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Watkins Ross


Changes to Hardship Rules

Recent regulatory changes as a result of the Tax Cuts and Jobs Act of 2017 (“Tax Cuts Act”) and the Bipartisan Budget Act of 2018 (“Budget Act”) may impact certain provisions of your 401(k) Plan. Many of these changes will become effective the first day of the plan...

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If your plan had distributions from your retirement plan this year, you must report to the participants on a Form 1099-R. A distribution will have occurred from your plan for a number of reasons including a cash or rollover distribution due to terminations,...

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Bipartisan Budget Act of 2018

The Bipartisan Budget Act of 2018 is a federal law regarding the US spending and budget that was signed into law by the President on February 9, 2018. Impacts on Hardship Distributions from Defined Contribution Plans For plan years beginning January 1, 2019, the...

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2018 Census Request Reporting

Can you believe we’re already in the last quarter of 2018? This means it’s time to think about completing the 2018 census request for calendar plan years! Whether you’ve done this for years or you’re new to the process, it’s important to remember why we ask for this...

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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? There is still time left to make the change this year! Generally, the plan must be amended on or before November 30, 2018 to implement the change. Advantages...

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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...

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