By Robert Richter
A common question regarding the CARES Act distribution, loan and required minimum distribution (RMD) waiver provisions is whether these provisions are optional or mandatory. In most cases, they are optional – but in the retirement world there are very few questions where a short answer will suffice… – READ MORE
By Robert Richter
A common question regarding the CARES Act distribution, loan and RMD waiver provisions is whether these provisions are optional or mandatory. In most cases, they are optional—but in the retirement world there are very few questions where a short answer will suffice… – READ MORE
By Robert Richter
Are the CARES Act’s distribution, loan and RMD waiver provisions optional or mandatory? In most cases, they are optional—but in the retirement world there are very few questions where a short answer will suffice… – READ MORE
Click HERE to view IRS Announces 2018 Pension Plan Limitations; 401(k) Contribution Limit Increases to $18,500 for 2018.
(Excerpted from original article) Click Here to read the article in its entirety.
Fiduciary concerns may have prevented plan committees from considering “economically targeted investments” (ETI) – such as investments that observe environmental, social or governance responsibility (ESG) standards – as alternatives for their plans. Recent Department of Labor guidance, Interpretive Bulletin 2015-01 (the “Bulletin”), provides […]
Click HERE to view/download the PDF.
In general, 401k plan records must be kept for a period of not less than six years after the filing date of the IRS Form 5500 created from those records. However, records necessary to a participant’s claim for plan benefits must be kept … as long as a possibility exists that they might be relevant […]
Here is a link to a great article about what the Supreme Court’s ruling means for same-sex-marriage and employee benefit plans. If you have any questions about how this ruling might effect you, please give us a call at 310-665-0578.
What Does the Supreme Court’s Same-Sex Marriage Ruling Mean for Employee Benefit Plans?
Taxpayers interested in receiving helpful consumer tips this summer to get a jump start on this year’s taxes should consider subscribing to IRS Summertime Tax Tips. Click the link to subcribe today! IRS Tax Tips.
The IRS began offering its Summertime Tax Tip series which include useful information in English and Spanish. Tax Tip subscribers receive […]
IRS Rev. Proc 2015-32: Penalty Relief Program
Late Annual Reporting for Non-Title I Retirement Plans (‘One-Participant Plans’ and Certain Foreign Plans)
(Download PDF 9 pages)
“This revenue procedure establishes a permanent program to provide administrative relief from the penalties imposed … for a failure to timely comply with the annual reporting requirements. Filers may not seek relief for […]