Category Archives: Automatic Enrollment

Model 403(b) Plan Language Released by the IRS includes Auto Enroll Language

Posted on November 27, 2007 by Administrator

When the IRS released the Final 403(b) Regulations earlier this year, they also announced that they would be releasing model plan language, and potentially a model plan itself, for plan sponsors to adopt. In the past, the IRS has released … Continue reading →

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QDIA Notice: No Relief in Sight

Posted on November 20, 2007 by Administrator

With the deadline of November 24th to provide the Qualified Default Investment Alternatives (QDIA) Notice fast approaching, neither the Dept. of Labor nor the IRS has announced a last minute extension. When the DOL released the Final Rule on Default … Continue reading →

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IRS Issues Sample Automatic Enrollment Notice and Default Investment Notice

Posted on November 16, 2007 by Administrator

For plans implementing a qualified automatic contribution arrangement (QACA) or an eligible automatic contribution arrangement (EACA), notice of the arrangement must be provided to employees at least 30 days before the beginning of each plan year. The IRS has issued … Continue reading →

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Sample Automatic Enrollment Notice

Posted on November 14, 2007 by Administrator

Tom Poje posted a sample Automatic Enrollment notice on Benefitslink.com. [tags]automatic enrollment, sample notice, QACA, EACA, ERISA[/tags]

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QACA: More from the Proposed Automatic Contribution Regulations

Posted on November 8, 2007 by Administrator

Yesterday, the IRS released Proposed Regulations on Automatic Contribution Arrangements. They contain some answers on the new Qualified Automatic Contribution Arrangement (QACA), created last year by Section 902 of the Pension Protection Act. Does a QACA satisfy the 401(k)(13) safe … Continue reading →

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T-Minus 22 Days and Counting: Implementing Automatic Enrollment for 2008

Posted on November 8, 2007 by Administrator

The proposed regulations for automatic enrollment arrangements are out, and the clock is ticking. For calendar year plans implementing a qualified automatic contribution arrangement (QACA) or an eligible automatic contribution arrangement (EACA) beginning on January 1, 2008, the time period … Continue reading →

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Comments on PPA Technical Corrections Bill Requested

Posted on October 3, 2007 by Administrator

The House Ways and Means Committee is requesting comments on H.R. 3361, which is the House bill containing technical corrections to the Pension Protection Act. Comments will be accepted until the close of business on November 1st and can be … Continue reading →

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Automatic Enrollment Expected to be Popular

Posted on July 12, 2007 by Suzanne Wynn

Yesterday, the Wall Street Journal published an article about how businesses are jumping on the automatic enrollment bandwagon. In “Auto Enroll Retirement Plans Take Off”, Jillian Mincer reports that, in 2006, Fidelity experienced a 95% increase in automatic enrollment in … Continue reading →

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Automatic IRA Act of 2007

Posted on April 25, 2007 by Suzanne Wynn

With the introduction of the Automatic IRA Act of 2007, S. 1141, automatic IRAs have become a topic of conversation again. The Automatic IRA is not a new idea – Congress has seen bills containing automatic IRA provisions in the … Continue reading →

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