401(k) News

  • RECENT developments summer 2017

    Workers Stressed about Retirement, Increase in Retirement Assets, IRS Clarification on Loan Amounts Read More…

  • Using EPCRS To Fix Plan Errors

    The IRS developed the Employee Plans Compliance Resolution System (EPCRS) to help plan sponsors avoid plan disqualifications by making it easier for them to correct a wide variety of retirement plan qualification failures. If plan sponsors follow the established guidelines, they may be able to bring their plans back into compliance without losing valuable tax benefits. Read More…

  • Documenting Hardship Distributions

    The IRS recently published a memorandum outlining new audit procedures for use by agents verifying whether a plan has followed proper substantiation procedures for safe harbor hardship withdrawals. Plan sponsors may want to review these procedures to anticipate later possible objections to their hardship withdrawal programs. Read More…

  • Should You Consider a Safe Harbor 401(k)?

    A safe harbor design allows a 401(k) plan to avoid annual nondiscrimination testing of employee elective contributions and employer matching contributions. If you are thinking of implementing a safe harbor 401(k) plan, the overview that follows may prove useful in your decision-making. Read More…

  • Alignment of Wealth and Health ... The 401(k) and HSA

    By Todd Kittell

    As an independent third party administrator (TPA), we are often asked by advisers to comment on emerging trends in the industry. One recent trend that is getting a significant amount of attention is the alignment of wealth and health. Specifically 401(k) Plans and HSAs and how this impacts the role and opportunity for financial advisers. Read More…

  • RECENT developments spring 2017

    IRS Proposal for Plan Forfeitures, Retirement Health Expenses, Fairly Confident for Retirement Read More…

  • Determining 401(k) Plan Eligibility Requirements

    Establishing eligibility requirements for plan participation requires consideration of both the broad range of available options and the potential effects that different sets of eligibility requirements may have on hiring, retention, and administrative costs. Following is a brief overview of the applicable rules. Read More…

  • Keys to Avoiding Compensation Errors

    The plan’s definition of “compensation” is important for many different aspects of plan administration — including elective deferrals, allocations, and discrimination testing. Read More…

  • Handling QDROs for Your Retirement Plan

    When couples divorce, one spouse’s retirement benefits may be divided as part of a property settlement. Although federal law generally does not allow plan participants to assign or alienate their retirement plan interests, there is a limited exception. Retirement benefits may be assigned to a spouse, former spouse, child, or other dependent to satisfy family support or marital property obligations through a domestic relations order if the plan administrator determines it is a qualified domestic relations order (QDRO). Read More…

  • RECENT developments winter 2017

    Relief for Late Rollovers, IRS Makes Changes to EPCRS, Mutual Fund Ownership Read More…

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