There is a growing trend of using participant data to cross-sell financial products unrelated to plan recordkeeping by large recordkeepers and asset custodians of employer-sponsored retirement plans. In light of the fact that...more
The Internal Revenue Code is famously complicated, and changes to discrete parts of the code - such as those adopted by the Tax Cuts and Jobs Act of 2017 (TCJA) - have a notorious history of leading to unpredictable and...more
On September 23, 2019, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) published final regulations that modify the hardship distribution rules for profit sharing, 401(k), 403(b), and eligible...more
10/10/2019
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Bipartisan Budget Act ,
Employee Benefits ,
Final Rules ,
Hardship Distributions ,
IRS ,
Plan Documents ,
Retirement Plan ,
Tax Cuts and Jobs Act ,
U.S. Treasury
The Internal Revenue Service (IRS) announced last year that it would end its staggered five-year remedial amendment cycle system for individually designed retirement plans under the determination letter program due to...more
4/8/2016
/ Benefit Plan Sponsors ,
Determination Letter ,
EPCRS ,
Exemptions ,
Financial Institutions ,
Internal Revenue Code (IRC) ,
Investment Company Act of 1940 ,
IRS ,
Plan Documents ,
Qualified Retirement Plans ,
Securities Act of 1933