Employee Benefits Update
Showing 305–320 of 395 results
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Controlled by the IRS – What you need to know about controlled groups
June / July 2011
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 764
Abstract: Do you know how a “controlled group” affects your qualified plan? To deter attempts to use multiple businesses to evade IRS requirements, such as discriminating in favor of highly compensated employees, ERISA requires plan sponsors to identify all participating employers. Plans must account for all employees in a controlled group to pass certain discrimination and participation tests. This article defines the different types of controlled groups and summarizes their impact.
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COMPLIANCE ALERT – Upcoming compliance deadlines:
April / May 2011
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 76
Abstract: A brief list of key tax reporting deadlines up to May 15.
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Claiming the health insurance contribution tax credit
April / May 2011
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 272
Abstract: Although there was much ado about the health care legislation passed last year, a potential tax credit available to eligible small employers that provide health insurance coverage to their employees has received relatively little attention. This credit is available starting with tax years beginning in 2010. This brief article highlights which employers can claim the credit and how to claim it.
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Get ready to file – Form 5500 and Schedule SSA updates
April / May 2011
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 477
Abstract: Another IRS filing season is looming, and two major changes await those readying to prepare Form 5500 for the 2010 calendar year: 1) EFAST2 and its impact on Form 5500 filing, and 2) the making of Schedule SSA a separate filing from Form 5500. This article looks at each of them.
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How much does that cost? New fee disclosure rules
April / May 2011
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 768
Abstract: Last fall, the Employee Benefits Security Administration (EBSA) released its long-anticipated and groundbreaking final rule on 401(k) plan fee disclosures. The rule holds more retirement plan sponsors and employers accountable for their fiduciary duties and affects almost half a million retirement plans in the United States. This article reviews the final rule.
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What employers should know about traditional and Roth IRAs
April / May 2011
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 927
Abstract: Many plan sponsors use a deferred compensation plan such as a 401(k) plan to offer their employees a retirement benefit. But another option to consider is teaching employees about individual retirement accounts (IRAs). With an IRA, employees take personal payroll deductions to channel funds into their accounts. While employers neither sponsor nor manage IRAs, this article examines what employers need to know and why they matter to employers.
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COMPLIANCE ALERT – Upcoming compliance deadlines:
February / March 2011
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 81
Abstract: A brief list of key tax reporting deadlines up to April 15.
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2011 vs. 2010 retirement plan limits
February / March 2011
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 106
Abstract: This brief chart highlights numerous retirement plan limits. Due to the economic malaise, the limits for 2011 remained the same as for 2010.
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Avoid mistakes with timely deposits
February / March 2011
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 484
Abstract: In any qualified retirement plan, money comes in and money goes out. And an area that garners Department of Labor (DOL) attention is what’s known as timely deposits. The DOL actively enforces timely deposits of elective deferral contributions. This article summarizes what readers need to know to avoid problems.
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Battle of the documents – What if your summary plan description and plan document differ?
February / March 2011
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 764
Abstract: Generally, an underlying plan document (UPD) and summary plan description (SPD) govern retirement plans. What happens when these documents differ? Which one takes precedence over the other? And what’s the plan sponsor’s responsibility? This article answers these questions. Washington v. Murphy Oil USA, 497 F.3d 453 (5th Cir. Aug. 16, 2007) Jobe v. Medical Life Ins. Co., 598 F.3d 478 (8th Cir. Mar, 19, 2010)
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What’s Congress done for benefits lately? How the Small Business Jobs Act of 2010 affects you
February / March 2011
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 868
Abstract: The Small Business Jobs Act of 2010 (SBJA) affects 401(k), 403(b) and governmental 457(b) plans and can potentially expand the availability of Roth features to plan participants. This article discusses why a plan sponsor would want to amend its plan to allow for the Roth feature and the steps needed to do so.
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COMPLIANCE ALERT – Upcoming compliance deadlines:
Year End 2010
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 63
Abstract: A brief list of key compliance deadlines for late 2010 and early 2011.
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How paid time off can make a contribution
Year End 2010
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 413
Abstract: The IRS has established paid time off contribution arrangements that allow employees with unused leave and vacation time to convert these dollars to retirement plan contributions. This article explains why this is good news for plan sponsors who are looking for ways to boost benefits without breaking the bank.
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5 highlights of MetLife’s employee benefits trends study
Year End 2010
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 308
Abstract: MetLife recently published its eighth annual Study of Employee Benefits Trends, which is a compilation of the results of surveys of employers and employees about issues that are facing the U.S. benefits industry today. This brief article highlights five of the study’s major findings.
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Getting to know the tax code – 401(k) plan design defined by IRS rules
Year End 2010
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 758
Abstract: The name “401(k) plan” should provide the first hint that qualified retirement plan design is governed, in part, by the IRS. While Internal Revenue Code (IRC) Section 401(k) governs many aspects of qualified retirement plans, other IRC sections govern coverage requirements, employee contributions and the elective deferral limit. This article summarizes some of these rules and how they can impact a plan’s design and its ultimate success.
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Back to the future – Should defined contribution plans offer lifetime income?
Year End 2010
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 846
Abstract: Employer-sponsored plans have become the most common way to provide retirement income for many workers. In the past 20 years, the retirement plan of choice has shifted from defined benefit (DB) plans to defined contribution (DC) plans. The Department of Labor (DOL) and Department of the Treasury are working with the retirement plan industry to increase the use of another option. This article discusses the agencies’ Request for Information to determine whether to take steps to enhance retirement benefits with arrangements that provide for a lifetime stream of income at retirement, similar to DB plans.