FAQ

Dec 31, 20201 min read

What is a Partial Plan Termination

Generally, the Internal Revenue Code (Code) requires all unvested benefits to immediately vest when the (tax-qualified) plan is either...

69 views

Nov 19, 20202 min read

FAQ: What is Reliance?

What does it mean to be able to “rely” on the pre-approved document’s IRS individual determination letter or on an opinion or advisory...

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Nov 19, 20201 min read

Amendment Deadline Alert: Defined Benefit & Money Purchase Pension Plans

The Bipartisan American Miners Act of 2019 (the “Miners Act”), enacted at the end of 2019, provides that effective for...

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Nov 19, 20202 min read

Transition Relief for Certain Nonqualified Deferred Compensation Plans Expires on December 31, 2020

Internal Revenue Code (“IRC”) section 162(m) imposes a $1 million deduction limitation for compensation paid to “covered employees”...

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Oct 9, 20203 min read

Special Notice requirement Under 403(b) Volume Submitter

Many sponsors of 403(b) plans have adopted pre-approved volume submitter plan documents in the last few years. If you are a...

141 views

Aug 19, 20203 min read

IRS to Increase User Fees for Certain Requests for Letter Rulings and Determination Letters

The IRS has provided advance notification in Announcement 2020-14 issued August 12, 2020 that effective January 4, 2021,user...

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Jun 30, 20201 min read

What is “Walk-In CAP”?

A submission for an Employee Plans Voluntary Closing Agreements, also known as a “Walk-In CAP” is a program offered by the IRS where...

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Jun 19, 20202 min read

What is a John Doe Submission

When filing a voluntary correction program submission (“VCP”), or for an Employee Plans Voluntary Closing Agreement (a “Walk-In...

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May 31, 20202 min read

Deadline Extensions for Retirement Plans on Account of COVID-19

1. What guidance has been issued granting deadline extensions for retirement plans on account of COVID-19? The Internal Revenue...

62 views

Apr 19, 20202 min read

FAQ: Reducing or Eliminating Matching Contributions Mid-year

Employers wishing to reduce or eliminate a matching contribution during the middle of a plan year must be careful in assessing whether...

1,081 views

Mar 9, 20202 min read

FAQ: IRS Guidance Uncashed-Check

For a variety of reasons,some participants delay, neglect, or choose not to cash distribution checks. Uncashed distribution checks...

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Jan 15, 20201 min read

2020 Health and Welfare Plan Dollar Limits

The Building Blocks of ERISA this month is the 2020 Health and Welfare Plan Annual Limits. 2020 Health and Welfare Benefit Plan Annual...

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Dec 19, 20192 min read

Are you Secure in Your Knowledge About the Secure Act?

The “Setting Every Community Up for Retirement Enhancement Act of 2019” or “Secure Act” has been enacted and is expected to be signed by...

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Dec 3, 20191 min read

2020 Retirement Plan Dollar Limits

The Building Blocks of ERISA this month is the 2020 Retirement Plan Annual Limits. 2020 Retirement Plan Annual Limits

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Sep 30, 20192 min read

DOL Proposes New Default Electronic Disclosure Safe Harbor

The Department of Labor (DOL) has issued proposed regulations providing a safe harbor under which employers would be able to ...

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Aug 31, 20192 min read

When Must Summary Plan Descriptions and Summaries of Material Modifications Be Distributed?

All employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) must distribute summary...

1,678 views

Aug 29, 20192 min read

What is a MEP?

A MEP is a “Multiple Employer Plan,” which is an employee benefit plan that provides benefits for two or more employers that are not part...

540 views

Jun 30, 20192 min read

What is a VFCP?

The Department of Labor (“DOL”) allows plan fiduciaries (including employers, plan officials, and parties in interest) to voluntarily...

253 views

May 31, 20192 min read

What is a Roth IRA?¹

A Roth IRA is a type of Individual Retirement Account (“IRA”) that is subject to the rules that apply to a traditional IRA, except for...

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Apr 30, 20192 min read

What is a "Claim for Benefits" Under ERISA?

What is a “Claim for Benefits” Under ERISA? (Retirement Plans¹) ERISA has strict requirements for responding to and processing ...

678 views

Qualified and Non-Qualified Deferred Compensation Plans

Health and Welfare Plans

Plan Correction and Government Audits

Qualified and Non-Qualified Deferred Compensation Plans

Health and Welfare Plans

Plan Correction and Government Audits

Services

01. Criminal Law

Property Disputes and Personal Injury

Services

01. Criminal Law

Property Disputes and Personal Injury