Earlier this year, the Department of Labor (DOL) updated the prohibited transaction exemption for Qualified Professional Asset Managers, often referred to as the “QPAM exemption.” Included in the update is a new requirement...more
The SECURE 2.0 Act of 2022 (SECURE 2.0) significantly changes the legal and administrative compliance landscape for U.S. retirement plans. Foley & Lardner LLP is authoring a series of articles that take a “deep dive” into key...more
9/21/2023
/ 403(b) Plans ,
Benefit Plan Sponsors ,
Department of Labor (DOL) ,
Employee Contributions ,
Employer Contributions ,
EPCRS ,
Internal Revenue Code (IRC) ,
IRS ,
Part-Time Employees ,
Retirement Plan ,
Roth IRA ,
SECURE Act ,
Self-Correction Programs
To help employers properly administer their 401(k) plans, in 2022, Foley & Lardner LLP is authoring a series of monthly “401(k) Compliance Check” newsletters. This article discusses some of the policies that are important for...more
7/20/2022
/ 401k ,
Audits ,
Compensation ,
Compliance ,
Cybersecurity ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Internal Revenue Code (IRC) ,
Investment Policy Statements ,
Loans ,
New Guidance ,
QDRO