Timely Deposit of Plan Contributions

Timely Deposit of Plan Contributions

Timely Deposit of Plan Contributions The Department of Labor (DOL) has finally provided much anticipated guidance for the timely deposit of elective deferrals in qualified 401(k) plans. The proposed regulation keeps the same basic framework for determining if...
Timely Deposit of Plan Contributions

Top Heavy Rules May Impact Plan Design

Top Heavy Rules May Impact Plan Design Retirement plans have been subject to “top heavy” rules for about 25 years. By now you’d think that their application would be fairly straightforward. But lately these provisions have affected some plans in unexpected...
Timely Deposit of Plan Contributions

Understanding 401(k) ADP and ACP Testing

Understanding 401(k) ADP and ACP Testing The 401(k) plan has emerged as the most popular form of retirement plan in the United States. This trend will likely continue for some time for a number of reasons. One is the cost savings to employers, since deferral...