<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> DOL Proposes Prohibited Transaction Exemption For Certain Plan Transfers
On November 7, 2018, the U.S. Department of Labor (“DOL”) issued a proposed exemption related to the consolidation of small retirement savings accounts in 401(k) […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> Proposed Regulations Would Relax Hardship Distribution Rules
On November 9, 2018, the Internal Revenue Service (“IRS”) released a Notice of Proposed Rulemaking (proposed regulations) that, if finalized in present form, would significantly […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> IRS Announces 2019 Adjusted Dollar Limits For 401(K) Plans
On November 1, 2018, the Internal Revenue Service released IRS Notice 2018-83, which sets forth the various dollar limitations for contributions and benefits under qualified […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> House Passes Some 401(k) Plan Reforms
On Thursday and Friday, September 27 and 28, the U.S. House of Representatives passed three separate Republican-sponsored bills that collectively form major follow-up tax legislation […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k)</span> Chances for Pre-Election Tax Reform / 401(K) Changes Looking Dimmer
We have been reporting during the past couple of weeks about possible changes to 401(k) retirement plans as part of sweeping tax reform legislation that […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> Unintended Impact of Tax Reform on 401(K) Hardship Withdrawals
Tax reform may have had unintended effect on hardship withdrawals under 401(K) plans Last year’s tax reform act, officially called the Tax Cuts and Jobs […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k)</span> More Proposed 401(k) Plan Changes in the Works — Keep Your Antennas On!
Last week, we reported that Congress seems to be on track to pass sweeping legislation that would make major changes to 401(k) retirement plans. In […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> Winds of Change are Blowin’ Around Washington!
What’s Happening with 401(K) Plans? Word out of Washington is that Congress may be posed to pass legislation that would make the most sweeping changes […]