<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> IRS Revamps Plan Document Approval Process
As you are probably aware, effective January 1, 2017, the IRS made sweeping changes to its rulings and determination letter program for qualified plans. The […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k)</span> Adoption Date Extended for Defined Contribution Pre-approved Plans
The IRS has extended the deadline from Sunday, April 30, 2017, to Monday, May 1, 2017, for certain employers to adopt defined contribution pre-approved plans […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k)</span> IRS Releases Updated Checklists for Retirement Plan Documents
On May 26, 2016, the IRS posted on its website a revised list of checklists that the agency has developed for use by its own […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span><b> 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 […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> <b> Obergefell v Hodges: what it means means for 401(k) plans
On June 25, 2015, the Supreme Court handed down its decision in Obergefell v Hodges, in which it ruled that the United States Constitution does […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> <b> Find and Fix – You haven’t filed a Form 5500 this year
Most 401(k) plan administrators are required to file an annual Form 5500, Annual Return/Report of Employee Benefit Plan. All Form 5500 filings must be filed […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> <b> Plan Error: Plan Operations Not Consistent with Terms of the Plan Document
You sponsor a great 401(k) plan for your employees. Your employees seem to be happy with it. It’s been in place for many years and […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> <b>Your Plan Failed ADP and/or ACP testing! Now what?</b>
In the beginning, 401(k) retirement plans were designed to encourage mid to lower level income workers to save for their retirement years by offering a […]