Closed DB Plan Nondiscrimination Relief Extended Further
The IRS and the Treasury Department expect that the final regulations regarding closed DB plans will not be published in time for plan sponsors to make plan design...
Tag: Discrimination Testing
New Comparability Plans Popular Among Small, Professional Companies
They allow the plan to give higher contributions to the owners.
Closed DB Plan Nondiscrimination Rules Bill Reintroduced
The bill amends the nondiscrimination rules to protect older workers in plans that have been closed or frozen.
Nondiscrimination Relief for Closed DBs Extended Again
The relief is available for plan years beginning before 2018, if certain conditions are satisfied.
Compensation Can Confuse Safe Harbor Plan Nondiscrimination Testing
A report by Daniel Schwallie, an attorney with Aon Hewitt’s Retirement Legal Consulting & Compliance practice, offers a guide for safe harbor plan nondiscrimination testing.
servicing strategies
Do They Belong?
Helping sponsors evaluate their options for nonactive participants
Failed Testing an Opportunity for Retirement Plan Advisers
An annual study from Judy Diamond Associates, ALM’s retirement plan intelligence provider, shows 54,493 401(k) plans failed their 2013 Internal Revenue Service (IRS) nondiscrimination tests.
IRS Extends Closed DB Nondiscrimination Relief
The IRS says proposed permanent amendments to nondiscrimination regulations can be anticipated.
Getting Auto-Enrollment Implementation Right
Implementing automatic enrollment without thinking through plan design can result in compliance and administrative issues.
IRS Updates Information About Retirement Plan Examinations
Two updated publications from the IRS discuss the employee plans examination process and appeal procedures.
Safe Harbor 401(k) Deadline Approaching
Safe harbor 401(k) plans require an initial plan year at least three months long, making October 1 the effective deadline for establishing a new safe harbor plan in...
Older, Wealthy and Still Working, Research Says
Some participants may be traditional retirement age, and they may have substantial assets, research from Bank of America Merrill Lynch says.
Helping Clients Avoid Failed ADP Tests
Many plan sponsors find some of their employees cannot take full advantage of 401(k) plans because of failed ADP tests.
Seyfarth Shaw Launches Employee Benefits Center
Seyfarth Shaw, a law firm specializing in employment and benefits law, unveiled a new Employee Benefits Administrative Service Center for retirement plan clients.
WMSI Releases Small Plan Comparison Tool
Wealth Management Systems Inc. (WMSI) launched a small business retirement plan comparison calculator that can help growing employers benchmark retirement plan performance.
Companies Focus on Elective Deferred Compensation
When it comes to executive retirement arrangements, a recent study reveals a continued emphasis by U.S. companies on elective deferred compensation.
Groups Call For More Closed-DB Testing Relief
A number of industry groups have recommended expansions to nondiscrimination testing relief for closed defined benefit (DB) plans.
Failed to Provide Safe Harbor Notice?
Failed to provide the safe harbor 401(k) plan notice to employees eligible to participate in the plan? There’s a fix for that.
JHS Capital Adds Lincoln Model(k) Solution
JHS Capital Advisors now offers Lincoln Trust Co.’s Model(k) plan solution for broker/dealers in the small and mid-sized 401(k) market.
Nondiscrimination Relief for Closed DBs
The Internal Revenue Service (IRS) has temporarily addressed the problem of discrimination defined benefit (DB) plan sponsors may have due to closed plans.