Benefits |
Alternatives to Cutting HSA Contributions
Considerations for plan sponsors that need to cut costs but would rather avoid taking away benefits.
Tag: coronavirus
Opinions |
COVID-19 Compliance Corner: How Are Coronavirus-Related Distributions Taxed?
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
Tips for When the QDRO Process Is Held Up
With court closures caused by the COVID-19 pandemic, plan sponsors may consider modifications to qualified domestic relations order processes.
Benefits |
Emergency Savings Post-COVID Will Be Viewed Differently
The retirement plan system has the infrastructure to get people started building emergency savings.
Products |
SAVVI Financial Offers Short-Term Financial Planning Tool
Planning Assistant is designed specifically for the COVID-19 crisis and takes into account the latest CARES Act rules and resources...
Heroes Act Now In the Hands of a Skeptical Senate
The Heroes Act, passed by a narrow majority in the House, includes union pension partition relief and a waiver for...
Partitions May Be the Union Pension Funding Crisis Solution
There is bipartisan support building around the idea of allowing the most stressed union pensions to enact “partitions” in order...
Benefits |
Employers Are Beefing Up Financial Wellness Programs
The coronavirus pandemic has exposed workers’ need for financial coaching and for employers to offer resources.
Opinions |
COVID-19 Compliance Corner: New Loan Provisions Under the CARES Act
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
CARES Act May Help DB Plans Avoid Funding-Based Limitations
DB plan sponsors can use help provided in the CARES Act and take other actions to avoid falling into funded...
Vanguard Data Supports Adage of Taking Long-Term View With Investing
During the first quarter of 2020, most Vanguard investors saw declines in wealth, but over three years, 89% of DC...
Don’t Let Participants Be Surprised by Taxes on Emergency Distributions
State and local tax treatment of coronavirus-related distributions from retirement plans may be different from federal tax treatment.
Finances Weigh on the Minds of the Majority of Americans
More than one-quarter are extremely or very concerned, according to Fidelity.
Past Performance of DC Plan Participants Is Not Indicative of Future Results
Important differences suggest that a look at DC plan participant actions during the Great Recession may not offer insight into...
Making Adjustments to Nonqualified Plans Not So Easy During Financial Crises
IRC Section 409A governs plan sponsor and participant decisions for nonqualified plans, and the COVID-19 pandemic will make plan design...
New House Stimulus Draft Includes Union Pension Partition Relief
The draft legislation also includes a proposed extension of amortization of required annual funding amounts for single-employer pensions.
IRS Expands Election and Reimbursement Periods for Health Benefits, FSAs
The agency has also announced an increase in the FSA carryover amount.
Opinions |
COVID-19 Compliance Corner: Who Qualifies for Coronavirus-Related Distributions?
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
Coronavirus Pandemic Exacerbates Retirement Savings Inequality
New data shows that the coronavirus pandemic is having a negative effect on small business employees, especially women, only adding...
COVID-19 Has Put Some PRTs Behind Schedule
DB plan sponsors are weighing their options for pension risk transfers and trying to balance what’s best not just for...