Improving Participant Outcomes: An Action Plan for Plan Sponsors looks at some of the factors that plan sponsors should consider
when assessing the value of the retirement plan offered to their employees. It
also considers steps they can take to provide greater assurance that employees
will be able to generate sufficient income on which to retire.
Wednesday, October 30, 2013
New Report Offers Tips for Improving Retirement Plan Participant Outcomes
Defined contribution plans are and will
continue to be a mainstay in the market. But, are they working?
Monday, October 28, 2013
IRS Initiates Compliance Check of 457(b) Top Hat Plans
Earlier this year, the Internal Revenue
Service (IRS) announced that its Employee Plans Compliance Unit (EPCU) would
begin a compliance check of certain 457(b) plans maintained by
non-governmental, tax-exempt entities. These plans, commonly referred to as “Top
Hat” plans, are frequently offered by tax-exempt organizations in addition to
other qualified retirement plans.
The good news is that the extent of the compliance check is fairly limited. Letters and a questionnaire will be sent to 200 tax-exempt organizations in fiscal year 2013, and another 200 will be sent in fiscal year 2014. Employers will be selected for review based on information contained on 2011 Form W-2 and Form 990.
The good news is that the extent of the compliance check is fairly limited. Letters and a questionnaire will be sent to 200 tax-exempt organizations in fiscal year 2013, and another 200 will be sent in fiscal year 2014. Employers will be selected for review based on information contained on 2011 Form W-2 and Form 990.
Subscribe to:
Posts (Atom)
Subscribe to blog via email
Subscribe to rss feed

Financial
Wellness Report
Previous News
Sections
- COVID-19
- cyber security
- Defined benefit plans
- Disability Benefits
- Disability Insurance
- DOL
- Employee Benefits
- ERISA
- family medical leave
- Fiduciary Duties & Liabilities
- financial wellness
- identity theft
- Investment strategy
- IRS Notice
- Legal & Compliance
- Market Recap
- paid family leave
- Participant Outcomes
- Partner Post
- Retirement Advisory Services
- Retirement Plan Types
- Voluntary Benefits
- Webinar
- Wellness
- White Papers
