The Internal Revenue Service (IRS) has issued Revenue Procedure 2016-47, which provides for a new self-certification procedure for participants who receive retirement plan distributions but inadvertently miss the 60-day time...more
8/30/2016
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Distribution Rules ,
Employee Benefits ,
Individual Retirement Account (IRA) ,
IRA Rollovers ,
IRS ,
Plan Administrators ,
Private Letter Rulings ,
Retirement Plan ,
Self-Certification ,
Tax Code ,
Waivers
Late last year, another lawsuit was brought on behalf of participants in a 401(k) plan alleging breaches of fiduciary duties resulting from allegedly high plan fees. This type of case is not novel; the law firm that brought...more
Late last year, another lawsuit was brought on behalf of participants in a 401(k) plan alleging breaches of fiduciary duties resulting from allegedly high plan fees. This type of case is not novel; the law firm that brought...more
To simplify the rollover validation process, the Internal Revenue Service (IRS) has issued a new Revenue Ruling 2014-9 that provides guidance on the process for a trustee-to-trustee tax-free rollover between tax-qualified...more
4/4/2014
/ Benefit Plan Sponsors ,
Form 5500 ,
Hiring & Firing ,
Individual Retirement Account (IRA) ,
IRA Rollovers ,
IRS ,
New Hires ,
Plan Administrators ,
Qualified Retirement Plans ,
Retirement Plan ,
Tax-Free Transfers