Tag: retirement plans
2020 Form 5500 Not Needed for Retroactively Adopted Retirement Plans
On August 6, 2021, the IRS announced that employers who in 2021 retroactively adopt a…
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House Ways and Means Committee Releases Initial Tax Proposals
On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes…
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401(k) Plan Restatements Required by July 2022
For defined contribution plans, the current restatement cycle will close on July 31, 2022, meaning…
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Boost Tax Deductions by Adopting a Workplace Retirement Plan
Employers who could use a federal income tax deduction for 2020 can consider retroactively adopting…
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Audit Communications to Plan Sponsors Under SAS 136
SAS 136 will meaningfully change the employee benefit plan audit process for plan sponsors with…
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Navigating the Complexities of Nonqualified Deferred Compensation Plans
While NQDC plans are common among U.S. companies, some employers may not be aware of…
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DOL Issues Cybersecurity Guidance for Retirement Plans
Earlier this year, the Department of Labor (DOL) outlined a range of practices for combatting…
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Retirement Contribution Extensions, Tax Increases, and More Market-Related News This Week
Our team is monitoring deadline extensions, potential tax increases, and more market-related news that could…
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Hardship Distributions: What Retirement Plan Sponsors Need to Know About Complying with Recent Changes
Retirement plan sponsors should review these recent changes related to hardship distributions to ensure compliance…
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Upcoming Changes to ERISA Benefit Plan Audits: What Plan Sponsors Need to Know
Plan sponsors should begin preparing for new standards related to ERISA employee benefit plans, including…
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