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 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...Feb 11, 2020
Rick Pummill, CLU, QPA, QKA The Retirement Plan Company Rick has worked over 30 years in the development, management & administration of qualified retirement plans. Rick earned a Bachelor of Arts degree in Economics from Dartmouth College & received his Chartered Life Underwriter (CLU) designation from the American College and his...Feb 4, 2020
How the Secure Act is Changing Retirement Upcoming Compliance Deadlines How the SECURE Act is Changing Retirement On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. The SECURE Act represents some of the most significant changes to retirement plan law since the passage of the...Nov 19, 2019
On Sept. 23, the IRS published a final rule that relaxes several existing restrictions on participant hardship distributions from defined contribution plans. Some of these changes are mandatory, requiring employers to make the changes by Jan. 1, 2020, while others are optional. Though the IRS had issued the proposed regulations in 2018, the final...