by Natalie Harris | Apr 8, 2020 | Articles
posted on 4/8/2020 9:38:00 AM On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a massive relief bill for those suffering as a result of the Coronavirus pandemic, was signed into law. Besides the generalized financial...
by Natalie Harris | Feb 12, 2020 | Articles
posted on 2/12/2020 9:35:00 AM On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. The SECURE Act represents some of the most significant changes to retirement plan law since the passage of the Pension...
by Natalie Harris | Nov 18, 2019 | Articles
posted on 11/18/2019 9:23:00 AM On Sept. 23rd, the IRS published a final rule that relaxes several existing restrictions on participant hardship distributions from defined contribution plans. Some of these changes are mandatory, requiring employers to make the changes...
by Natalie Harris | Nov 18, 2019 | Articles
posted on 11/18/2019 9:22:00 AM Being the bearer of bad news isn’t fun. When the third-party administration firm relays that aspects of the annual compliance testing have failed causing many of the company’s executives to receive taxable distributions from the plan,...
by Natalie Harris | Sep 12, 2019 | Articles
posted on 9/12/2019 12:32:00 PM For many new Plan Sponsors, and even those savvy at running company retirement plans, understanding plan design can be daunting. Industry terminology, IRS code sections, and complicated illustrations can make understanding difficult. As...
by Natalie Harris | Sep 12, 2019 | Articles
posted on 9/12/2019 12:31:00 PM All 401(k) plan contributions have deposit deadlines, and it’s up to 401(k) fiduciaries to meet them. Yet, many are unclear about the deadlines applicable to their 401(k) plan. That confusion can easily lead to late contributions. Most...
