As 2021 winds down, retirement plan sponsors should confirm that their plan documents are amended by December 31, 2021, to comply with certain plan changes:
• Hardship Distributions. 401(k) plans and 403(b) plans must be...more
12/15/2021
/ American Rescue Plan Act of 2021 ,
Benefit Plan Sponsors ,
CARES Act ,
Collective Bargaining Agreements (CBA) ,
Corporate Counsel ,
Deadlines ,
Discretionary Clauses ,
Employee Benefits ,
Hardship Distributions ,
PBGC ,
Retirement Plan ,
SECURE Act ,
Year-End Planning
As described in a prior blog post, last spring the Department of Labor and the Department of the Treasury (Agencies) issued COVID-19 pandemic relief that extended numerous deadlines under ERISA and the Internal Revenue Code...more
3/2/2021
/ Benefit Plan Sponsors ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Filing Deadlines ,
Health and Welfare Plans ,
Internal Revenue Code (IRC) ,
IRS ,
Relief Measures ,
Retirement Plan ,
Time Extensions ,
U.S. Treasury
In July 2020, the Government Accountability Office (GAO) prepared a report for the Ranking Member of the Senate Committee on Health, Education, Labor and Pensions about Qualified Domestic Relations Orders (QDROs). QDROs are...more
On April 28, 2020, the U.S. Department of Labor (DOL) and the Internal Revenue Service issued a new final rule and additional guidance that together extend numerous deadlines under ERISA and the Internal Revenue Code (Code)...more
As of March 20, 2020, there has been no legislation or IRS guidance allowing plan sponsors to permit cafeteria plan participants to make COVID-19 related mid-year election changes, other than those which also meet the current...more
Since the end of the IRS’s cyclical determination letter program for individually designed retirement plans in 2017, plan sponsors have been able to request favorable determination letters for individually designed plans only...more
5/20/2019
/ 401k ,
Benefit Plan Sponsors ,
Determination Letter ,
Employee Benefits ,
Filing Deadlines ,
Filing Requirements ,
Hybrid Plan ,
IRS ,
Mergers ,
Public Comment ,
Qualified Retirement Plans ,
Retirement Plan ,
Revenue Procedures ,
Sanctions ,
Voluntary Correction Program