Compliance | April 24th, 2019 IRS Announces Important Changes to Correction Programs An IRS Revenue Procedure expands self-correction methods for certain retirement plan document and retirement plan loan failures and provides a...
Compliance | April 3rd, 2019 Prevention the Key to ESOPs Not Violating Nonallocation Year Rules The IRS explains that the rules under IRC Section 409(p) are designed to prevent a group of “disqualified persons” from...
Compliance | March 25th, 2019 IRS Updates Mortality Tables for DB Plans The updated mortality improvement rates and static tables apply for purposes of calculating a defined benefit (DB) plan’s funding target...
Compliance | March 11th, 2019 IRS Reverses Course on Lump-Sum Payment Windows to Certain Retirees The IRS had previously put a halt to the practice of defined benefit (DB) plan sponsors offering lump-sum windows to...
Compliance | February 28th, 2019 IRS Clarifies When Employers May Recoup Mistaken HSA Contributions In Information Letter 2018-0033, the IRS offers some examples of the type of errors which may be corrected—expanding on previous...
Compliance | February 26th, 2019 IRS Requests Comments on Information Collection for 403(b) Plan Auto Enrollment Among other things, comments are invited on ways to minimize the burden of the collection of information on respondents, including...
Compliance | February 25th, 2019 IRS Updates FAQs for Adopting a Pre-Appproved Retirement Plan Document The web page provides information for retirement plan sponsors who have individually designed retirement plan documents but want to adopt...
Compliance | February 6th, 2019 Will Changes to Hardship Withdrawal Rules Lead to More Plan Leakage? Some industry sources believe the availability of more funds for hardship withdrawals and the elimination of the requirement to first...
Compliance | January 11th, 2019 2019 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan
Ask the Experts | January 8th, 2019 (b)lines Ask the Experts – Relief for Excluding Employees From 403(b) Plans Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
Compliance | January 7th, 2019 2019 Contribution/Benefit Limits Updated for Puerto Rico Employers The Puerto Rico Department of the Treasury has published its 2019 limits on qualified retirement plan contributions and benefits.
Compliance | January 7th, 2019 IRS Adds ‘Other Circumstances’ to Instances for Which Determination Letter Requests Can Be Made Previously, the IRS said a plan can request a determination letter only if it has never received a letter before;...
Compliance | December 28th, 2018 A Look Back at Important 2018 Regulatory Developments Plan sponsors faced another year of rapid regulatory change in 2018, with important developments coming out of the DOL, IRS...
Compliance | December 6th, 2018 IRS Provides Do-Over for 403(b) Plans Not Following Once-In-Always-In Condition Industry comment letters argued that many 403(b) plan sponsors were unaware of the rule that once a part-time employee is...
Compliance | December 5th, 2018 No Entries in 2018 Required Amendments List In general, the Required Amendments List includes statutory and administrative changes in qualification requirements for individually designed retirement plans that...
Administration | November 30th, 2018 Strategies for DC Plans to Mitigate Risks in 2019 Willis Towers Watson offers nine actions for DC plan sponsors to mitigate risks in 2019.
Compliance | November 15th, 2018 Retirement Plan ERISA Litigation Trends Still Heating Up It has only been about a year and a half since large U.S. universities became the target of ERISA lawsuits,...
Compliance | November 14th, 2018 Regulators Release Informational Copies of 2018 Form 5500 Modifications to the Form 5500 and Form 5500-SF and their schedules and instructions have been highlighted.
Compliance | November 12th, 2018 IRS Proposes Amendments to Hardship Withdrawal Regulations If the proposed rules are finalized, there would be no more suspension of deferrals after a hardship withdrawal or requirement...
Compliance | November 1st, 2018 IRS Announces Contribution and Benefit Limits for 2019 The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan...