Category Archives: 401(k)

IRS Extends Plan Document Deadline to Jan. 31, 2012

Posted on October 5, 2011 by Administrator

The IRS released Rev. Proc. 2011-49 today (Oct. 5, 2011). Rev. Proc. 2011-49 is the update to Rev. Proc. 2005-16, and officially supersedes Rev. Proc. 2005-16. Rev. Proc. 2005-16 contained the specifics on applying for EGTRRA opinion/advisory letters during the … Continue reading →

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DOL Releases Final Regs Requiring Annual Fee and Expense Disclosures

Posted on October 14, 2010 by Administrator

Today, the DOL released the Final Regulations on Fiduciary Requirements for Disclosure in Participant-Directed Individual Account Plans. The regs are 142-pages long and are effective on December 20, 2010. More importantly, they are applicable to covered individual account plans for … Continue reading →

Posted in 401(k), DOL, Fees and Expenses, Notices | Leave a comment

60 Minutes Looks at 401(k) Fees

Posted on April 20, 2009 by Administrator

If you missed 60 Minutes last night, you missed Steve Kroft taking a look at 401(k) fees. Last night’s episode is available online here. The segment included a short interview with Rep. George Miller. The interview mentions the 401(k) fee … Continue reading →

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Motorola Freezes Defined Benefit Plan and Ends 401(k) Match

Posted on December 17, 2008 by Administrator

In a sign of the times, Motorola announced that, effective March 1, 2009, it is freezing its defined benefit plan and, effective January 1, 2009, it will end matching contributions to its 401(k) plan. Motorola also announced that its co-CEOs … Continue reading →

Posted in 401(k), Defined Benefit, Industry News, Nonqualified Deferred Comp | Leave a comment

Over Before It Began: Eliminating 2009 Safe Harbor Match After Notice is Distributed

Posted on December 9, 2008 by Administrator

So what happens if you (or your employer) distributed a safe harbor notice last October or November that stated there would be a safe harbor matching contribution in 2009, and now, with the worsening economy, the employer needs to rescind … Continue reading →

Posted in 401(k) | 1 Comment

IRS Debunks Another 401(k) Urban Myth in New Guidance on Rollovers as Business Startups

Posted on November 12, 2008 by Administrator

ROBS, or Rollovers as Business Startups, have been bouncing around the employee plans arena for a couple of years. I first hear an IRS official mention ROBS during the 2006 Cincinnati Benefit Conference as part of the presentation on tax … Continue reading →

Posted in 401(k), Distributions, IRS, Rollovers | Leave a comment

Loans from Qualified Plans Generating Unprecedented Buzz

Posted on July 21, 2008 by Administrator

With the economy headed south, or already at rock bottom, depending upon where you live, it is not surprising that participants are borrowing from their retirement plans. What is surprising is the amount of buzz suddenly appearing in the popular … Continue reading →

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Boston College Creates Online Interactive Retirement Game

Posted on May 23, 2008 by Administrator

The Center for Retirement Research at Boston College has created an interactive retirement game, and posted it on their website. The game is called Get Rich Slow, and follows a fictional couple through several decades starting when they are in … Continue reading →

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U.S. Supreme Delivers Decision in LaRue on Recovery for Fiduciary Breaches

Posted on February 20, 2008 by Administrator

The U.S. Supreme Court has issued a decision in LaRue v. DeWolff, Boberg & Assoc. Inc., No. 06-856 (Feb. 20, 2008). (Hat tip to SCOTUSblog.) Numerous articles will be written in the next couple of days and months about the … Continue reading →

Posted in 401(k), Litigation | 1 Comment

IRS Settles Debate Over March 15th or March 17th

Posted on February 19, 2008 by Administrator

With March 15th, 2008, falling on a Saturday, there has been an ongoing debate over whether March 15th is the applicable deadline, or whether the deadline automatically is extended to Monday, March 17th. In the latest edition of Retirement News … Continue reading →

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