ERISA attorneys, Certified Financial Planners, Qualified Pension Administrators and other industry experts help you stay current with regulatory changes and industry trends that affect retirement plans.
Cure Periods for Plan Loans The IRS recently provided guidance on curing missed plan loan installment payments. Using two examples, the guidance illustrates how a participant may cure prior defaults — and avoid a deemed distribution — by making late … Read more
A small plan (generally, one with fewer than 100 plan participants at the beginning of the plan year) may obtain a waiver of the audit requirement generally applicable to qualified plans. Following is an overview of the requirements. Qualifying Plan … Read more
Recent legislation* affords various tax-related and other forms of relief to victims of Hurricanes Harvey, Irma, or Maria. Included in the legislation are provisions designed to provide affected plan participants with both greater access to their retirement funds and potential … Read more
The Roth 401(k) option is becoming increasingly popular with plan sponsors. According to the 58th Annual Survey of Profit Sharing and 401(k) Plans from the Plan Sponsor Council of America, 57.9% of 401(k) plans offered Roth 401(k) deferrals in 2014 … Read more