What is a Partial Plan Termination
Generally, the Internal Revenue Code (Code) requires all unvested benefits to immediately vest when the (tax-qualified) plan is either...
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Services
01. Criminal Law
Property Disputes and Personal Injury
Services
01. Criminal Law
Property Disputes and Personal Injury
- Nov 19, 2020
FAQ: What is Reliance?
What does it mean to be able to “rely” on the pre-approved document’s IRS individual determination letter or on an opinion or advisory...
- Nov 19, 2020
Amendment Deadline Alert: Defined Benefit & Money Purchase Pension Plans
The Bipartisan American Miners Act of 2019 (the “Miners Act”), enacted at the end of 2019, provides that effective for...
- Nov 19, 2020
Transition Relief for Certain Nonqualified Deferred Compensation Plans Expires on December 31, 2020
Internal Revenue Code (“IRC”) section 162(m) imposes a $1 million deduction limitation for compensation paid to “covered employees”...
- Oct 9, 2020
Special Notice requirement Under 403(b) Volume Submitter
Many sponsors of 403(b) plans have adopted pre-approved volume submitter plan documents in the last few years. If you are a...
- Aug 19, 2020
IRS to Increase User Fees for Certain Requests for Letter Rulings and Determination Letters
The IRS has provided advance notification in Announcement 2020-14 issued August 12, 2020 that effective January 4, 2021,user...
- Jun 30, 2020
What is “Walk-In CAP”?
A submission for an Employee Plans Voluntary Closing Agreements, also known as a “Walk-In CAP” is a program offered by the IRS where...
- Jun 19, 2020
What is a John Doe Submission
When filing a voluntary correction program submission (“VCP”), or for an Employee Plans Voluntary Closing Agreement (a “Walk-In...
- May 31, 2020
Deadline Extensions for Retirement Plans on Account of COVID-19
1. What guidance has been issued granting deadline extensions for retirement plans on account of COVID-19? The Internal Revenue...
- Apr 19, 2020
FAQ: Reducing or Eliminating Matching Contributions Mid-year
Employers wishing to reduce or eliminate a matching contribution during the middle of a plan year must be careful in assessing whether...
- Mar 9, 2020
FAQ: IRS Guidance Uncashed-Check
For a variety of reasons,some participants delay, neglect, or choose not to cash distribution checks. Uncashed distribution checks...
- Jan 15, 2020
2020 Health and Welfare Plan Dollar Limits
The Building Blocks of ERISA this month is the 2020 Health and Welfare Plan Annual Limits. 2020 Health and Welfare Benefit Plan Annual...
- Dec 19, 2019
Are you Secure in Your Knowledge About the Secure Act?
The “Setting Every Community Up for Retirement Enhancement Act of 2019” or “Secure Act” has been enacted and is expected to be signed by...
- Dec 3, 2019
2020 Retirement Plan Dollar Limits
The Building Blocks of ERISA this month is the 2020 Retirement Plan Annual Limits. 2020 Retirement Plan Annual Limits
- Sep 30, 2019
DOL Proposes New Default Electronic Disclosure Safe Harbor
The Department of Labor (DOL) has issued proposed regulations providing a safe harbor under which employers would be able to ...
- Aug 31, 2019
When Must Summary Plan Descriptions and Summaries of Material Modifications Be Distributed?
All employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) must distribute summary...
- Aug 29, 2019
What is a MEP?
A MEP is a “Multiple Employer Plan,” which is an employee benefit plan that provides benefits for two or more employers that are not part...
- Jun 30, 2019
What is a VFCP?
The Department of Labor (“DOL”) allows plan fiduciaries (including employers, plan officials, and parties in interest) to voluntarily...
- May 31, 2019
What is a Roth IRA?¹
A Roth IRA is a type of Individual Retirement Account (“IRA”) that is subject to the rules that apply to a traditional IRA, except for...
- Apr 30, 2019
What is a "Claim for Benefits" Under ERISA?
What is a “Claim for Benefits” Under ERISA? (Retirement Plans¹) ERISA has strict requirements for responding to and processing ...
- Apr 30, 2019
What is a VCP?
A VCP is a submission to the IRS through its Voluntary Correction Program offered under the Employee Plans Compliance Resolution System...
- Mar 31, 2019
When is a Plan "Under Examination?"
For purposes of certain corrections under the IRS’s Employee Plans Compliance Resolution Program (See: Rev. Proc. 2018-52), the plan...
- Feb 28, 2019
FAQ: DOL Penalties 2019
The U.S. Department of Labor published the increased monetary penalties applicable to employee benefit plans under the Employee ...
- Dec 31, 2018
Settlor v. Non-Settlor Plan Expenses
Plan sponsors often question which expenses can be paid with assets of their plan. Under ERISA, only certain expenses may be paid from...
- Nov 30, 2018
2019 Retirement Plan Dollar Limits
The IRS released updated dollar limits for 2019 Retirement and Health and Welfare plans. This month’s Building Blocks of ERISA cover the...
- Nov 30, 2018
2019 Health and Welfare Benefit Plan Dollar Limits
The IRS released updated dollar limits for 2019 Retirement and Health and Welfare plans. This month’s Building Blocks of ERISA cover the...
- Oct 31, 2018
- Oct 30, 2018
Corrections of Elective Deferral Failures in Automatic Contribution Arrangements
In order to encourage employers to use plan designs that include automatic contribution features (such as auto enrollment and auto ...
- Oct 7, 2018
What is “Auto-Enrollment”?
“Auto-enrollment” is a plan design feature that takes advantage of the common human tendency towards inertia to help employees save for...
- Sep 28, 2018
What is an “FSA”?
An FSA, or flexible spending account, is an account maintained under a Code Section 125 cafeteria plan to which an employee makes ...
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