We understand that running an automotive supplier business involves more than just industry-specific issues. That's why we regularly provide important insights and tips on broader legal trends to help you navigate challenges...more
Recent developments spotlight issues with forfeiture and other unallocated accounts in defined contribution retirement plans, such as 401(k) plans:
•The IRS has set the deadline for plan forfeiture use.
•Participants in...more
The IRS has announced increased annual limits for retirement and other benefit plans for 2024. While the increases for 2024 are smaller than we’ve seen in prior years, they still may have a significant impact on plans and...more
11/10/2023
/ Affordable Care Act ,
Defined Contribution Plans ,
Employee Benefits ,
ESOP ,
FSA ,
HSA ,
IRS ,
Qualified Benefit Plans ,
Qualified Health Plans ,
Retirement ,
Retirement Plan
The U.S. Department of the Treasury has recently proposed new regulations that clarify when and for what purposes defined contribution plans — such as 401(k) plans — may use forfeitures. These regulations are proposed to...more