DOL Issues Guidance on 401(k) Plan Investments in Private Equity
On June 3, 2020, the U.S. Department of Labor (“DOL”) issued guidance in the form of an Information Letter that significantly expands the defined contribution […]
401(k) Plans in the Age of COVID-19 – Hardship Withdrawals, Loans, Contributions, and Other Issues
In the midst of the global health crisis generally known as the “Coronavirus” or “COVID-19,” employers and employees alike are faced with challenges that would […]
IRS Releases Updated VCP Compliance Statement
Recently, the IRS released an updated version of Form 14568 (Model VCP Compliance Statement), intended for use in connection with filing voluntary correction program (“VCP”) […]
IRS Releases 2019 List of Required Amendments for Qualified Retirement Plans, Including 401(k) Plans
On December 4, 2019, the IRS released Notice 2019-64, its annual list of required amendments (“RA List”)for individually designed qualified retirement plans, including 401(k) plans. […]