Newsletters

EPB Newsletters

  • Hardship withdrawal programs require strict administration February 14, 2017 Although not required, most 401(k) plans feature a hardship withdrawal option. The IRS maintains strict rules surrounding these provisions and recently updated its guidance on how plan sponsors can remedy ...
  • COMPLIANCE ALERT February 14, 2017 Upcoming compliance deadlines: 2/15     Quarterly benefit statements due for defined contribution plans with calendar year plans 2/28     Deadline for filing paper 2016 Form 1099 with IRS (electronic filing deadline is March ...
  • Who’s to blame? Court equitably apportions fiduciary misdeeds February 14, 2017 When a fiduciary breach occurs, some fiduciaries may be more culpable than others. And when that’s the case, the court can order those parties to indemnify other fiduciaries who were, ...
  • Get your fiduciary house in order: DOL’s newest regulations require plan sponsor action February 14, 2017 The majority of the U.S. Department of Labor’s (DOL’s) complex regulations mandating fiduciary status for individuals dealing with retirement investment decision-making involve investment advisors. But the regulations, which are scheduled ...
  • DOL liberalizes views on economically targeted investments September 8, 2016 The U.S. Department of Labor (DOL) has reversed guidance it issued in 2008 with respect to retirement plans’ allocating funds to economically targeted investments (ETIs) that consider environmental, social and ...
  • DOL fiduciary rule rocks plan investment advice landscape September 8, 2016 When the final version of the U.S. Department of Labor’s (DOL’s) fiduciary standards rule for advisors to retirement plans was issued in April, the wait for the long-anticipated regulatory package ...
  • Perception isn’t reality September 8, 2016 EBRI study reviews retirement preparedness The Employee Benefit Research Institute’s (EBRI’s) 2016 “Retirement Confidence Survey” provides helpful insights on employee behavior and benchmarking data for plan sponsors striving to help their ...
  • Advise DB plan participants carefully on lump sum window opportunities September 8, 2016 There are sound reasons why defined benefit (DB) plan sponsors may offer participants lump sum payout windows. Principal among them: lowering the plan’s financial exposure, thereby providing greater long-term financial ...
  • Discriminatory plans that meet statutory requirements September 8, 2016 The IRS issued a warning to plan sponsors whose plan designs satisfy numeric antidiscrimination tests, yet still have the effect of steering a disproportionate amount of benefits to highly compensated ...
  • COMPLIANCE ALERT September 8, 2016 Upcoming compliance deadlines: 9/15 Extended deadline for corporate tax returns 9/15 Extended deadline for partnership tax returns 9/30 Summary Annual Report (SAR) due for Form 5500 that was due July 31, unless ...