On Aug. 17, 2018, the IRS released PLR, in which it ruled that an employer’s proposal to make nonelective contributions to employees’ 401(k) accounts.
A University of Southern California case is one of more than twenty ongoing cases challenging private universities’ administration of their retirement plans for university employees.
On July 20, 2018, the Internal Revenue Service (IRS) published final regulations clearly permitting employers to pay for qualified nonelective contributions (QNECs) and qualified matching contributions (QMACs) out of a plan’s forfeiture account.
On July 26, 2018, Senators Rob Portman (R-OH) and Ben Cardin (D-MD) introduced a bill (S. 3278) regarding Internal Revenue Service (IRS) tax administration. Included in the bill is a proposal (section 401) to allow employers a greater ability to self-cor
On July 17, 2018, a Bipartisan group of Senators introduced four bill together. Two of the bills are similar (but not identical) to other pending bipartisan proposals – one improving the rules for automatic enrollment and the second relating to open mul