June Newsletter

Our June newsletter, “Fun with Forfeitures”, provides an in-depth look at 401(k) plan forfeitures, which are the non-vested amounts that are “given up” by plan participants in certain instances (most commonly when a former employee takes a distribution prior to becoming fully-vested). The newsletter discusses events that can trigger forfeitures, amounts that are sometimes mistaken for plan forfeitures, how the sponsoring employer can elect to use forfeitures, and ways to ensure that forfeitures are handled in a compliant manner. The newsletter can be viewed here.