The IRS recently issued frequently asked questions (FAQs) regarding retirement plan distribution and loan relief under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This relief applies to qualified
The IRS recently issued Notice 2020-23, expanding on previously issued guidance extending certain tax filing and payment deadlines in response to the novel coronavirus (COVID-19) crisis. This guidance applies to
In many industries, offering a 401(k) plan is a competitive necessity. If you do not offer one and a competitor does, it could mean the difference in a job candidate’s
Pension plans are not as popular as they used to be. For years now, employers have been moving from defined benefit plans (pensions) to defined contribution plans such as 401(k)s.
Many growing businesses and other types of employers want to offer a 401(k) plan but do not want to deal with the stress and administrative challenges of following the IRS’
Imagine giving your company’s retirement plan a report card. Would it earn straight As in preparing your participants for their golden years? Or is it more of a C student
The Tax Cuts and Jobs Act (TCJA) of 2017 was not officially focused on retirement planning, but it has had a major impact on the choice of retirement plans. After-tax
News of commercial database hackings may seem commonplace in 2019. However, while many of these stories focus on hacked bank and credit card accounts, 401(k) plan sponsors and participants are
The Employee Retirement Income Security Act of 1974 (ERISA) covers both defined-benefit and defined-contribution retirement plans. If your organization offers its employees either, you may feel like you are constantly
If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than April 1 of the year
