DOL, IRS, EBSA Issue Guidance Further Expanding COVID-19 Relief for 401(k) Plans
On April 29, 2020, three key governmental agencies issued two separate pieces of official guidance further expanding COVID-19-related relief for 401(k) retirement plans and other […]
Congress Passes CARES Act In Response to COVID-19 Crisis, Contains 401(k) Ease-of-Access and Other Provisions
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, the third piece of recent legislation passed in response […]
DOL Proposed Regulations on Overtime Exemption Could Increase 401(k) Plan Contributions
On March 22, 2019, the U.S. Department of Labor (“DOL”) issued proposed regulations that, if adopted in proposed form, would substantially increase compensation thresholds used to […]
<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> <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 […]