by Deanna Fisher | Nov 12, 2020 | Uncategorized
The CARES ACT Update 2020 has been a difficult year with many unexpected challenges. For companies that sponsor retirement plans, some of these challenges came in the form of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. While the CARES Act provided...
by Deanna Fisher | Nov 12, 2020 | Uncategorized
Required Year-End Participant Notices As the end of the year approaches, our to-do lists become longer but our bandwidth becomes condensed. To compound matters, when you sponsor a retirement plan, you know you will be in close contact with your TPA firm about...
by Deanna Fisher | Nov 12, 2020 | Uncategorized
Cycle 3 Plan Document Restatements Approximately every six years, the IRS requires that pre-approved qualified retirement plans update (or restate) their plan document to reflect recent legislative and regulatory changes. Plan restatements are divided into...
by Deanna Fisher | Nov 12, 2020 | Uncategorized
Cost of Living Adjustments for 2021 On October 26, 2020, the IRS announced the Cost of Living Adjustments affecting the dollar limitations for retirement plans. Contribution and benefit increases are intended to allow participant contributions and benefits to keep up...
by Deanna Fisher | Aug 4, 2020 | Uncategorized
IRS Issues Additional Pandemic Relief On June 29, 2020, the IRS issued Notice 2020-52 in response to the COVID-19 pandemic providing welcome relief to plan sponsors who are considering suspending safe harbor contributions and also to those who may already have...
Recent Comments