Resource Center - Page 3 of 11 - Noble Davis Consulting, Inc.

Hardship Withdrawal Amendments

November 2020

Back in July 2018, we wrote about how hardship withdrawals were going to be easier for participants starting in 2019. Amendments for this change are due December 31, 2021 but we are processing them now. To handle these amendments, we... Read more

Student Loan Match

November 2020

Retirement Plans

Many employees in today’s workforce find themselves with a large amount of student debt and the expense of paying down that debt can keep them from contributing to their retirement plan. In the face of this, employers are increasingly exploring... Read more

What Type of 401(k) Should Your Company Be Offering?

October 2020

Retirement Plans

When it comes to the world of finance, from the names to the numbers, it can be both intimidating and confusing. So, how do you decide what is right for you when it comes to investing in the future for... Read more

Force Out Distributions

September 2020

Distributions, Retirement Plans

These distributions are known by many names: force out distributions, mandatory cash out distributions, automatic rollovers, or involuntary distributions. Although they are known by different names, they all function the same way. A Plan Sponsor must automatically “cash-out” a participant’s... Read more

Updating Retirement Account Beneficiaries

September 2020

Beneficiaries, Retirement Plans

It’s a subject that many forget about, but have you checked who you’ve designated to inherit your retirement account recently? If not, you may find that your designated beneficiary is not who or what you think it should be. When... Read more

Profit Sharing Plans

September 2020

Retirement Plans

What can you do to keep your workforce satisfied? Experts admit that keeping personnel content can be difficult even in the best of economic times. Convincing them that they have a direct impact on the business, and making sure that... Read more

a young man puts on a protective mask with a filter

Preparing Your Workplace for a Post-Coronavirus Return to Work

September 2020

Coronavirus

The Coronavirus situation is dynamic on local and national levels alike, and laws pertaining to the re-opening of workplaces post-COVID-19 are changing rapidly. Fortunately, the White House’s “Guidelines for Opening Up America Again” and the US Department of Labor and... Read more

It’s Not Just About Salary

August 2020

Compensation

While the bottom-line figure for a new employee’s wage or salary is clearly always going to be important, it is increasingly clear workers are looking for more. Employees want to enjoy going to work – after all it is where... Read more

SECURE Act – Inclusion of Part Time Employees

August 2020

Retirement Plans

On December 20, 2019 the SECURE (Setting Every Community Up for Retirement Enhancement) Act was passed into law. One of the more significant parts of the new law is the requirement to allow long-term part-time (LTPT) employees the right to... Read more

New DOL Electronic Disclosure Rules

August 2020

Retirement Plans

The Department of Labor (DOL) recently issued electronic disclosure rules for retirement plans. The rules now allow the use of electronic disclosure as a default method of disclosure if certain conditions are met. In the past, paper notices and statements... Read more