Retirement Plan Solutions - Fall 2016

Posted on in category Newsletter

Principal’s Letter

Dear Colleague:

Cyberattacks—attempts by criminals to exploit computer systems to steal information or identities—have risen substantially over the past 16 years. The 401(k) market is not immune to cybercrimes, as the trillions of dollars invested in retirement plan accounts have enticed criminals. In this issue we take a look at the potential for security breaches from multiple vantage points as well as some best practices in terms of prevention.

Over the past several years, 401(k) participants have increased their overall allocation to balanced funds including target date, asset allocation and hybrid funds. In this article, we take a look at the primary factors driving this increase.

Enhanced Department of Labor and IRS examination programs are now in place to review the activities and operations of qualified retirement plans and their fiduciaries. We take a look at the areas of focus when it comes to examinations and recommend steps to take in preparation for an examination.

In Tax Talk, we update you on important upcoming compliance deadlines for defined contribution plans while in ABG News we highlight the latest news from Spectrum Pension Consultants and REDW.

We hope you find this issue informative and useful as we approach year end and plan for 2017. As always, your ABG representative is available to answer any questions or comments you may have.


Carol M. Cochran
Carol M. Cochran, CPA/PFS, CEBS, CMA, CMS, THRP, CFC
ABG Southwest