Bipartisan Budget Act of 2018
The Bipartisan Budget Act of 2018 impacts hardship distributions from defined contribution plans.
2018 Census Request Reporting
The 2018 census request is a tool for plan administrators to report the employee data required for annual testing and other important business changes.
Safe Harbor Plan Amendments
Do you or your clients have a 401(k) plan that could benefit from amending to include a safe harbor provision?
OMB Completes Review of the Presidential Executive Order on Increasing Retirement Security in America
As outlined in our recent article, Executive Order on Increasing Retirement Security in America, President Trump executed this order to make it easier for businesses to join together to offer multiple employer plans, which are referred to as Association Retirement...
National TPA Day
John Hancock has declared October 16, 2018 the fourth annual National TPA Day as a way to acknowledge what TPAs do to make 401(k) plans work the way they should. We love helping our clients understand and implement retirement plans designed to meet their goals. As a...
Executive Order on Strengthening Retirement Security in America
The goal of President Trump’s executive order is to expand access to retirement plans for American workers at small to mid-sized companies.
Switch From Offering a Simple IRA to a 401(k) Plan
Do you or your clients have a SIMPLE IRA but could benefit from establishing a 401(k) plan? It’s not too late to make the change for 2018.
Sufficient Tax Withholding from Pension Payments
The IRS urges everyone (including retirees) to use their Withholding Calculator to determine if they have sufficient tax withholding from pension payments.
Is This a Sham Termination?
Is a distribution from a retirement plan valid if the participant is rehired after the distribution occurs or is this a sham termination?
Safe Harbor Hardship Withdrawal Guidelines
The IRS requires Plan Sponsors to adhere to specific safe harbor hardship withdrawal guidelines for the distribution to take place.
Cash Balance Plans Continue Outpacing 401(k) Plan Growth
The number of new cash balance plans adopted by employers increased 15% in 2016 (the most recent year that full 5500 data is available), compared to a 1% growth in 401(k) plans. Why have cash balance plans experienced so much growth? Several factors contributed to the...
Michigan Now Requires More Disclosure from Local Governments Regarding their Pension and Retiree Health Systems
Michigan Public Act 202 requires more disclosure from local governments regarding their pension and retiree health systems.