2016

A Fresh Look at Your Form 5500 Filing April 2016 Newsletter Introduction How is the Form 5500 Data Utilized? Which plans are considered “small”? Which plans need an accountant’s audit? What is the due date for filing the Form 5500? What’s new on the 2015 Form 5500?    What information was the IRS attempting to […]

Continue Reading

February 2016

Part-Time Employees in 401(k) Plans February 2016 Newsletter Introduction Minimum Age and Service Requirements Entry Date Effect of a Short Service Requirement Excluding Classes of Employees Excluding Part-Time Employees with a Fail Safe Provision Service Requirements for Employer Contributions Impact on ADP and ACP Tests Making Excluded Participants Whole Conclusion More and more businesses are […]

Continue Reading