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    Qualified and Non-Qualified Deferred Compensation Plans

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    Health and Welfare Plans

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    Plan Correction and Government Audits

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    Qualified and Non-Qualified Deferred Compensation Plans

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    Health and Welfare Plans

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    Plan Correction and Government Audits

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    Services

    01. Criminal Law

    Property Disputes and Personal Injury

    Services

    01. Criminal Law

    Property Disputes and Personal Injury

    Ruel Pile
    • Dec 31, 2020
    • 1 min

    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...
    21 views0 comments
    Boutwell Fay
    • Nov 19, 2020
    • 1 min

    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...
    11 views0 comments
    Boutwell Fay
    • Nov 19, 2020
    • 2 min

    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”...
    14 views0 comments
    FAQ: What is Reliance?
    Sherrie Boutwell
    • Nov 19, 2020
    • 2 min

    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...
    16 views0 comments
    Special Notice requirement Under 403(b) Volume Submitter
    Evan Giller
    • Oct 9, 2020
    • 3 min

    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...
    45 views0 comments
    IRS to Increase User Fees for Certain Requests for Letter Rulings and Determination Letters
    Milton Heber
    • Aug 19, 2020
    • 3 min

    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...
    22 views0 comments
    Kathleen Bass
    • Jun 30, 2020
    • 1 min

    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...
    16 views0 comments
    Kathleen Bass
    • Jun 19, 2020
    • 2 min

    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...
    7 views0 comments
    Deadline Extensions for Retirement Plans on Account of COVID-19
    Milton Heber
    • May 31, 2020
    • 2 min

    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...
    28 views0 comments
    FAQ: Reducing or Eliminating Matching Contributions Mid-year
    Kathleen Bass
    • Apr 19, 2020
    • 2 min

    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...
    205 views0 comments
    FAQ: IRS Guidance Uncashed-Check
    Boutwell Fay
    • Mar 9, 2020
    • 2 min

    FAQ: IRS Guidance Uncashed-Check

    For a variety of reasons,some participants delay, neglect, or choose not to cash distribution checks. Uncashed distribution checks...
    11 views0 comments
    2020 Health and Welfare Plan Dollar Limits
    Boutwell Fay
    • Jan 15, 2020
    • 1 min

    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...
    9 views0 comments
    Boutwell Fay
    • Dec 19, 2019
    • 2 min

    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...
    15 views0 comments
    2020 Retirement Plan Dollar Limits
    Boutwell Fay
    • Dec 3, 2019
    • 1 min

    2020 Retirement Plan Dollar Limits

    The Building Blocks of ERISA this month is the 2020 Retirement Plan Annual Limits. 2020 Retirement Plan Annual Limits
    6 views0 comments
    DOL Proposes New Default Electronic Disclosure Safe Harbor
    Kathleen Bass
    • Sep 30, 2019
    • 2 min

    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 ...
    6 views0 comments
    Kathleen Bass
    • Aug 31, 2019
    • 2 min

    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...
    422 views0 comments
    Sherrie Boutwell
    • Aug 29, 2019
    • 2 min

    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...
    50 views0 comments
    Katrina Veldkamp
    • Jun 30, 2019
    • 2 min

    What is a VFCP?

    The Department of Labor (“DOL”) allows plan fiduciaries (including employers, plan officials, and parties in interest) to voluntarily...
    32 views0 comments
    What is a Roth IRA?¹
    Sherrie Boutwell
    • May 31, 2019
    • 2 min

    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...
    13 views0 comments
    Boutwell Fay
    • Apr 30, 2019
    • 2 min

    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...
    32 views0 comments
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