IRS Issues New Secure 2.0 Interim Guidance re Overpayments
As we have previously posted, Secure 2.0 significantly changed the rules for correction of overpayments from qualified retirement plans (inc
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Archive
Oct 17
IRS Addresses Long-Term, Part-Time Employees in ERISA 403(b) Plans
On October 3rd, 2024, the IRS issued Notice 2024-73, addressing how ERISA 403(b) plans must treat long-term, part-time employees...
Oct 9
Winners and Losers and Lessons Learned
Another year of health and welfare litigation, another year of mixed results for both plaintiffs and defendants, but lessons for all.
Aug 2
Texas Federal Courts Stay Fiduciary Rule
On July 25, 2024, Judge Jeremy Kernodle of the U.S. District Court for the Eastern District of Texas temporarily blocked the US Department..
Jul 26
Attention Plan Sponsors: Don't Miss the Form 5500 Deadline!
The deadline to file or extend your calendar year Form 5500 for the 2023 Annual Return/Report of Employee Benefit Plan is approaching...
Jul 19
The IRS Has Issued Final Regulations About Required Minimum Distributions
The IRS has just issued very lengthy final regulations (TD 10001; RIN:1545-BP82) governing required minimum distributions (RMDs) that...
May 30
Recent Developments in 401(k) Forfeiture Cases: Key Updates for Plan Sponsors
We have two significant updates in the arena of 401(k) forfeiture cases that could have far-reaching implications for employers and plan spo
May 30, 2023
The End of the Covid-19 National Emergency: What Plan Sponsors Need to Know
New guidance effectively terminates several of the employee benefit plan mandates that were implemented when the National Emergency was...
May 30, 2023
Good News from the IRS (No Really!): IRS Issues Guidance on EPCRS After Secure 2.0
The IRS has now issued Notice 2023-43 which provides interim guidance on its interpretation of the Secure Act 2.0’s changes to the...
May 26, 2023
Updates to HSA Contribution Limits for 2024
The IRS has announced increases to the Health Savings Account (HSA) contribution limits for 2024. These adjustments are based on the...
May 18, 2023
The End of the COVID-19 National Emergency: What Plan Sponsors Need to Know
President Biden signed legislation terminating the COVID-19 National Emergency effective May 11, 2023, which ends several of the employee...
May 11, 2023
Important Deadlines and Updates for Defined Benefit Plan Sponsors and Pre-Approved Plan Providers
Restatement Deadlines for Defined Benefit Plan Sponsors The IRS has provided guidance on restatement deadlines for plan sponsors of...
May 5, 2023
Western Pension & Benefits Council Give a Fond Thank You to Alison Fay
In their Spring Newsletter, the Orange County Chapter of the Western Pension & Benefits Council thoughtfully highlighted Boutwell Fay's...
Apr 28, 2023
New Rules for Form 5500
The Department of Labor has issued new rules detailing a number of changes to Form 5500 and Form 5500-SF reporting, starting for plan...
Apr 20, 2023
Seventh Circuit Court of Appeals Writes the Next Chapter in Hughes v. Northwestern University
The lawsuit against Northwestern University (Hughes v. Northwestern University) claiming that it breached its fiduciary duties with...
Apr 13, 2023
Lost in Translation: Applying the New EPCRS Rules under Secure 2.0
In a tight labor market, a 401(k) plan (or other tax-favored retirement plan such as a 403(b) plan) is not really viewed as optional for...
Apr 6, 2023
Secure 2.0 Makes Big Changes to Recoupment of Overpayments
Secure 2.0 significantly changed the rules for correction and overpayments from a retirement plan.
Mar 28, 2023
Expanded Coverage For Part-Time Employees Under Secure 2.0
The SECURE 2.0 Act was signed into law in December 2022, and it expands the requirement to cover long-term part-time (LTPT) workers in...
Mar 24, 2023
Whose Money is it Anyway? IRS Proposes New Regulations Governing Plan Forfeitures
On February 27, 2023, the IRS published new proposed regulations governing the timing and use of forfeitures in qualified plans (both...
Mar 16, 2023
Secure 2.0 – Treating Student Loans as Elective Deferrals
SECURE 2.0 was signed into law in December 2022 as part of the Consolidated Appropriations Act of 2023. Effective for plan years...
Mar 8, 2023
Secure 2.0 Updates Family Attribution Rules For Aggregation of Businesses
In today’s post, we want to highlight two important ownership attribution rule changes for aggregation of businesses made by the SECURE...
