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.
IRS Proposal for Plan Forfeitures The IRS has proposed new regulations regarding the use of forfeitures by 401(k) plans to fund qualified non-elective contributions (QNECs) and qualified matching contributions (QMACs). Plan sponsors typically use QNECs and QMACs to correct testing … Read more
Establishing eligibility requirements for plan participation requires consideration of both the broad range of available options and the potential effects that different sets of eligibility requirements may have on hiring, retention, and administrative costs. Following is a brief overview of … Read more
The plan’s definition of “compensation” is important for many different aspects of plan administration — including elective deferrals, allocations, and discrimination testing. Plan sponsors need to be certain that the definition of compensation is properly applied. Failure to do so … Read more
When couples divorce, one spouse’s retirement benefits may be divided as part of a property settlement. Although federal law generally does not allow plan participants to assign or alienate their retirement plan interests, there is a limited exception. Retirement benefits … Read more