Generally, the Internal Revenue Code (Code) requires all unvested benefits to immediately vest when the (tax-qualified) plan is either...

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...

The Bipartisan American Miners Act of 2019 (the “Miners Act”), enacted at the end of 2019, provides that effective for...

Internal Revenue Code (“IRC”) section 162(m) imposes a $1 million deduction limitation for compensation paid to “covered employees”...

Many sponsors of 403(b) plans have adopted pre-approved volume submitter plan documents in the last few years. If you are a...

The IRS has provided advance notification in Announcement 2020-14 issued August 12, 2020 that effective January 4, 2021,user...

A submission for an Employee Plans Voluntary Closing Agreements, also known as a “Walk-In CAP” is a program offered by the IRS where...

When filing a voluntary correction program submission (“VCP”), or for an Employee Plans Voluntary Closing Agreement (a “Walk-In...

1. What guidance has been issued granting deadline extensions for retirement plans on account of COVID-19? The Internal Revenue...

Employers wishing to reduce or eliminate a matching contribution during the middle of a plan year must be careful in assessing whether...

For a variety of reasons,some participants delay, neglect, or choose not to cash distribution checks. Uncashed distribution checks...

The Building Blocks of ERISA this month is the 2020 Health and Welfare Plan Annual Limits. 2020 Health and Welfare Benefit Plan Annual...

The “Setting Every Community Up for Retirement Enhancement Act of 2019” or “Secure Act” has been enacted and is expected to be signed by...

The Building Blocks of ERISA this month is the 2020 Retirement Plan Annual Limits. 2020 Retirement Plan Annual Limits

The Department of Labor (DOL) has issued proposed regulations providing a safe harbor under which employers would be able to ...

All employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) must distribute summary...

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...

The Department of Labor (“DOL”) allows plan fiduciaries (including employers, plan officials, and parties in interest) to voluntarily...

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...

What is a “Claim for Benefits” Under ERISA? (Retirement Plans¹) ERISA has strict requirements for responding to and processing ...

A VCP is a submission to the IRS through its Voluntary Correction Program offered under the Employee Plans Compliance Resolution System...

For purposes of certain corrections under the IRS’s Employee Plans Compliance Resolution Program (See: Rev. Proc. 2018-52), the plan...

The U.S. Department of Labor published the increased monetary penalties applicable to employee benefit plans under the Employee ...

Plan sponsors often question which expenses can be paid with assets of their plan. Under ERISA, only certain expenses may be paid from...

The IRS released updated dollar limits for 2019 Retirement and Health and Welfare plans. This month’s Building Blocks of ERISA cover the...

The IRS released updated dollar limits for 2019 Retirement and Health and Welfare plans. This month’s Building Blocks of ERISA cover the...

In order to encourage employers to use plan designs that include automatic contribution features (such as auto enrollment and auto ...

“Auto-enrollment” is a plan design feature that takes advantage of the common human tendency towards inertia to help employees save for...

An FSA, or flexible spending account, is an account maintained under a Code Section 125 cafeteria plan to which an employee makes ...