Category: Retirement Plans

Late 401K Deposits Due to COVID-19
Documenting Late 401(k) Plan Deposits Due To COVID-19

The DOL has provided relief for retirement plan sponsors who have been late remitting employee…

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IRS Changes To Tax Capital Reporting Requirements
2021 Cost of Living Adjustments for Qualified Retirement Plans

The government’s annual cost-of-living adjustments (COLA) for 2021 have been announced by the Internal Revenue…

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Electronic Retirement Plan Disclosures
DOL Finalizes Rule on Electronic Disclosure of Retirement Plan Documents

The Department of Labor (DOL) recently finalized a rule that makes it easier for plan…

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401(k) Missed Deadlines Due to COVID-19
Addressing Missed 401(k) Plan Deadlines During COVID-19

The federal government has offered relief for 401(k) plan sponsors who may have missed some…

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Retirement Planning
IRS Extends Relief for 2020 RMD Waivers and Rollovers

IRS extended the deadline for retirement plan participants to return an unwanted RMD to their…

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Company Retirement Plans
Workforce Reductions and the Impacts to Company Retirement Plans

While furloughs and layoffs have a significant and immediate impact on a company’s operations, plan…

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ASC 820 Fair Value Disclosures
Disclosure Requirements for Benefit Plan Assets & Liabilities (ASC 820)

The Financial Accounting Standards Board (FASB) has simplified certain disclosure requirements related to measuring the…

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Partial Plan Termination
What Plan Sponsors Need to Know About Layoffs and Partial Plan Termination

While downsizing the workforce can help companies remain afloat, plan sponsors need to understand how…

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Retirement Plan Cybersecurity
Remote Working and Cybersecurity Considerations for Retirement Plan Sponsors

With a surge in remote working, plan sponsors need to think about protecting retirement plan…

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SECURE Act Retirement Planning
SECURE Act: Educating Employees About What It Means for Them

The SECURE Act includes many changes designed to help strengthen employees’ retirement security, but employees…

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