CCL News

A Look At Plan Loans

A recent survey of defined contribution plans shed light on the effect of plan loans on participants’ account balances.  The survey revealed that the average outstanding loan balance represented approximately one-fifth of a participant’s account.  The survey zeroed in on a major issue with plan loans, which is loan default. A loan default occurs when a participant terminates employment with…read more →


For the past few months, various online articles and ERISA blogs have been discussing the Internal Revenue Service’s (“IRS”) revocation of Cathedral Healthcare System Inc.’s (“Cathedral”) church plan status. Cathedral was a hospital located in Orange, NJ that shutdown its operations in 2004. Cathedral sponsored a defined benefit plan that was previously insured by the Pension Benefit Guaranty Corporation (“PBGC”)…read more →


The United States Supreme recently ruled in United States v. Windsor that Section 3 of the Defense of Marriage Act (“DOMA”) is unconstitutional. This section of the act defined “marriage” for purposes of federal law to mean only a legal union between one man and one woman and the term “spouse” to mean only a person of the opposite sex…read more →

Carroll Consultants Welcomes Richard C. Ritzer Jr., CFP®

Carroll Consultants, Ltd. (CCL) is proud to announce and welcome Richard C. Ritzer Jr., CFP®. Prior to joining CCL, Rich worked at The Vanguard Group as an Investment Consultant where he specialized in retirement planning and income strategies in addition to client relationship management.  Rich has always had a strong passion for financial services and building relationships based on integrity,…read more →

Did You Recently Receive A Form 8955-SSA Penalty Notice?

If the answer to this question is “yes,” then you may be among the 4,000 plan sponsors who recently received the erroneous Form 8955-SSA penalty notice from the Internal Revenue Service (IRS).   IRS typically sends these notices for late-filed or incomplete Form 8955-SSA.  Carroll Consultants, Ltd. (CCL) reached out to the IRS and the agency confirmed that these notices…read more →

One-Time Re-Set of the Deadline for Comparative Chart Disclosure

On July 22, 2013, the United States Department of Labor- Employee Benefits Security Administration (“DOL”) announced a one-time “re-set” of the timing for the disclosure of the comparative chart of plan investment options.  As part of the final regulations on fee disclosures, plan administrators of an individual account plan, such as a 401(k) or 403(b) plan that allow participants to…read more →

457(b) Plans

A 457(b) plan is a type of deferred compensation arrangement used for retirement planning. 457(b) plans are becoming increasingly popular and many eligible employers are establishing these plans because they provide additional avenues for retirement savings as the limits on deferrals are not tied to the limits imposed on 401(k) and Time(test overtone my was college admission essay writing services…read more →

Knock Knock. Who Is It? Its Me, DOL

The United States Department of Labor (DOL) is the federal government agency responsible for administering Title I of the Employee Retirement Income Security Act of 1974 (ERISA). ERISA grants DOL authority to conduct investigation of all pension and welfare plans subject to ERISA. The Employee Benefit Security Administration (EBSA) is the arm of the DOL that performs these investigations. A…read more →

It’s Participant Fee Disclosure Time Again!

By Carroll Consultants, Ltd. To help participants make informed investment decisions, the IRS and DOL requires that plan participants receive sufficient information regarding their retirement plan and available investment alternatives.  Beginning last year, Plan Sponsors were required to provide this information in the form of the annual Participant Fee Disclosure.   What Information is included in the Participant Fee Disclosure?…read more →