Compliance | December 7th, 2023 SECURE 2.0 Corrections Drafted by Congress The bill will likely have to be added to a budget bill early in 2024 to pass.
Compliance | November 30th, 2023 Plan Sponsors Get Clarity and Some New Questions in IRS Part-Time Eligibility Rules The post-Thanksgiving rule proposal will require a close look and potential plan design changes in the coming weeks for employers...
Compliance | November 22nd, 2023 Cornell Ruling Widens Circuit Court Split on ERISA Fiduciary Question Appellate courts have different interpretation of prohibited transaction rules under the Employee Retirement Income Security Act, paving the way for...
Data and Research | November 21st, 2023 Pooled Plans Demonstrate Benefits for Higher Education Plan Sponsors Higher education plan sponsors cited lower costs and fewer administrative responsibilities as reasons to join a pooled retirement plan solution,...
Ask the Experts | November 14th, 2023 How Does the New Determination Letter Program for 403(b) Plans Work? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Ask the Experts | November 7th, 2023 When Do Rehired Employees Qualify for Employer Contributions? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Ask the Experts | October 31st, 2023 Who Gets to Set the Year for Section 415 Limit Purposes? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Ask the Experts | October 24th, 2023 Do 403(b) Plan Sponsors Have to Recover Small Overcontributions? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Ask the Experts | October 3rd, 2023 How Are Small Plan Participant-Counting Rules Changing For 2024 Reporting? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Ask the Experts | September 19th, 2023 Is Retroactive Pay Included as Compensation for Plan Purposes? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Administration | August 28th, 2023 Extension on Catch-Up Contribution Requirement Comes as Relief to Plan Sponsors The IRS announced last week that plan sponsors have an additional two years to implement the mandatory Roth catch-up provision...
Ask the Experts | August 1st, 2023 When Can Creditors Make a Claim Against a Retirement Account? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Administration | July 28th, 2023 Voya Financial Launches 403(b) PEP Beginning August 1, Voya will bring what it is calling the very first pooled employer plan to employees of large...
Ask the Experts | July 18th, 2023 Can Participants Access Annuities if They Are Not Offered by the Plan? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Compliance | July 13th, 2023 403(b) Suit Against Wake Forest Health Center Settled for $3.8M Settlement comes about two years after initial complaint of fiduciary negligence and excessive fees.
Administration | July 12th, 2023 IRI Presses White House to Back Further Retirement Policy on Annuities An insurance advocacy group follows up 2023 legislative plans with a push for policies that increase the use of retirement...
Ask the Experts | July 11th, 2023 When Can Participants Make Tax-Free Withdrawals of Roth Assets? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Compliance | June 29th, 2023 Jury Delivers Win To Yale With 403(b) Lawsuit Verdict A jury decided almost entirely in the university’s favor in the nearly seven-year lawsuit.
Investing | June 29th, 2023 Fidelity to Convert More Than $13B of Mutual Funds to ETFs The Fidelity small cap enhanced index fund was included in nearly 100 defined contribution plans, according to Form 5500 filings....
Administration | June 28th, 2023 PSNC 2023: Addressing In-Plan Annuity Reluctance Employers are reluctant to incorporate annuities in-plan because they don’t feel the best options have come to market yet.