Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 2nd, 2016
Benefits & Administration
Small Businesses Buy Into Safe Harbor 401(k) Plan Design
Eric Droblyen, president and COO of Employee Fiduciary, studied the 2,767 small business 401(k) plans for which the firm provides Employee Retirement Income Security Act (ERISA) compliance services and found 68% of plans use a safe harbor 401(k) plan design to avoid annual ADP/ACP and top heavy nondiscrimination testing. The analysis reveals other plan design features among small business 401(k)s.Read more >
HSA Usage Continues Growth
Data from the Employee Benefit Research Institute’s (EBRI)’s health savings account (HSA) database shows nearly 30% of employers offered an HSA-eligible health plan in 2015. HSAs with investments had higher account balances than those that do not offer investments.Read more >