Newsletter Articles

 

We’ve archived a series of our Benefit Insights newsletters to help answer questions you might have about the operation and administration of retirement plans, as well as periodic legislative changes.

You’ll find new articles here every quarter.

Special Edition 2020

Special Edition 2020

The end of the year is quickly approaching which means annual data collection requests for many plan sponsors. We all know the drill by now, annual census data, an employer questionnaire, and plan asset information. While this process may be all too familiar for some plan sponsors and their advisors, due to the ongoing

Fall 2020

Fall 2020

On October 26, 2020, the IRS announced the Cost of Living Adjustments affecting the dollar limitations for retirement plans. Contribution and benefit increases are intended to allow participant contributions and benefits to keep up with the “cost of living” from year to year. Here are the highlights from the 2021 limits:

The SECURE Act Reminders

The SECURE Act Reminders

With so much discussion surrounding the CARES Act, it is easy to forget that 2019 brought us some of the most significant changes to retirement plan law since the passage of the Pension Protection Act of 2006. This legislation came to us by virtue of The Setting Every...

Upcoming Compliance Deadlines for Calendar-Year Plans

Upcoming Compliance Deadlines for Calendar-Year Plans

1st December 2020 Participant Notices Annual notices due for safe harbor elections, Qualified Default Investment Alternatives (QDIA), and Automatic Contribution Arrangements (EACA or QACA). 31st ADP/ACP Corrections Deadline for a plan to make ADP/ACP corrective...

The CARES Act Update

The CARES Act Update

2020 has been a difficult year with many unexpected challenges. For companies that sponsor retirement plans, some of these challenges came in the form of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. While the CARES Act provided much needed relief to...

Required Year-End Participant Notices

Required Year-End Participant Notices

As the end of the year approaches, our to-do lists become longer but our bandwidth becomes condensed. To compound matters, when you sponsor a retirement plan, you know you will be in close contact with your TPA firm about the various year-end notices that must be...