The IRS has released Revenue Ruling 2025-15, which clarifies the federal tax withholding and reporting responsibilities of retirement plan administrators when a distribution check is issued but remains uncashed and a...more
7/18/2025
/ 401k ,
Employee Benefits ,
Employee Contributions ,
Federal Taxes ,
Income Taxes ,
IRS ,
Missing Plan Participants ,
Pensions ,
Reporting Requirements ,
Retirement Plan ,
Tax Legislation ,
Tax Returns ,
Taxation ,
Withholding Requirements ,
Withholding Tax
On January 14, 2025, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) announced significant updates to the VFCP. These changes, effective March 17, 2025, introduce a self-correction feature for...more
1/23/2025
/ Benefit Plan Sponsors ,
Department of Labor (DOL) ,
EBSA ,
Employee Benefits ,
Excise Tax ,
Fiduciary Duty ,
Final Rules ,
Internal Revenue Code (IRC) ,
Retirement Plan ,
Self-Correction Programs ,
Voluntary Fiduciary Compliance Program (VFCP)
On December 30, 2021, the Department of Labor (DOL) issued a temporary enforcement policy and guidance regarding group health plan service provider disclosures under section 408(b)(2) of the Employee Retirement Income...more