IRS Updates Operational Compliance List for 2020
Items effective in 2020 include several provisions of the SECURE Act.
Tag: retirement plan legislation
Opinions |
COVID-19 Compliance Corner: Impact on Nonqualified Deferred Compensation Plans
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
Opinions |
COVID-19 Compliance Corner: IRS Clarification of RMD Waivers and Extension of Rollover Deadline
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
Loan Repayments for Employees Furloughed Before CARES Act Relief Period
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
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...
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...
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...
IRS Offers Some Clarifications About CARES Act Retirement Plan Provisions
The guidance explains how repayment of coronavirus-related distributions works and whether plan sponsors are required to accept them, among other...
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...
Bill Introduced to Expand Limits on Retirement Plan Contributions
The legislation would allow employees to defer 300% of the current statutory limit or 100% of compensation, whichever is less,...
Multiemployer Plans Urgently Need Help to Avoid Catastrophe
Lawmakers and industry groups are pushing for immediate action as the COVID-19 pandemic wreaks havoc on already struggling multiemployer pensions.
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...
The Rug Has Been Pulled From Under Americans’ Retirement Security
The coronavirus pandemic has revealed the fragility of retirement security in our current landscape and sparked conversation about design and...
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 |
Security Benefit Waives Mutual Fund Custodial Fees
The waivers on these include loan origination fees of $50, manual distribution fees of $25 per distribution and plan amendment...
Does SECURE Act Make It Easier to Terminate a 403(b)?
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Paycheck Protection Program Covers Retirement Plan Contributions
The Treasury Department makes clear that the PPP offers help with employer contributions to retirement plans and toward health benefits...
Administrative Considerations for CARES Act Transactions
Plan sponsors need to understand the details and ask themselves certain questions to make sure they are complying with the...