The IRS requires Plan Sponsors to adhere to specific safe harbor hardship withdrawal guidelines for the distribution to take place.
Safe Harbor Hardship Withdrawal Guidelines
read more
/ Tag:
Compliance
Attribution Rules – The Family Tree
You don’t get to choose your family, and the same holds true with family attribution rules; but a company’s ownership is critical for accurate testing.
Requirements For A Qualified Domestic Relations Order (QDRO)
It is imperative for a Qualified Domestic Relations Order (QDRO) to meet the various requirements before a benefit is paid out of the plan.
Retirement Plan Check-up
The best way to avoid long-running errors on your retirement plan is to complete a Retirement Plan Check-up twice a year; in the summer and winter.
Defined Benefit Plan Compliance Calendar
A qualified retirement plan must meet various requirements throughout the year in order to retain the qualified status. If you are responsible for administering your company’s defined benefit plan, it’s critical to meet these deadlines. From making quarterly...
Defined Contribution Plan Compliance Calendar
Download the 2018 defined contribution plan compliance calendar to help you stay on top of your 401(k) plan deadlines this year.
IRS Electronic Media Guidance
The IRS Electronic media guidance methods may be used to deliver most plan information required under the Internal Revenue Code.
DOL Electronic Disclosure Guidance
The DOL Electronic Disclosure guidelines recognize two Safe Harbor methods in addition to two supplemental methods
Required Minimum Distributions From Defined Contribution Plans
Once you reach age 70 ½, the IRS requires you to take money out of your retirement account. This withdrawal is called a Required Minimum Distribution (RMD). Most people don’t give RMDs much thought until they have to take one. Required Beginning Date For defined...
Census Request & The Data Requested
It’s important to understand the census request and the data requested from your TPA to avoid inaccurate tests and potential penalties.