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/

On August 6 President Donald Trump signed a series of executive orders that expanded economic relief to taxpayers. One of those orders calls for employee payroll tax deferrals from September 1 th...

https://www.retirementplanblog.com/social-security/a-cautionary-note-on-the-presidents-memorandum-on-payroll-tax-deferrals/

The deadline to restate preapproved defined benefit pension plans or 403(b) plans for the Pension Protection Act (“PPA”) has come and gone. July 31, 2020 was the date the IRS required that th...

https://www.retirementplanblog.com/403b-plans/so-you-missed-the-july-31-2020-restatement-deadline-for-pension-plans-and-403b-plans-heres-what-you-can-do-about-it/

That plan would be a SEP, the acronym for Simplified Employee Pension, an IRA-based retirement plan. Unlike a “qualified” retirement plan (401

https://www.retirementplanblog.com/defined-benefit-pension-plans/but-wait-it-may-not-be-too-late-to-set-up-a-retirement-plan-for-2019/

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/

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/