What is a VCP?
A VCP is a submission to the IRS through its Voluntary Correction Program offered under the Employee Plans Compliance Resolution System...
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Mar 31, 20192 min read
When is a Plan "Under Examination?"
For purposes of certain corrections under the IRS’s Employee Plans Compliance Resolution Program (See: Rev. Proc. 2018-52), the plan...
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Feb 28, 20191 min read
FAQ: DOL Penalties 2019
The U.S. Department of Labor published the increased monetary penalties applicable to employee benefit plans under the Employee ...
9 views
Dec 31, 20182 min read
Settlor v. Non-Settlor Plan Expenses
Plan sponsors often question which expenses can be paid with assets of their plan. Under ERISA, only certain expenses may be paid from...
861 views
Nov 30, 20181 min read
2019 Retirement Plan Dollar Limits
The IRS released updated dollar limits for 2019 Retirement and Health and Welfare plans. This month’s Building Blocks of ERISA cover the...
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Nov 30, 20181 min read
2019 Health and Welfare Benefit Plan Dollar Limits
The IRS released updated dollar limits for 2019 Retirement and Health and Welfare plans. This month’s Building Blocks of ERISA cover the...
11 views
Oct 30, 20183 min read
Corrections of Elective Deferral Failures in Automatic Contribution Arrangements
In order to encourage employers to use plan designs that include automatic contribution features (such as auto enrollment and auto ...
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Oct 7, 20182 min read
What is “Auto-Enrollment”?
“Auto-enrollment” is a plan design feature that takes advantage of the common human tendency towards inertia to help employees save for...
341 views
Sep 28, 20182 min read
What is an “FSA”?
An FSA, or flexible spending account, is an account maintained under a Code Section 125 cafeteria plan to which an employee makes ...
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Jun 30, 20182 min read
What is EPCRS?
EPCRS stands for the “Employee Plans Compliance Resolution System,” which is a comprehensive system of correction programs for sponsors...
218 views
May 31, 20182 min read
What is a Safe Harbor 401(k) Plan?
A “Safe Harbor” 401(k) Plan is a type of 401(k) plan that is designed to automatically pass the otherwise applicable nondiscrimination ...
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Apr 30, 20182 min read
What is an ERISA Fidelity Bond?
A fidelity bond is a specific type of insurance mandated by ERISA §412 to protect plans from losses that result from acts of fraud or...
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Apr 27, 20182 min read
Code Section 410(b) Transition Period Following a M&A Transaction
What is a “410(b) Transition Period”? A 410(b) transition period is a period following a transaction in which a company that maintains a...
1,491 views
Mar 29, 20181 min read
Monetary Penalties Applicable to Employee Benefits Plans Under ERISA
The U.S. Department of Labor published the increased monetary penalties applicable to employee benefit plans under the Employee Retirement...
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Mar 17, 20181 min read
Differences in Disclosure Requirements for Group Health Plan Changes
The Employee Retirement Income Security Act (“ERISA”) requires group health plans to provide a summary of material modifications (“SMM”)...
165 views
Feb 17, 20181 min read
DOL Penalties
The U.S. Department of Labor published the increased monetary penalties applicable to employee benefit plans under the Employee Retirement...
7 views
Jan 30, 20182 min read
VCP Fees Effective January 2, 2018
Effective January 2, 2018, the IRS simplified the user fees charged for most submissions made under the Voluntary...
11 views
Dec 29, 20171 min read
How is an Employer Shared Responsibility Payment calculated?
© Boutwell Fay LLP 2017, All Rights Reserved. This chart is for information purposes only, and may constitute attorney ...
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Nov 29, 20172 min read
What is a QSLOB?
In addition to being a favorite acronym under the Internal Revenue Code, and there are plenty to choose from, a QSLOB is...
4,116 views
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