Does your Code section 401(k) plan keep failing the nondiscrimination tests? Or are your highly compensated employees (HCEs) unable to defer as much as they would like because of the low level of deferrals by the nonhighly compensated employees (NHCEs)? If so, you should consider as one of your ...
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SIMPLE 401(k) Versus A Safe Harbor 401(k): The Pros And Cons For Your Small Business
A small employer may find that converting its 401(k) plan into a "SIMPLE" 401(k) plan is preferable to adopting a traditional safe harbor 401(k) plan. What is a SIMPLE 401(k) plan? It is a 401(k) plan under which the employer makes either (i) a nonelective contribution to the plan equal to ...
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ERISA-Covered Plan Investment And Fee Disclosures To Participants: The What, Who, And How
What: In 2012, Department of Labor (DOL) rules went into effect requiring plan administrators of ERISA-covered plans with participant-directed investments to make specified disclosures of plan fee and investment information to:
Active participants (those who are actively directing their ...
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ERISA Section 404(c) Compliance Alert
Do you have a defined contribution plan that allows participant-directed investments? If so, read on.
Participants generally will be responsible for the investment results of their accounts if the applicable regulations under ERISA section 404(c) are followed. But what if a ...
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Section 409A And Split-Dollar Life Insurance Arrangements
The IRS's final regulations under Code section 409A require that all deferred compensation arrangements must be in full compliance with Code section 409A effective as of January 1, 2009. To what extent does Code section 409A govern split-dollar life insurance arrangements? What compliance ...
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Cafeteria Plans: Are You Serving “Taxic” Waste To Your Employees?
Employers may be very surprised to discover that they have a cafeteria plan and do not even know it, or that they have a cafeteria plan that improperly offers certain benefits to their employees. As a result, they are serving their employees "taxic" waste, i.e., tax heartburn, rather than the ...
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