May 26, 2020
By : Scott M. Cloud, MBA, CPC During the past six months there’s been a flurry of retirement plan regulatory/legislative changes between the SECURE Act and CARES Act (and subsequent coronavirus-related relief), and on Thursday, May 21st the DOL announced the final rules enabling required plan notifications, disclosures, and other materials to be...Apr 28, 2020
By: Scott M. Cloud, MBA, CPC Administered by the Department of Labor (DOL), the Employee Retirement Income Security Act (ERISA) provides the federal statutory framework for fiduciary compliance standards in 401(k) plans, profit sharing plans, money purchase plans, defined benefit plans, and some 403(b) plans. Three sections of ERISA that receive...Apr 16, 2020
IMPORTANT HIGHLIGHTS The Coronavirus Aid, Relief and Economic Security (CARES) Act includes provisions that may apply to your retirement plan. Here are some important highlights to know first. The CARES ACT expands and relaxes rules on withdrawals, participant loans, and defers mandatory distributions for participants of 401(k) and most...Apr 9, 2020
Understanding the CARES ActUpcoming Compliance Deadlines for Calendar-Year PlansAsk the Experts Understanding the CARES Act On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a massive relief bill for those suffering as a result of the Coronavirus pandemic, was signed into law. Besides the generalized...Mar 30, 2020
On Friday afternoon the President signed into law an unprecedented $2 trillion stimulus bill to rescue the U.S. economy, including retirement plan provisions which will bring relief to many participants and employers alike. It is called the Coronavirus Aid, Relief, and Economic Security (CARES) Act. As for the retirement-based provisions, it...