Employers that do not timely deposit participant deferrals and loan contributions to their employer sponsored retirement plans can be subject to Department of Labor (DOL) penalties for breaching their fiduciary duties....more
6/10/2025
/ Benefit Plan Sponsors ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Contributions ,
Employer Contributions ,
Excise Tax ,
Fiduciary Duty ,
IRS ,
New Guidance ,
Penalties ,
Prohibited Transactions ,
Retirement Plan ,
Tax Liability
The retirement plan industry has been wrestling with the changes to required minimum distribution (RMD) provisions made by the SECURE Act and SECURE 2.0. One issue in particular has caused considerable confusion....more
8/28/2024
/ Beneficiaries ,
Distribution Rules ,
Employee Benefits ,
Excise Tax ,
Guidance Update ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
New Rules ,
Relief Measures ,
Required Minimum Distributions ,
Retirement Plan ,
SECURE Act