Blog
The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
401(k): Find and Fix – Hardship distributions weren’t made properly
You've been the benefit administrator with your current employer for a couple of years. During that time, there have been a handful of employees who have requested hardship distributions from their 401(k) plan which you have processed. It isn't until
H.R. 3236 – New Bill Impacts Group Plans
On July 31, 2015, President Obama signed into law H.R. 3236, the "Surface Transportation and Veterans Health Care Choice Improvement Act of 2015." The new law includes several changes that impact group plans. Employer Mandate: The new act impacts the
Cadillac Tax. Who is Liable?
In a previous blog, we discussed IRS Notice 2015-16, in which the IRS laid out some of its thinking about the implementation of the ACA’s tax on high-cost, employer-sponsored coverage (the “Cadillac tax”). The IRS has now issued a second
401(k): Find and Fix: Elective Deferrals Weren’t Limited to the Allowable Limit and Excesses Weren’t Distributed
You have put extra effort into promoting the benefits of saving for retirement, and you are excited to hear that several of the participants in the 401(k) plan have greatly increased their deferral percentages, with the goal of maximizing their