This topic will focus on complex ERISA Project Work, and on two topics specifically: QDRO documents and Controlled Group & Affiliated Service Group Regulations.
QDRO: Leading Retirement Solutions recently completed a QDRO for a well-known entrepreneur in the Seattle area. A QDRO memorializes with the court system, how a 401(k) account is divided in the event of a divorce. A QDRO is a legally intensive document that must be filed with the court and not many Third Party Administration firms do them.
Controlled Group & Affiliated Service Group Regulations: Leading Retirement Solutions recently performed a plan violation and correction project for a well-known clothing company headquartered in Seattle. They have completed a number of mergers and acquisitions over the last few years. The acquired companies sponsored retirement plans and no cross-testing was performed; some employees were excluded from certain benefits and more.