Plan Administrators: An SPD is Not the Same Thing as a Plan Document
Frequently, when I ask a client—generally the person in human resources who is responsible for benefits administration—for a copy of the plan document, what I
Frequently, when I ask a client—generally the person in human resources who is responsible for benefits administration—for a copy of the plan document, what I
The definition of compensation in a retirement plan is a pivotal element that affects how deferrals, matching contributions, profit sharing contributions, and plan limits are
The various automatic deferral contribution arrangements in qualified retirement plans can be helpful and a headache at the same time. By making participation the plan
Among the many nuggets in Notice 2024-2 (Miscellaneous Changes Under SECURE 2.0 Act of 2022) (the “Notice”), affectionately referred to as the “grab bag” of
Everything is going paperless these days. Saving trees and speeding things up. The IRS announced in November 2023 that Form 5558 (Application for Extension of
Among the many employer duties involved in sponsoring employee benefits is the duty to keep employee data secure from cybercrime. It is common knowledge that
The IRS issued Notice 2023-75, announcing the 2024 dollar limits adjusted for cost-of-living that will apply to retirement plans. 2024 Cost of Living Adjustments: Elective
Qualified retirement plans must be very careful about lending plan assets. Loans from a plan to a disqualified person is generally a prohibited transaction under
What can you do if your company finds itself stuck with the seller’s retirement plan after an acquisition or merger? It’s often wiser to require
Offering an employee retirement plan has real upsides for the employer – attracting and retaining key talent is an obvious one. On the other side