This is the third in a series of articles designed to inform you of the significance of the so-called “coverage rules” and the “minimum participation rules” applicable to qualified retirement plans, (here are Part 1 and Part 2 if ...
[Read more] about Coverage Rules for 401(k)’s and Other Qualified Plans – Part 3. Average Benefit Test and the Minimum Participation Rule
About Marcel Weiland
Coverage Rules for 401(k)’s and Other Qualified Plans – Part 2. Annual Testing
This is the second in a series of articles designed to inform our readers of the significance of the so-called “coverage rules” and “minimum participation rules” applicable to qualified retirement plans. Here are Part 1 and Part 3. In this ...
[Read more] about Coverage Rules for 401(k)’s and Other Qualified Plans – Part 2. Annual Testing
Coverage Rules for 401(k)’s And Other Qualified Pension Plans – Part 1. Nondiscrimination Rules
This is the first of a series of three articles designed to inform our readers of the significance of the so-called “coverage rules” and “minimum participation rules” applicable to qualified retirement plans. In this article we will explain the basic ...
[Read more] about Coverage Rules for 401(k)’s And Other Qualified Pension Plans – Part 1. Nondiscrimination Rules
The Delinquent Filer Voluntary Compliance Program – Over-the-Counter Relief
In 1995, the Department of Labor (DOL) established its Delinquent Filer Voluntary Compliance (DFVC) Program to enable plan sponsors to file all the appropriate returns and to pay reduced penalties.
If you have an employee benefit plan for which an ...
[Read more] about The Delinquent Filer Voluntary Compliance Program – Over-the-Counter Relief
Controlled Group or Affiliated Service Group? What That Means for Your 401(k) Plan Compliance
If you’ve recently discovered your business may be part of a Controlled Group (CG) or an Affiliated Service Group (ASG)—or assumed you weren’t and got it wrong—your 401(k) plan could face significant compliance issues.
This misstep isn’t just a ...
[Read more] about Controlled Group or Affiliated Service Group? What That Means for Your 401(k) Plan Compliance
Retirement Plans – IRS Gives New Options for Voluntary Correction But Also Takes Away
The IRS recently issued new guidance for voluntary correction of retirement plan qualification errors in Revenue Procedure 2021-30 (Rev. Proc). The IRS has given practitioners more options for self-correction, including extension of the time for ...
[Read more] about Retirement Plans – IRS Gives New Options for Voluntary Correction But Also Takes Away