Electronic Delivery Could Save Billions

Electronic Delivery Could Save Billions

Electronic Delivery Could Save Billions On May 21, 2020, the U.S. Department of Labor and the Employee Benefits Security Administration (EBSA) announced the publication of a final rule that will allow employers to communicate the required retirement plan disclosures...
Understanding the CARES Act

Understanding the CARES Act

Understanding the CARES Act   On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a massive relief bill for those suffering as a result of the Coronavirus pandemic, was signed into law. Besides the generalized financial...
How the SECURE Act is Changing Retirement

How the SECURE Act is Changing Retirement

How the SECURE Act is Changing Retirement On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. The SECURE Act represents some of the most significant changes to retirement plan law since the passage of the...
The Final Rule on Hardship Distributions

The Final Rule on Hardship Distributions

The Final Rule on Hardship Distributions On Sept. 23rd, the IRS published a final rule that relaxes several existing restrictions on participant hardship distributions from defined contribution plans. Some of these changes are mandatory, requiring employers to make...
Safe Harbor 401(k) Plan Design

Safe Harbor 401(k) Plan Design

Safe Harbor 401(k) Plan Design Being the bearer of bad news isn’t fun. When the third-party administration firm relays that aspects of the annual compliance testing have failed causing many of the company’s executives to receive taxable distributions from the plan, it...