The Retirement Plan Blog

Employers who have adopted a pre-approved Pension Plan – either traditional Defined Benefit or Cash Balance – must restate their plans by March 31, 2025 to stay in compliance with the Interna...

https://www.retirementplanblog.com/defined-benefit-pension-plans/what-employers-need-to-know-about-the-required-pension-plan-restatement-a-plain-language-explanation/

“Compensation” is a timely topic now for employers with retirement plans. It’s that time of the year when decisions are made about retirement plan contributions. The starting point for thos...

https://www.retirementplanblog.com/401k-plans/compensation-for-sole-proprietors-partners-and-llp-members-its-complicated/

  ERISA record retention may not be of those sizzling retirement plan topics for some folks. But please don’t stop reading. It’s an important issue in today’s ERISA’s environment in whic...

https://www.retirementplanblog.com/401k-plans/erisa-record-retention-how-long-is-long-enough/

Last month, the  Department of Labor (DOL), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) released advance copies of the 2020 Form 5500 Series. When fil...

https://www.retirementplanblog.com/401k-plans/form-5500-the-body-language-of-erisa-compliance/

Grappling with COVIT-19 issues has certainly been difficult, but retirement plan filings and payments are still required. The Internal Revenue Service has provided relief for some of them by gran...

https://www.retirementplanblog.com/401k-plans/covid-19-extensions-for-retirement-plan-filings-and-payments/

The $1.4 trillion appropriations package signed into law by President Trump on December 20, 2019 designed to fund federal agencies through September of this year contained the most significant le...

https://www.retirementplanblog.com/secure-act/secure-act-secure-act/how-to-take-credit-tax-that-is-for-your-retirement-plan/

If you’re an employer who has adopted a pre-approved defined benefit pension plan, it’s time to amend and restate your plan. All defined benefit plans using pre-approved plan documents must r...

https://www.retirementplanblog.com/compliance/the-restatement-requirement-for-defined-benefit-plans-faqs-for-employers-adopting-a-pre-approved-plan/

Selecting an auditor for an ERISA plan is one of those fiduciary responsibilities which has been a continuing concern of the Department of Labor (“DOL”). At a June 25, 2019 meeting of the DOL...

https://www.retirementplanblog.com/401k-plans/how-not-to-hire-an-erisa-auditor/

The passage of the Tax Reform and Jobs Act (“TRJA”) in 2018 made entity selection an important part of tax planning. The TRJA made fundamental changes affecting individual and entity tax rate...

https://www.retirementplanblog.com/401k-plans/the-elephant-in-the-room-for-erisa-purposes-could-be-that-other-company/

Defined  benefit plans may have markedly declined (44% since 1975 according to the Department of Labor), but they haven’t become any more understandable to employers. Indeed, the IRS continues...

https://www.retirementplanblog.com/defined-benefit-pension-plans/defined-benefit-plans-have-issues-too/