CCL News

Your Newest Employee Benefit-Student Loan Debt Repayment Assistance

Your Newest Employee Benefit-Student Loan Debt Repayment Assistance By Marcie Carroll Student loan reimbursement programs are a fast growing employee benefit. Approximately 70 percent of 2016 college graduates have student loans with an average balance of $37,000.¹ The Society for Human Resource Management reports that while only about 3 percent of employers offer this benefit, interest among employers is growing…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. Published by Marcie Carroll 13 November 2017 Read paper → Sector Report: The Pressures of Financial Wellness – Workforce Magazine Shared by Shortlister www­.workforce­.com – For a lot of American workers, dealing with personal finances is a lot like the anxiety they feel about going to the…read more →

Plan Rules Verification from TIAA

You may receive a request from TIAA similar to the link below to log into the Plan Focus website to review and verify the plan provisions on their system. http://www.cclbenefits.com/wp-content/uploads/2017/11/Sample-Plan-Rules-Verification.pdf If we are restating your plan document, please forward the report to us so we can assist you on updating TIAA’s system during our plan document restatement call. Feel free…read more →

Are You Ready for an Audit?

Are You Ready for an Audit? By Marcie Carroll Several events can trigger a DOL or IRS audit, such as employee complaints or self-reporting under the annual submission of the Form 5500. Often times an audit is a random event, which is why you should always be prepared. Listed below are several key items typically requested in an initial letter…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. Published by Marcie Carroll 06 November 2017 Read paper → Tax Reform Should Encourage More Saving, Not Less Shared by NacionSinEstado reason­.com – Deniscristo/DreamstimeRepublicans want tax reform, but their refusal to cut spending forces them to look into all sorts of revenue raisers. Some are good, such…read more →

Company Stock and Fiduciary Considerations

Company Stock and Fiduciary Considerations By Marcie Carroll In recent years, there has been a substantial increase in litigation involving retirement plans that have invested in the stock of their sponsoring company. The only definitive way for plan fiduciaries to avoid liability with respect to plan investments in employer stock is to avoid such investments altogether. Nevertheless, many employers, believing…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. Published by Marcie Carroll 30 October 2017 Read paper → Market Beat: 401k contribution limits are increasing Shared by Kenneth Roberts www­.sierrasun­.com – The Internal Revenue Service recently announced that 401k retirement plan contribution limits will go up by $500 in 2018. They haven't been increased since…read more →

Do You Send Participant Notices via Email? Should you?

Do You Send Participant Notices via Email? Should you? By Marcie Carroll The number of notices and disclosures required to retirement plan participants has increased while methods to access information changed drastically. Many people receive their news and information on electronic devices through apps and social media. What remains the same is the Department of Labor’s (DOL’s) guidance about permissible…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. Published by Marcie Carroll 23 October 2017 Read paper → How Do 401k Plan Sponsors Feel About Tax Reform? – The 401(k) Specialist Shared by greenseeker 401kspecialistmag­.com – Go figure—employers with 401k plans don’t want contribution limits reduced. To pass a plan to lower taxes, Congress is…read more →