A 401(k) plan sponsor has some flexibility when converting its existing plan to a safe harbor design. The type of safe harbor contribution affects notice and amendment deadlines.
Beware of scammers looking for personally identifiable information (PII) by contacting individuals under the guise of the Social Security Administration and Medicare. Learn how to report the scams and protective steps to take.
My client executed a large Roth conversion in the fourth quarter of last year and the IRS subsequently notified her that she owed a penalty because of underpayment of estimated taxes. How did this happen and what can she do about the penalty?
"At least weekly, I see a headline about pension plan ‘de-risking.’ Generally, I don’t deal directly with pension plans. Can pension de-risking impact my practice and, if so, what are its potential effects?"
"My client elected a lump sum payment from his traditional defined benefit plan, but received a letter telling him he could not take a lump sum payment because he was a “restricted employee.” The plan says lump sums are available. Could you explain what this means and provide options for him?”
Unsure of when to suggest that clients use the Department of Labor’s (DOL’s) Voluntary Fiduciary Correction Program (VFCP) to correct plan errors? In this Case of the Week, we'll answer that question.