Mar 2, 2023
Sherrie Boutwell Teaching at IFEBP's Navigating Benefit Plans Through Mergers and Acquisitions
Join Sherrie Boutwell and her co-instructor, Ilene H. Ferenczy, on March 15th & 16th, 2023 1:00 p.m.-4:00 p.m. ET for a two-day training...
Feb 23, 2023
Evan Giller's Article on Secure 2.0 for NBOA
After co-presenting at the recent 2023 Annual Meeting for NBOA, both Evan Giller, Boutwell Fay, LLP, and Gary Mauger, New Pinnacle...
Feb 17, 2023
Keeping it Simple under the Secure Act 2.0 for IRAs, SEPs & SIMPLE Plans
Among the sweeping retirement plan changes in the new Secure 2.0 law are a number of important and welcome enhancements for owners of...
Feb 16, 2023
SECURE 2.0 PERMITS SELF-CERTIFICATION OF HARDSHIP DISTRIBUTION CONDITIONS
The SECURE 2.0 Act (enacted in late December 2022) makes a welcome change to the administration of 401(k), 403(b), and 457(b) plans by...
Feb 9, 2023
A Valentine’s Day “KISS” for Small Retirement Plans:
Keeping it Simple under the Secure Act 2.0 for IRAs, SEPs & SIMPLE Plans Among the sweeping retirement plan changes in the new Secure 2.0...
Feb 7, 2023
Evan Giller to Present at the 2023 NBOA Annual Meeting & Business Solutions Showcase
Join Evan Giller of Boutwell Fay, LLP, and Gary Mauger of New Pinnacle Consulting Group/Pentegra for their session: So, I Can Join a...
Feb 3, 2023
Plan Sponsors: Prepare for Announced End to COVID-19 Outbreak Period
On January 30, President Biden announced that he would end the National Emergency related to the COVID-19 pandemic on May 11, 2023. This...
Jan 25, 2023
"Southern California Super Lawyer," 2023
To view Sherrie's listing in Southern California Super Lawyers, 2023, click here.
Jan 20, 2023
Secure 2.0 for 401(k) and 403(b) Plans: What Employers (and Their Advisors) Need to Know Now
On December 29, 2022, President Biden signed into law the Consolidated Appropriations Act of 2023, which includes the SECURE 2.0 Act of...
Jan 18, 2023
Sherrie Boutwell to present at the WP&BC 2023 Annual Legislative & Regulatory Update
Join Boutwell Fay's Sherrie Boutwell as she presents with JP Morgan's Dan Notto next week on Wednesday, January 25th from 3:30 PM - 7:00...
Jan 13, 2023
We Missed the July 2022 Restatement Deadline – What Do We Do Now? Answer: It’s Complicated
If you missed the July 2022 restatement deadline, all is not lost – you may not even have a problem.
Jan 5, 2023
Evan Giller to present at WP&BC's New Year Tidings 403(b) Plans Webinar
Join Boutwell Fay's Evan Giller as he presents on 403(b) plans along with Robert Toth, JD, of Toth Law and Consulting on Tuesday, 17 Jan...
Dec 29, 2022
Secure Act 2.0 2022 Means Changes for Retirement Plans
Secure Act 2.0 contains sweeping changes to retirement plan legislation.
Dec 22, 2022
Dec 8, 2022
Boutwell Fay, LLP is recognized in the 2023 Edition of U.S. News Best Law Firms
Boutwell Fay is proud to announce that our firm has been recognized in the 2023 Edition of U.S. News Best Law Firms, in the area of...
Nov 30, 2022
End of the Year Amendment Requirement for 457(b) Plans of Tax-Exempt Organizations
What plan sponsors of 457(b) plans need to know about SECURE Act, CARES Act, and the Miners Act affecting their end-of-the-year amendments.
Nov 21, 2022
Happy Thanksgiving from Boutwell Fay
Boutwell Fay wishes you a safe and happy holiday.
Nov 17, 2022
IRS Provides RMD Relief for Certain Death Beneficiaries
The IRS recently issued a notice which provides relief for certain missed IRC section 401(a)(9) required minimum death distributions.
Nov 10, 2022
New IRS Revenue Procedure for 403(b) Plans
The IRS has now issued Revenue Procedure 2022-40, affecting how plan sponsors request determination letters for a 403(b) plan.
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