Some plans allow for hardship distributions for certain financial hardships. In these current economic times there has been an increase in the number of hardship distributions taken from qualified retirement plans. The IRS regs provided detailed guidelines to make sure … read more
The IRS has various rules related to income tax withholding from 401k distributions. The most common rule is the minimum 20% that is required to be withheld from eligible rollover distributions. However other withholding requirements can result in either no … read more
If your company has had a significant employer-initiated reduction in workforce and sponsors a 401(k) plan, it is important to consider whether a “partial termination” of the retirement plan has occurred. When a partial termination has occurred, all participating employees who … read more
Finding information on employee benefit plans can be difficult and time consuming. As a service to our clients, and other interested parties who are involved in or in need of employee benefit services, we'll gather all of the information for you. We'll keep you up-to-date on the latest laws and regulations and we will even add our own personal insight into what else is occurring in the employee benefits world. We will provide these posts weekly and hope to get your input and feedback on the various topics. We will also share that feedback with others, as we find appropriate.
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- Plan Terminations and Partial Terminations
- Retirement Plan Loan Alternative
- Target Date Funds
- How to Prepare for Your 401(k) Audit
- Determination Changes Impacting Qualified Retirement Plans
- DOL Fiduciary Rule
- Forming a 401(k) Plan Committee
- Plan Sponsor Record Retention Guidelines
- Required Minimum Distributions
- Does Your EBP Have a True-Up Provision?