Rules and Taxation of 401(k) Plan Distributions

Rules and Taxation of 401(k) Plan Distributions

Rules and Taxation of 401(k) Plan Distributions A 401(k) plan permits employees to defer a portion of their salaries on a pre-tax basis with the objective of accumulating assets for retirement. Additional assets are accumulated if the employer makes contributions to...
Rules and Taxation of 401(k) Plan Distributions

Keeping Abreast of Plan Loan Rules

Keeping Abreast of Plan Loan Rules If you have a 401(k) plan, you’ve likely had participants ask about taking loans from their accounts. If you haven’t yet, it is only a matter of time. While the concept of taking a loan is pretty straightforward—you...
Rules and Taxation of 401(k) Plan Distributions

DOL Issues New Fiduciary Rule

DOL Issues New Fiduciary Rule On April 8, 2016 the Department of Labor (DOL) issued final guidance that greatly expands the types of retirement investment advice that will be subject to the fiduciary duty rules under the Employee Retirement Income Security Act of 1974...
Rules and Taxation of 401(k) Plan Distributions

Fun with Forfeitures

Fun with Forfeitures Sooner or later, almost all 401(k) plans will face the “fun” of dealing with forfeitures. Just like every other plan-related operational item, there are specific rules that provide guidance on the “who, what, why, when and...
Rules and Taxation of 401(k) Plan Distributions

A Fresh Look at Your Form 5500 Filing

A Fresh Look at Your Form 5500 Filing If your firm has a profit sharing plan, a 401(k) plan or some other tax-qualified retirement plan, then you have been given a Form 5500 to sign and file every year since your business adopted the plan. While the form looks like...