Summary -
The U.S. Supreme Court this week unanimously decided an ERISA fiduciary duty case, Hughes v. Northwestern University, which will impact dozens of similar cases currently pending against fiduciaries of section...more
1/27/2022
/ 401k ,
403(b) Plans ,
Breach of Duty ,
Duty of Prudence ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Hughes v. Northwestern University ,
Plan Participants ,
Retirement Plan ,
SCOTUS ,
Tibble v Edison Int
The IRS has released Notice 2020-50, which provides guidance to employers that have amended their retirement plans to take advantage of provisions under the CARES Act that provide access to special plan distributions, known...more
6/26/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Distribution Rules ,
Employee Benefits ,
Federal Loans ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Retirement Plan ,
Safe Harbors ,
SBA Lending Programs
On May 27, 2020, the United States Department of Labor (DOL) published its highly-anticipated Default Electronic Disclosures by Employee Pension Benefit Plans Under ERISA Final Rule (the E-Disclosure Final Rule), which...more
The Internal Revenue Service has issued frequently asked questions (FAQs) clarifying the special distribution options and loan relief provisions applicable to eligible retirement plans and IRAs found in section 2202 of the...more
The Internal Revenue Service has issued Notice 2020-23, which automatically postpones certain deadlines affecting employee benefit plans. Specifically, any deadline that would ordinarily fall on or after April 1, 2020,...more
4/18/2020
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Deadlines ,
Deferred Action ,
Defined Contribution Plans ,
Employee Benefits ,
ESOP ,
Form 5500 ,
IRA Rollovers ,
IRC Section 83(b) ,
PBGC ,
Premiums ,
Relief Measures ,
Repayment Options ,
Retirement Plan
The U. S. Department of the Treasury recently issued final regulations governing hardship distributions from 401(k) and 403(b) retirement savings plans....more
10/1/2019
/ 401k ,
403(b) Plans ,
Employee Benefits ,
Employee Contributions ,
Final Rules ,
Hardship Distributions ,
IRS ,
New Regulations ,
QMAC ,
QNEC ,
Retirement Plan ,
Tax Deferral ,
U.S. Treasury
This week, the U.S. Department of Labor (DOL) published its highly anticipated Final Rule, which allows working owners with no employees and companies in unrelated industries to band together to create a single defined...more