401(k): CAA Expanded Loan and Withdrawal Provisions Differ from CARES Act
Earlier this year, in response to the passage of the Consolidated Appropriations Act of 2021 (“CAA”) on December 27, 2020, we provided information relative to […]
2020 Taxes: Did You Take a Coronavirus-Related Distribution from your 401(k)?
IMPORTANT! If you received a “coronavirus-related distribution” from your 401(k) plan during 2020, don’t forget to report this on your 2020 Federal income tax return! […]
New Administration, New Rules
With a new administration comes new rules. Executive actions have put some rules on hold while others remain in force. Watch our Associate General Counsel, […]
401(k) Plans: They’re Back! Required Minimum Distributions Resume for 2021
The Coronavirus Aid, Relief, and Economic Security Act of 2020 (“CARES Act”) contained a number of provisions directly relating to 401(k) retirement plans. (See our […]
Coronavirus-Related Distributions Quickly Coming To An End
IRS RELEASES DRAFT FORM 8915-E IMPORTANT! The CARES Act provisions regarding “coronavirus-related distributions” are currently set to expire on December 31, 2020. Therefore, participants who […]
Time Is Running Out for Expanded 401(k) Loans Under CARES Act
URGENT! The expanded 401(k) plan loan provisions included in the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act are quickly coming to an end! The […]
IRS Issues Rollover Relief For RMDs Waived Under CARES Act
On June 23, 2020, the Internal Revenue Service (“IRS”) issued Notice 2020-51 along with a related news release that permits 401(k) plan participants who took […]
FAQs Part 43: Additional Health Plan Guidance Re: COVID-19 Regulations
On June 23, 2020, the Departments of Labor, HHS, and Treasury (Departments) published additional guidance on how the Families First Coronavirus Response Act (the FFCRA) […]
IRS Issues Q&As Under CARES Act on COVID-19 Related 401(k) Plan Distributions and Loans
On May 4, 2020, the Internal Revenue Service (“IRS”) issued Q&As under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, providing guidance to 401(k) […]