by newwatkinsross | Feb 10, 2022 | 401(K) Plans, Health Plans, Retirement Plans
What Are Controlled Groups and Controlled Group Rules? Controlled group rules exist to prevent business owners from subdividing their company into two separate companies – one employing highly compensated employees (HCEs) with a retirement plan and the other...
by newwatkinsross | Jan 10, 2022 | 401(K) Plans, Retirement Plans
402(g) Limit on Elective Deferrals – It’s Personal Code section 402(g) limits the amount an individual can defer to a 401(k) plan during a calendar year, and it applies at an individual level, not at a plan level. An individual’s elective deferrals are the sum of all...
by Edward Smith | Dec 17, 2021 | Retirement Plans
To Bond or Not to Bond, That Is The Question Many public employer sponsors of pension and/or Other Post-Employment Benefit (OPEB) plans are considering issuing taxable Pension Obligation Bonds (POB) as a way of closing any funding gaps that might exist in their...
by newwatkinsross | Nov 24, 2021 | 401(K) Plans, 403(B) Plans, Defined Benefit Plans, Retirement Plans
In-Service Distributions from Defined Benefit Plans In December 2019, the Bipartisan American Miners Act of 2019 (BAMA) was signed into law and allowed in-service distributions for plan participants to commence at age 59 ½. The previous age requirement to allow these...
by newwatkinsross | Oct 21, 2021 | Latest News, Multi-Employer Plans, Retirement Plans
Financial Assistance to Troubled Multiemployer Pension Plans On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARPA), which includes much-needed relief for multiemployer plans. Many plans are already insolvent, with the PBGC paying the...
