January 23, 2020

How Will The SECURE Act Affect Me? Highlights of Some of the Top New Provisions Affecting 401(k) Plans (PART TWO)

Passed by Congress and signed into law at the midnight hour as part of the 2019 comprehensive budget appropriation package, the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act is now the law of the land. In a previous blog, we listed and discussed in a very general way many of the SECURE Act’s… Continue Reading

January 15, 2020

2020 Penalty Amounts for ERISA Health and Welfare and 401(k) Plans

To adjust for annual inflation, the Department of Labor (DOL) published the 2020 civil monetary penaltis for certain violations of health and retirement plans subject to the Employee Retirement Income Security Act (ERISA). The DOL must annually adjust these amounts no later than January 15 of each year. The updated penalties for 401(k) and health… Continue Reading

January 7, 2020

How Will The SECURE Act Affect Me? Hightlights of Some of the Top New Provisions Affecting 401(k) Plans (PART ONE)

Passed by Congress and signed into law at the midnight hour as part of the 2019 comprehensive budget appropriation package, the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act is now the law of the land. In our previous blog, we listed and discussed in a very general way many of the SECURE Act’s… Continue Reading

December 23, 2019

Congress Finally Passes Secure Act – The Most Sweeping Pension Legislation in Over a Decade is Now Law

After dragging their feet for most of 2019, the U.S. Senate finally, on December 19th, passed the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act, a bundle of legislative provisions that together represents the most sweeping changes to the retirement plan system (which includes 401(k) plans) since the Pension Protection Act of 2006. The… Continue Reading

IRS Changes Mailing Addresses (AGAIN!) For Certain Employee Plan Submissions

On December 2, 2019, the IRS announced a new pair of addresses to be used for various employee plans submissions, including applications for determination letters for individually designed retirement plans, which includes 401(k) plans. This actually marks the second time in the past several months that the IRS has changed the address for these types of… Continue Reading

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