New proposed regulations clarify how employers should implement retirement plan eligibility rules for long-term, part-time ("LTPT") employees. While some questions remain, the proposed regulations provide a number of welcome...more
12/15/2023
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Employee Contributions ,
Employee Retirement Income Security Act (ERISA) ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Non-Discrimination Rules ,
Proposed Regulation ,
Retirement Plan ,
Safe Harbors ,
SECURE Act
Employers impacted by COVID-19 have a variety of questions regarding the impact on their retirement plans, including the ability to make contribution formula changes, questions about distributions, and compliance issues,...more
The deadline to register with OregonSaves for employers using professional employment organizations (PEOs) is upcoming in spring 2020. The Oregon State Treasury has informally indicated that this deadline is likely to be May...more
On November 9, 2018 the IRS issued proposed regulations that clarify changes made by the Bipartisan Budget Act of 2018, which generally expanded the ability of participants in 401(k) and 403(b) plans to obtain a hardship...more