Quarterly Insight

View this article as a PDF.

Legislative News and Updates
Department of Labor issues cybersecurity best practices: For the first time ever, the Department of Labor has issued cybersecurity guidance for the retirement financial industry. For an outline of best practices as outlined by the Employee Benefits Security Administration, click here.

Important Deadlines: June 30: Deadline for processing corrective distributions for failed ADP/ACP test from plan with EACA without 10% excise tax. July 29: Deadline for sending Summary of Material Modification (210 days after end of plan year in which the amendment was adopted). August 2: Deadline for filing Form 5500 (without extension). Deadline for filing Form 5558 to request automatic extension of time to file Form 5500 (21 ⁄2 months). Deadline for filing Form 5330 used to report and pay excise taxes on prohibited transactions and excess 401(k) plan contributions that occurred in prior year.

Note: Not all deadlines mentioned above are required for each retirement program. Ask your Alliant Retirement Consultant today which ones apply to your Plan.

Click here for the 2021 ERISA Plan Compliance Calendar.

Participant News
Make planning for retirement easier to understand – “Employees need to be taught how to manage finances and save for the future before being advised on how to create an income stream in retirement.” For tips on education ideas, click here.

Alliant Retirement Consulting – In the News
Alliant Retirement Consulting has been named a 2020 Top DC Advisor for Multi-Office Firm by the National Association of Plan Advisors (NAPA). For more information on this honor, click here.

Financially Speaking
Each month we host a webinar design to improve participant’s financial literacy and encourage financial wellness. To be added to the subscription list, click here.

For a replay of the prior events:
Raising Financially Aware Kids – Password: uZVWYgW7
Protecting What Matters Most – Life Insurance Basics – Password: Life@101


  • May 20: Cryptocurrencies – the what and the why
  • June 24: Student Debt tools and management strategies
  • July 22: Home Buying Basics

Invitations will be sent to Plan Sponsors for distribution to your staff.

Hear from our Partners
Historically, the insurance industry embraced change at a conservative pace. Spurred in part by the pandemic, the industry has made great efforts to adopt technology. However, there are downsides to these developments that you should know about. Here is a quick educational article about how new technology might influence risk management.


For Informational Purposes Only. Not intended as Legal or Tax advice.

Advisory Services offered through Alliant Retirement Consulting, a federally Registered Investment Advisor.

To opt-out of this email newsletter distribution, simply reply ‘OPT OUT’ to the sender.