New Electronic Disclosure Rules Proposed by the DOL and its DetailsThe Department of Labor has proposed that retirement plans would need to have a new safe harbor process for the electronic delivery of participant notices. This comes as [...]
ERISA, which stands for Employee Retirement Income Security Act is a federal law that safeguards retirement plans such as 401ks and health and welfare benefit plans for private employers. The law has been amended many times since [...]
Form 5500 Answers, Wrap Plans, and Benefits Compliance Want Form 5500 Answers? The Form 5500 series is a joint development by the DOL, the IRS, and the PBGC. It is a series of returns used to register information on employee [...]
When you have a lot on your plate, it’s easy to forget to complete important tasks. If you haven’t taken the time to review your wrap documents for benefits compliance, now is the time for you to [...]
Recently and without excitement, the IRS (Internal Revenue Service) released an upgraded variation of its Staff member Plans Compliance Resolution System (EPCRS). The brand-new EPCRS is stated in Earnings Treatment 2016-51 (Rev. Proc. 2016-51) and works January 1, 2017. The present EPCRS, which [...]
Benefit plan penalties could soon see an upward adjustment to account for inflation. Most of these benefit plan penalties have not seen any updates for years. It is the duty of benefit plan managers to ensure that [...]
At the beginning of this year, JPMorgan Chase & Co. defeated another lawsuit that challenged losses in its ESOP (employee stock ownership plans) and 401(k) plans, even though a U.S. Supreme Court ruling recently changed the standard [...]
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