IRS Clarifies SECURE Act Birth and Adoption Distribution Rules
Qualified birth or adoption distributions have been permissible since January under the SECURE Act, but more specific guidance on how...
Tag: retirement plan distributions
IRS Updates Model Rollover Notices to Reflect SECURE Act Changes
The notice also clarifies that plan administrators are not required to provide a Section 402(f) notice to a recipient of...
Benefits |
EBRI Says CARES Act Distributions Could Have Lasting Consequences
The report highlights how a loan or distribution option under the CARES Act can affect employees.
CARES Act Special Considerations for 403(b) Plans
Participants invested in annuity contracts may face charges for distributions and limits on amounts they can take as a distribution...
Can Other Distributions Be Treated as Coronavirus-Related Distributions?
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Opinions |
COVID-19 Compliance Corner: IRS Expands CRD Eligibility and Clarifies Loan Rules
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
Retirement Plan ‘Leakage’ Still a Serious Problem
A study finds there was $48 billion in penalized retirement plan distributions in 2010, and it raises the question of...
Retirement-Age Households Show a ‘Chunk or Nothing’ Withdrawal Pattern
Observing drawdown patterns can inform plan sponsors about how to design their plans to facilitate withdrawals and about what guidance...
Are RMDs Required for Those Who Turned 70 1/2 in 2019?
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
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...
Implementation of Coronavirus-Related Distributions in DB Plans
DB plan sponsors may want to offer coronavirus-related distributions under the CARES Act, but should understand certain rules before doing...
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.
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...
The RMD Waiver for RMDs Already Distributed
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
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...
Opinions |
Consider Near- and Long-Term Issues Before Implementing CARES Act Provisions
Plan sponsors are urged to consider factors other than the short-term financial needs of their employees before adopting new loan...
Cure Periods and Other Ways to Prevent Leakage From Coronavirus Relief Bill
Coupling more generous loan programs with robust educational resources is a good place to start.
DC Plan Sponsors Reacting With Moderation to Coronavirus
Relatively few are taking action to suspend or decrease contributions, and they are prudently relying on providers for guidance, a...
Opinions |
The CARES Act Loan Expansion: A Potential Powder Keg in a Pandemic
Alison Borland, with Alight Solutions, discusses why the firm determined the CARES Act provision allowing larger loans is sub-optimal when...
Products |
Ameritas Waives Fees to Relieve COVID-19 Financial Burdens
Plan sponsors can opt in to the voluntary provisions.