At Robin S. Weingast and Associates, we believe that a critical component of client service is making relevant knowledge readily available and then working with you to ensure that you understand how the latest insights apply to your needs and goals.
The Robin S. Weingast and Associates team is always on the cutting edge of the ever-changing laws. We are informed about the latest regulations, legislation, and deadlines that impact your business. Click here for the information you Need to Know to stay ahead.
Every month, the Robin S. Weingast and Associates team will showcase a resource that meets your needs and that can help you achieve your business goals. Every resource is available for you to download, and we’ll feature the resource each month on our Need to Know Blog. Click here for the entire series.
Robin S. Weingast and Associates offers comprehensive guides on Retirement Planning, Business Benefits Planning, and Estate Planning. These guides are designed to give you the information you need to make sound decisions for yourself, your employees, and your company. Please contact Robin S. Weingast and Associates for a complimentary copy of our three guides. The Robin S. Weingast and Associates team can even walk you through each guide to answer any questions you have about the information in them.
After careful analysis, Robin S. Weingast and Associates will make recommendations for each retirement plan lineup that are tailored to fit your company’s unique needs. We will present you with a selection of options drawn exclusively from well-known, reputable providers who meet our stringent standards. Click the links below to visit the Plan Sponsor, and in some cases, Participant Web sites of the pension services platforms we offer. In some cases, you will need to input the username and password following each link for access, as indicated.
Mass Mutual Plan Sponsor Web Site
Retirement Services’ exceptional internet technology, fully integrated with our industry-leading recordkeeping system, simplifies life for you, plan sponsors and participants. See for yourself by trying our online demo of the Total Retirement Center, our Plan Sponsor web site and RetireSmartSM, our participant web site.
Demo web address: http://www.massmutualrsdemo.
User ID: retire | Password: allocate
John Hancock Participant Web Site
Sample User ID: east02 Sample Password: Jh@12345
John Hancock Plan Sponsor Web Site
Sample User ID: JHWebsite Sample Password: 12345
American Funds Participant Web site
American Funds Plan Sponsor Web site
ING Plan Sponsor Web site
Empower Retirement Participant and Plan Sponsor Web Site
ERISA mandates qualified plans be covered by a fidelity bond. The minimum bond amounts required must be for a least 10% of plan assets as of the beginning of the plan year plus the anticipated contribution for the plan year or $1,000, whichever is greater. The maximum bond required is generally $500,000.
Every administrator, officer, and employee of any plan who handles funds or other property of such plan must be bonded. The bond protects the plan against loss “by reason of acts of fraud or dishonesty” on the part of an administrator, officer, or employee.
Fiduciary Liability Insurance
Fiduciaries have important responsibilities and are subject to standards of conduct because they act on behalf of participants in a retirement plan and their beneficiaries. With the additional focus on fiduciaries and their responsibilities for ERISA plans, many employers are discussing fiduciary liability insurance.
ERISA section 410 allows a plan to purchase insurance for its fiduciaries or for itself covering losses occurring from fiduciary breach.
Learn More: Why do I need Fiduciary Liability Insurance?”
We have partnered with Colonial Surety Company, a leading provider of ERISA/Pension Fidelity Bonds. They are a national insurance company registered in all 50 states and all U.S. territories, providing insurance products since 1930. They are the largest direct seller of ERISA/Pension Fidelity Bonds in the U.S. Just click on one of their links below to get a quote or apply online for immediate online issuance of a fidelity bond.
Robin S. Weingast & Associates, Inc. subscribes to four online newsletters that can help you stay informed on current economic and investment news. Find them here.