IRS Extends Various 401(k) Deadlines in Response to COVID-19 Crisis
On April 9, 2020, the Internal Revenue Service (“IRS”) released Notice 2020-23 which, among other things, extends a number of recent deadlines applicable to retirement […]
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 […]
Coronavirus (COVID-19) Regulatory Resources for Employee Benefit Plans
The past week has brought an onslaught of changes for the world, including changes in U.S. federal legislation to address the COVID-19 pandemic. ComplianceDashboard has […]
How Will The SECURE Act Affect Me? Highlights of Some of the Top New Provisions Affecting 401(k) Plans (PART TWO)
Passed by Congress and signed into law at the midnight hour as part of the 2019 comprehensive budget appropriation package, the Setting Every Community Up […]
IRS Extends ACA Reporting Deadlines, Provides Penalty Relief for Good-Faith Compliance
The Internal Revenue Service (IRS) released Notice 2019-63 to extend the due dates for reporting and furnishing requirements under sections 6055 and 6056 of the […]
IRS Changes Mailing Addresses (AGAIN!) For Certain Employee Plan Submissions
On December 2, 2019, the IRS announced a new pair of addresses to be used for various employee plans submissions, including applications for determination letters for […]
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. […]