The Internal Revenue Service (IRS) has announced a significant update with respect to 2020 Form 5500 filing requirements for new 2020 plans adopted after 12/31/2020. The SECURE Act permits an [...]
One of the requirements for maintaining a tax-qualified retirement plan is to update and restate plan document provisions for statutory and regulatory changes. All 401(k) and other Defined Contribution Plan documents [...]
Last March & April, we notified our Plan Sponsors that there could be an inadvertent consequence from the many layoffs & furloughs we saw happening. Under normal rules, if an [...]