Every year it is important for 401(k) plan administrators to review the requirements for their plan’s operation. This annual review is a “best practice” that is often overlooked, but could save you time, money and headaches in the coming year. The IRS has published a very helpful checklist to help you […]
On November 3, 2011, the K Financial team delivered and served breakfast to homeless youth at the Urban Peak’s’ drop in center, “The Spot”. The mission of Urban Peak is to help homeless youth overcome their challenges and become self-sufficient adults by providing essential services and a supportive community. We served […]
Internal control improvements are often perceived as adding cost to an organization. In fact, the argument against some control improvements is that the cost to implement them outweighs the benefits they create. There are some control improvements, however, that have a high likelihood of generating true economic returns.
The Department of Labor (DOL) released information yesterday that underscores the importance of high-quality and effective audits of employee benefit plans. The DOL has filed a complaint in federal court seeking to restore over $400,000 to two benefit plans. The lawsuit alleges that the plans’ administrator failed to account for money […]
On August 4, 2011, the K Financial team hit the road at 3:15 AM to climb La Plata Peak, a 14,336 mountain in the Sawatch Range. We arrived at the trail head a little after 6 AM and began our adventure.
The K Financial team took 6 awesome kids from Mount Saint Vincent Home to a Rockies game on August 2, 2011. The Rocks did not do so well, but we had a great time with the kids. The K Financial Foundation set the kids up with Rockies ball caps and dinner […]
The K Financial Foundation sponsored Crazy Tee Shirt Day in Denver on July 21, 2011. The K Fi team set up a table in the Denver inner city and handed out tee shirts with fun pictures on them to try to brighten the day for a large group of our homeless […]
There are 2 new rules from the U.S. Department of Labor that all 401(k) plan administrators should be aware of. The first rule has been finalized and creates a requirement for fee disclosure to plan fiduciaries and participants. The second is a proposed rule to update the definition of fiduciary […]
On June 20, 2011 K Financial released an updated version of its enterprise risk management (ERM) software.
On June 14, 2011 the K Financial team helped brighten the day for 4 kids receiving kidney dialysis at Children’s Hospital.