Popular Articles

111. Am I Fiduciary?

     Last Updated: 09/19/2018 in Fiduciary Advisory Services Advisory Services
     If you are asking the question then, most likely, yes. Knowing whether or not you are a fiduciary is imperative because you could be held personally liable for your acts associated with administering the plan—whether your acts or decisions were mad...

112. How do participants receive statements?

     Last Updated: 10/01/2018 in Retirement Plan Administration Frequently Asked Questions (FAQ) Participant Assistance FAQ
     Sentinel’s participant statement provides participants with a clear understanding of how much they need to save in order to stay on track for retirement. A personalized gap analysis outlines the difference between the amount of money a participant h...

113. How do I remove the small balances of terminated participants from the plan?

     Last Updated: 09/20/2019 in Retirement Plan Administration Frequently Asked Questions (FAQ) Loan and Distribution FAQ
     Mandatory distributions, also known as sweeps, are a great option for removing small balances from your plan and reducing your fees. Our automated process reviews your plan periodically for terminated participants with vested balances under your pla...

114. How does Automatic Enrollment work?

     Last Updated: 10/10/2018 in Retirement Plan Administration Frequently Asked Questions (FAQ) Compliance FAQ
     If the Plan Document includes an Automatic Enrollment provision, Sentinel will utilize the payroll file to help you manage automatic enrollment. Automatic Contribution Arrangement notices are integrated into Enrollment Kits. Automated notificatio...

115. Mergers, Acquisitions & Other Company Transactions

     Last Updated: 12/19/2022 in Retirement Plan Administration Plan Compliance
     Sentinel can play a vital role in making sure your company’s merger, acquisition or divestiture activity doesn’t lead to unintended consequences for your retirement plan.  It’s important to let your Plan Consultant know as soon as possible when you’...

116. American Rescue Plan Act

     Last Updated: 05/09/2023 in Reimbursement Accounts COVID-19 Resources
     The American Rescue Plan Act of 2021 (“American Rescue Plan” or “ARPA”) was approved by the House and Senate, and President Biden signed this bill into law on Thursday, March 11, 2021. The American Rescue Plan is the latest COVID-19 relief bill and ...

117. When must the initial notice be sent to covered employees and spouses?

     Last Updated: 10/17/2018 in COBRA General Information
     Group health plans must give each employee and each spouse of an employee who becomes covered under then plan a general notice describing COBRA rights.  The general notice must be provided within the first 90 days of coverage.   The Department of L...

118. Dental Insurance 101

     Last Updated: 09/18/2018 in Group Insurance Dental & Vision Insurance
     What Is Dental Coverage? Dental coverage is similar to regular medical insurance and is one of the voluntary benefit options commonly offered through employers. When you have dental insurance, you pay a premium and then your insurance will cover pa...

119. Updating Plan Bank Info for Reimbursement Accounts

     Last Updated: 01/04/2024 in Reimbursement Accounts Communicating with Sentinel
     To update your plan's bank information for ACH debits please complete one or both of the forms below and email to your account manager or FSAServiceTeam@sentinelgroup.com . If you prefer to complete these forms electronically, please contact your a...

120. Fidelity Bond and Fiduciary Liability Insurance, what is the difference and do I need it?

     Last Updated: 09/18/2018 in Fiduciary Advisory Services Advisory Services
     ERISA fidelity bond is a form of insurance that protects the plan against fraud, theft, and other deliberately fraudulent acts. ERISA mandates qualified plans be covered by a fidelity bond. The minimum bond amounts required must be for a least 10%...

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