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![2022 – An Ideal Time to Review Plan Design](https://www.greatlakespension.com/wp-content/uploads/2022Winter-AnIdealTimetoReviewPlanDesign.png)
2022 – An Ideal Time to Review Plan Design
Each year, those in the retirement community collect, analyze and calculate data to ensure plan compliance with the laws that govern qualified retirement plans. The calendar of deadlines repeats each year, challenging plan sponsors and service providers to focus on the current plan…
![The MEP/PEP Debate: Are We Better Together?](https://www.greatlakespension.com/wp-content/uploads/2021Winter-IstherePandemicReliefforLateDeposits.jpg)
The MEP/PEP Debate: Are We Better Together?
When we talk about retirement plans, many employers think of single employer retirement plans. A single employer retirement plan is simply a plan sponsored by one employer (or a related group of employers) for the benefit of its employees. In contrast, a multiple employer plan (MEP) is a…
![Save More for Retirement in 2022](https://www.greatlakespension.com/wp-content/uploads/2021Spring-Congradulationsitsaretirementplan.png)
Save More for Retirement in 2022
On November 4, 2021, the IRS announced the Cost of Living Adjustments affecting the dollar limitations for retirement plans for 2022. In October, the Social Security Administration announced a benefit increase of 5.9%, the largest increase in nearly 40 years. Following suit, many…
![Missing Participants: Ready or Not, Here I Come!](https://www.greatlakespension.com/wp-content/uploads/2021Winter-TheMEPPEPDebateAreWeBetterTogether.jpg)
Missing Participants: Ready or Not, Here I Come!
Most plan sponsors can relate to the trials and tribulations of having missing participants in their retirement plan. At times, it may feel like you are on the losing end of an intense game of hide-and-seek. Your opponents, the missing participants, may not have intended to pick…
![Retirement Planning is a Team Sport](https://www.greatlakespension.com/wp-content/uploads/2021Spring-RetirementPlanningisaTeamSport.png)
Retirement Planning is a Team Sport
Some would say that retirement plan administration is a team sport! Putting together technical and compliance competence with ongoing investment and fiduciary expertise is key to keeping your plan healthy and participants happy. So, what roles and responsibilities should you look to fill…
![How the SECURE Act is Changing Retirement](https://www.greatlakespension.com/wp-content/uploads/2020Winter-TheSECUREAct.png)
How the SECURE Act is Changing Retirement
The SECURE Act represents some of the most significant changes to retirement plan law since the passage of the Pension Protection Act of 2006, over thirteen years ago. The provisions of the Act are broad ranging and span many different…
![Understanding the CARES Act](https://www.greatlakespension.com/wp-content/uploads/2020Fall-CARESActUpdate.png)
Understanding the CARES Act
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a massive relief bill for those suffering as a result of the Coronavirus pandemic, was signed into law. Besides the generalized financial relief afforded to individuals, as well as loans and other concessions for businesses, the bill includes the following provisions to help…