Compliance | November 2nd, 2017 Tax Reform Proposal Includes Important Changes for Plan Sponsors The GOP tax reform proposal leaves 401(k) deferrals alone, but there are other significant reforms in the package that would...
Compliance | November 2nd, 2017 IRS Extends Disaster Relief to Hurricane Maria, Wildfires Victims The agency has relaxed loan and hardship distribution rules.
Compliance | November 2nd, 2017 Treasury, IRS Issue Priority Guidance Plan Among its list for retirement plans are projects for which guidance has been long-awaited from the agencies.
Compliance | October 31st, 2017 IRS Letter May Open Door for Auto Enrollment in More Governmental 457 Plans In response to a private letter ruling from the IRS, ICMA-RC will provide its public-sector clients with a model 457(b)...
Compliance | October 20th, 2017 IRS Issues Memorandum on Plan Loan Cure Periods IRS says missed repayments can be addressed in the following quarter or that participants can refinance a loan, but that...
Products | October 16th, 2017 McDermott Launches Opinion Letter Program Following the IRS' curtailment the determination letter program for retirement plan sponsors, McDermott Will & Emery is releasing an opinion...
Compliance | October 6th, 2017 IRS Reveals FY 2018 Compliance Priorities Plan sponsors will have a number of new compliance checks to keep in mind.
Compliance | October 6th, 2017 Providers Remain Uncertain Amid Tense Legislative Session The list of regulatory and legislative challenges affecting employers and their retirement plan consultants can seem endless, and when linked...
Compliance | October 4th, 2017 IRS Issues Final Regulations About Mortality Tables In a statement, ERIC said it is pleased the agency took into account its request for flexibility for DB plan...
Administration | September 27th, 2017 Considerations for Adopting a Safe-Harbor Plan Design The deadline for adopting a new safe-harbor 401(k) plan is October 1, and while it’s not likely to be met...
Compliance | September 27th, 2017 IRS Announces Revised VCP Forms Last year, the IRS updated the comprehensive system of correction programs for sponsors of retirement plans.
Compliance | September 27th, 2017 IRS Allows for Effective Date Addendums for 403(b) Plan Documents Generally, the overall effective date for 403(b) pre-approved plans are plan years beginning on or after January 1, 2010, but...
Products | September 21st, 2017 Wagner Law Group Offers Assistance in Absence of Determination Letter Program In the absence of the determination letter program, the law firm is helping plan sponsors of tax-qualified plans remain compliant...
Compliance | September 13th, 2017 IRS Relaxes Loan, Hardship Rules for Hurricane Irma Victims The PBGC and DOL also are providing relief similar to that provided to Hurricane Harvey victims.
Compliance | August 15th, 2017 IRS Seeks Suggestions for Presentation About Pre-Approved Plan Program Last month, the agency announced changes to its pre-approved plan opinion letter program.
Compliance | August 3rd, 2017 Regulators Have Big Agendas Still for 2017 On the IRS’ list are rules and guidance for which it still plans to issue a Notice of Proposed Rulemaking...
Compliance | July 28th, 2017 Treasury to Wind Down myRA Program The department said demand for and investment in the myRA program has been extremely low.
Compliance | July 13th, 2017 IRS Updates Procedures for Applying for Suspension of Benefits The MPRA permits the sponsor of a multiemployer defined benefit plan in critical and declining status to suspend benefits in...
Compliance | July 5th, 2017 IRS Issues 2017 Cumulative List of Pre-Approved Plan Requirements The 2017 cumulative list includes provisions for Roth conversions, using lifetime income products in target-date funds (TDFs) and the use...
Compliance | June 9th, 2017 PSNC 2017: Fixing Your Mistakes—Correcting the Most Common Plan Errors What errors do plan sponsors make most often, and what programs are available to fix them?