401(k) News

  • Using Target Date Funds in Your Plan

    Target date funds (also known as lifecycle funds) have become increasingly popular in retirement plans. Close to 70% of 401(k) and profit sharing plans offered target date funds in 2014, according to the most recent survey by the Plan Sponsor Council of America.* Read More…

  • RECENT developments July/August 2016

    The Protecting Americans from Tax Hikes (PATH) Act contains provisions affecting certain retirement plans. Read More…

  • QDIAs - ten years on

    Back in 2006, the Pension Protection Act created the qualified default investment alternative (QDIA) as a fiduciary safe harbor to encourage plan sponsors to automatically enroll participants in employer-sponsored retirement plans, e.g., 401(k) plans. Read More…

  • Employer Contribution Trends

    Two recent studies reinforced the value of employer contributions to defined contribution retirement plans and identified key trends on how plan sponsors are applying these contributions to participant accounts. Read More…

  • Make benchmarking your plan an annual exercise

    Plan benchmarking is an effective way to help plan sponsors stay abreast of changing industry trends, assess participant metrics, and measure their own plan’s features against those of comparable companies. Read More…

  • RECENT developments May/June 2016

    IRS compliance questions The IRS announced that, since pro-posed 2015 IRS compliance questions on Forms 5500 and 5500-SF and Schedules H, I, and R were not approved by the Office of Management and Budget prior to publication of the forms in December, these questions should not be answered for the 2015 plan year. Read More…

  • Should your plan offer in-plan Roth rollovers?

    In conjunction with offering a Roth deferral option, plan sponsors may want to consider an in-plan Roth rollover (IRR) feature. This feature allows participants to roll over tax-deferred amounts — including pre-tax salary deferrals and matching and nonelective employer contributions — from their traditional 401(k) accounts into designated Roth 401(k) accounts within the plan, as well as after-tax amounts. Read More…

  • Changes to the Voluntary Correction Program

    The Voluntary Correction Program (VCP) is available to qualified retirement plan sponsors to obtain IRS approval for proposed plan corrections that — if not addressed in a timely fashion — could result in the loss of the plan’s tax-favored status or substantial sanctions for noncompliance. By submitting a written proposal to the IRS along with a compliance fee, plan sponsors can bring their plans back into compliance with federal tax law while continuing to provide employees with all the benefits of the plan. Read More…

  • Midyear changes to safe harbor 401(k) plans

    Long-awaited relief regarding midyear amendments to safe harbor 401(k) plans arrived when the IRS released Notice 2016-16 on January 29, 2016. The new rules were immediately effective and apply to both 401(k) and 403(b) traditional safe harbor plans and qualified automatic contribution arrangement (QACA) safe harbor plans. Read More…

  • RECENT developments March/April 2016

    PATH retirement plan provisions Read More…

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