While much of the retirement plan world is understandably focused on the upcoming fee disclosure deadlines, there’s another deadline that’s looming closer. It’s April 30, 2012, the date by which pre-approved defined benefit pension plans must be restated for EGTRRA. Here are frequently asked questions that should be helpful in helping you understand this important … Continue Reading
Retirement plans can get get pretty complicated also, but "fixing" one doesn’t necessarily have to be. That’s the focus of the recent IRS announcement reaching out to employers who did not timely amend their Plans for EGTRRA. Here’s the background. Most retirement plans had to be amended and restated no later than April 30, 2010 to … Continue Reading
This is the fourth in our EGTRRA Restatement Series, the purpose of which is to help retirement plan sponsors handle the required amendment and restatement of their retirement plans. Last week, I discussed plan document choices. Today’s post is about the Summary Plan Description ("SPD") and its distribution requirements – electronically speaking. For many retirement … Continue Reading
See larger image. This is the third in our EGTRRA Restatement Series, the purpose of which is to help retirement plan sponsors handle the required amendment and restatement of their retirement plans. Last week, I discussed the written plan document requirement, Put It In Writing. Today’s post is about what type of plan document to … Continue Reading
This is the second in our EGTRRA Restatement Series, the purpose of which is to help retirement plan sponsors handle the required amendment and restatement of their retirement plans. On Monday, I discussed Why A Law Passed In 2001 Is So Important To Retirement Plans In 2009. Today’s post is about the written plan document … Continue Reading
Back at the end of last year, 403(b) plans had a looming deadline. It was the January 1, 2009 effective date for the new IRS 403(b) regulations. I blogged about that deadline in our series of posts we called 403(b) Crunch Time. I was joined in that series by our blogging buddy Bob Toth, Of Counsel to … Continue Reading
