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Are You Ready for the Next Big Change in 401(K) Plans under the SECURE Act?
Posted by Diane Caron on Fri, Oct 30, 2020 @ 04:30 PM


The COVID-19 pandemic brought changes to the retirement plan industry in 2020 with the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The challenges brought on by the pandemic on both business and personal levels seem to have overshadowed the passing of the Setting Every Community Up for Retirement Enhancement (SECURE) Act on Dec. 20, 2019. However, it’s important not to lose sight of the SECURE Act, as proper planning is necessary in order to avoid operational errors and additional work in the future.

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Topics: retirement plans, Diane Caron

IRS Releases Hardship Withdrawal Rules
Posted by Diane Caron on Thu, Dec 6, 2018 @ 12:35 PM

Recently, the IRS made several changes to the rules related to hardship withdrawals. The changes may be adopted by plan sponsors as early as Jan. 1, 2019 or, if later, the first day of the plan year beginning after Dec. 31, 2018.

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Topics: retirement plans, Diane Caron, hardship withdrawals, QNECs, QMACs

Retirement Plan Participant Contributions – Are Your Deposits Timely?
Posted by Diane Caron on Tue, Mar 6, 2018 @ 11:18 AM

One of the most common errors in retirement plan administration is the late deposit of participant contributions. The U.S. Department of Labor (DOL) defines participant contributions as amounts withheld from wages by an employer for deposit to the plan. This includes employee elective deferrals, employee after-tax contributions, and participant loan repayments.

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Topics: retirement plans, Diane Caron, participant contributions, Retirement Plan Participant Contributions

Payment of Plan Expenses from Plan Assets: A Case Study
Posted by Diane Caron on Mon, Sep 28, 2015 @ 10:25 AM

Compliance with qualified retirement plan requirements can be difficult, particularly when evaluating whether plan assets can be used to cover the costs incurred by the plan.

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Topics: retirement plans, ERISA-Qualified Retirement Plans, Diane Caron, compliance

Are You a Retirement Plan Fiduciary?
Posted by Diane Caron on Wed, Aug 19, 2015 @ 02:00 PM

Much has been written lately about the Department of Labor’s (DOL) fiduciary rule proposal and what impact it will have on an investment advisor’s fiduciary status, but what about employees of the plan’s sponsoring organization who are fiduciaries? Do you know who meets the definition of fiduciary? Are your plan’s fiduciaries aware that they are fiduciaries? Do they know the responsibilities of a fiduciary? 

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Topics: retirement plans, ERISA-Qualified Retirement Plans, Diane Caron

Patient-Centered Outcomes Research Institute (PCORI) Fees Due July 31
Posted by Bernard Kaplan on Mon, Jun 2, 2014 @ 09:03 AM

What are PCORI fees?

PCORI fees represent a new tax under the Affordable Care Act. 

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Topics: Bernard Kaplan, Diane Caron, Affordable Care Act, PCORI

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