Introduction -
On December 29, 2022, the President signed into law the SECURE 2.0 Act of 2022 (“SECURE 2.0”). As its name suggests, SECURE 2.0 expands on actions taken by the original SECURE Act of 2019 (“SECURE 1.0”). ...more
3/15/2023
/ 401k ,
403(b) Plans ,
Distribution Rules ,
Employee Benefits ,
EPCRS ,
Individual Retirement Account (IRA) ,
Pensions ,
Required Minimum Distributions ,
Retirement Plan ,
SECURE Act ,
Small Employers
On March 13, 2020, President Trump declared the COVID-19 pandemic to be a "national emergency." As a result, employers now have the opportunity to provide disaster relief payments to employees on a tax-favored basis pursuant...more
As furloughs and layoffs become increasingly prevalent during the response to the coronavirus crisis, employees may be looking for options for receiving emergency funds from their employer’s qualified retirement plan. ...more
Use of Forfeitures for Safe Harbor Contributions, QNECS and QMACS -
The Internal Revenue Service (IRS) recently issued final regulations allowing forfeitures in 401(k) plans to be used to fund safe harbor contributions,...more
10/16/2018
/ 401k ,
Association Health Plans ,
Audits ,
Class Action ,
COBRA ,
Compensation & Benefits ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Contributions ,
Fiduciary Duty ,
Fiduciary Rule ,
Forfeiture ,
Health Insurance ,
Interest Rates ,
IRS ,
Mental Health Parity Rule ,
QMAC ,
QNEC ,
Retirement Plan ,
Rule 701 ,
Safe Harbors ,
Withdrawal Liability
This alert is intended to provide you with an update on the following employee benefit developments that we thought would be of interest: Tax Cuts and Jobs Act reduces the health savings account limit for 2018....more
3/22/2018
/ Contribution Limits ,
Corporate Taxes ,
Disability Access Claims ,
Employee Benefits ,
Executive Compensation ,
Hardship Distributions ,
Health Insurance ,
Health Savings Accounts ,
IRS ,
Pensions ,
Retirement Plan ,
Tax Cuts and Jobs Act ,
Tax Deferral ,
Tax Rates ,
Tax Reform ,
Voluntary Compliance