Reporting Requirements, SECURE Act, Employee Retirement Income Security Act (ERISA)

Roth Catch-Up Chaos is coming

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 7/30/2025

Plan sponsors and recordkeepers let out a collective sigh of relief when the Roth catch-up contribution requirement under SECURE 2.0 was delayed until 2026. And for good reason—this rule, though well-intentioned, brings with...more

DOL Clarifies Annual Funding Notice Requirements and Updates Model Notices

Patterson Belknap Webb & Tyler LLP on 4/16/2025

On April 3, 2025, the U.S. Department of Labor (the “DOL”) issued Field Assistance Bulletin 2025-02 (the “Bulletin”), clarifying the annual funding notice requirements applicable to defined benefit pension plans under section...more

The DOL Lost and Found Database is Live

Bricker Graydon LLP on 4/11/2025

Late last year, the Department of Labor (DOL) launched the public Retirement Savings Lost and Found Database. Created as part of SECURE 2.0, the DOL hopes that the database will serve as a centralized location to help missing...more

2021: The Year Ahead For Employers

Jackson Lewis P.C. on 1/13/2021

In 2020, COVID-19 collided with a presidential election, forever altering the workplace as we knew it. In 2021 employers are faced with reimagining the employer/employee relationship while simultaneously trying to keep pace...more

Up, Up and Away: 2020 Increased Penalties for Employee Benefit Plans

McDermott Will & Schulte on 1/31/2020

For 2020, legislation enacted in December of 2019 dramatically increases penalties imposed by the Internal Revenue Code (the Code) for late filing of certain employee benefit plan notices and reports. In addition, a final...more

Round One of SECURE Act Guidance – IRA Reporting Relief for 2020 MRDs

Groom Law Group, Chartered on 1/30/2020

IRA providers were concerned with not being able to “stop the presses” when it came to notices being provided in January to IRA owners regarding the need to take 2020 minimum required distributions (“MRDs”)....more