The SECURE Act, signed into law in December, immediately impacts 401(k) plans with provisions that became effective January 1st, and other provisions going into effect in later years. Here is an overview of the relevant changes.
Changes Effective Now
For 401(k) Safe Harbor Plans that use ...
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A DQ Tale – The Haunting Carryover Of A Disqualifying Defect
A special "ChrERISAmas Story” for the benefits of our readers …
Here’s a tale that we heard from the end of 2018. It illustrates how retirement plan operational defects from years ago can cause plan qualification problems today — even if you never thought you’d be haunted by them. Be careful. ...
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ESOP Reshuffling – Getting Stock To The “Have Nots”
ESOP reshuffling is a tool you can use to manage your ESOP repurchase obligation and get stock to the so-called ESOP "Have Nots."
TRANSCRIPT
Speaking of benefits, this is Kevin Long. In this episode, we're going to talk about tools you can use to manage your ESOP repurchase obligation and ...
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ERISA Reporting Requirements
ERISA reporting requirements, as well as other retirement plan reporting requirements, can be daunting for plan sponsors and administrators new to the process. This article is an introduction to those requirements and responsibilities.
Form 5500
ERISA and the Code require each retirement ...
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ESOP Releveraging – Getting Stock To The “Have Nots”
In this podcast we're going to talk about the advantages and considerations to ESOP releveraging, one solution for getting stock to new employees.
TRANSCRIPT
Speaking of benefits, this is Sheryl Bayani Alzona.
For ESOPs that find themselves in what is known as a "have and have-nots" ...
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Retirement Plan Compensation Failures: A Tale Of Two Errors
Retirement plan compensation failures are one of the top ten most common errors submitted to the IRS's Voluntary Compliance Program. In this podcast, Marcel Weiland discusses two scenarios of compensation failures in the area where we see it most often in our practice, bonus compensation. ...
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ESOP Plan Responsibilities
New ESOP companies often struggle to understand the roles and fiduciary responsibilities associated with managing the plan. No wonder. The words "administrative," "administrator," and "committee" are sprinkled through the lists of responsible parties and sometimes seem interchangeable.
Our ...
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The IRS 401(k) Plan Checklist
Don't wait for an IRS audit to find out that your 401(k) plan is out of compliance.
The IRS's 401(k) Plan Checklist is a helpful tool to help assess whether your plan has fallen into the trap of the IRS's Top Ten Failures submitted for its Voluntary Correction Program. The checklist is largely ...
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M&A Transactions: Benefits Due Diligence
Buyer's counsel brought us in on a stock sale transaction last year to handle the M&A due diligence on the seller's employee benefits. In discussing the scope of our work with seller's counsel and in-house attorneys, we laid out the options in a way that will probably seem familiar to most ...
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Confused by the terminology? Check our Glossary of Terms