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HIRS Gives Permission To Use Forfeitures As QNEC/QMAC/SAFE Harbor Contributions Good news! In January 2017 the IRS released proposed regulations to allow the use of plan forfeitures to fund qualified nonelective contributions (QNECs) and qualified [...]

Plan sponsors have been responsible for obtaining financial information and source documentation (bills, contracts, etc.) to substantiate financial need for hardship distributions. New guidance from the IRS makes it possible to use a summary document [...]

We Can Help You Prepare While no one can predict the financial markets, there are actions that can be taken to insulate your retirement plan. Being prepared in the face of global uncertainty will solidify [...]

Recent litigation and the (now delayed) Fiduciary Rule have led plan sponsors to take a close look at plan fees as part of their fiduciary duty, and many fiduciaries believe that selecting providers with the [...]

DOL Fiduciary Rule Update Firms have spent more than a year and millions of dollars preparing for the DOL Fiduciary rule, set to commence on April 10. This rule requires retirement plan service providers, such [...]

Pre-approved 403(b) plan document The IRS announced March 31, 2020 as the last day to retroactively correct defects in 403(b) plan documents and the last day to adopt a pre-approved plan document.   We will [...]