by Filippo Balistreri | Jan 25, 2022 | Uncategorized
Written by Kristina Kananen Voluntary Fiduciary Correction Program Government agencies tend to be named to reflect the focus of their work. The IRS focuses on revenue, while the Employee Benefit Security Administration (EBSA) of the Department of Labor focuses on...
by Filippo Balistreri | Dec 20, 2021 | Uncategorized
Written by Kristina Kananen The Voluntary Correction Program While IRS regulations are written with the expectation of perfection, with the specter of plan disqualification looming over a plan with failures, IRS has come to realize that no one is perfect. Mistakes...
by Filippo Balistreri | Nov 30, 2021 | Uncategorized
Written by Kristina Kananen There are so many rules and regulations associated with the administration of qualified retirement plans, that plan fiduciaries are hard pressed to operate an error-free plan, the requirement to maintain the qualified status of the plan. ...
by Filippo Balistreri | Oct 26, 2021 | Uncategorized
Written by Kristina Kananen There is a truism with qualified retirement plans covered under ERISA (Employee Retirement Income Security Act) that works until it doesn’t – when it comes to retirement plans, ERISA is the supreme law of the land. It would be nice to...
by Filippo Balistreri | Sep 28, 2021 | Uncategorized
Written by Kristina Kananen The foundation of nearly every contribution, allocation or accrued benefit in a qualified retirement plan is based on a participant’s compensation. Compensation is remuneration for an employee’s services to the employer. The simplicity of...
by Filippo Balistreri | Jul 27, 2021 | Uncategorized
Written by Kristina Kananen We have issued white papers on the EBSA’s guidance on their cybersecurity tips and what a service provider needs to do to be hired by the Plan Fiduciaries. This paper discusses the EBSA’s best practices for cybersecurity for Plan...
