Rules and Taxation of 401(k) Plan Distributions In This Issue Introduction Rollover vs. Cash Distribution Mandatory Federal Tax Withholding 10% Premature Distribution Penalty Retirement and Termination Disability Benefits Death Benefits Required Minimum Distributions Hardship Distributions IRS Special Tax Notice and Reporting Summary 2017 IRS Annual Limits Continue reading
Keeping Abreast of Plan Loan Rules In This Issue Introduction Background Loan Requirements Plan Document Loan Policy Maximum and Minimum Amounts Number of Loans Interest Rate Amortization Other Repayment Terms Documentation Conclusion Continue reading
DOL Issues New Fiduciary Rule In This Issue: Introduction Background Activities Considered Investment Advice Advice Provider Relationship Activities not Considered Investment Advice Providing an Investment Platform for Directed Investment Selection and Monitoring Assistance for Plan Fiduciaries Investment Education Advice Provided by Employees General Communications Best Interest Contract (BIC) Exemption What Plan Sponsors Need to Know Continue reading
A Fresh Look at Your Form 5500 Filing-April 2016 Newsletter In This Issue: Introduction How is the Form 5500 Data Utilized? Which plans are considered “small”? Which plans need an accountant’s audit? What is the due date for filing the Form 5500? What’s new on the 2015 Form 5500? What information was the IRS attempting to collect? Is this information readily available? Why wouldn’t the preparer want to show his or her information on the filing? What are some questions that are significant to filers? Employer Contributions Making Benefit Payments When Due Timely Deposit of Participant Contributions What information must be reported to the plan participants? Conclusion Continue reading
Part-Time Employees in 401(k) Plans-February 2016 Newsletter In This Issue: Introduction Minimum Age and Service Requirements Entry Date Effect of a Short Service Requirement Excluding Classes of Employees Excluding Part-Time Employees with a Fail Safe Provision Service Requirements for Employer Contributions Impact on ADP and ACP Tests Making Excluded Participants Whole Conclusion Continue reading
