A safe harbor 401(k) is a special type of employer-sponsored retirement plan that helps businesses skip the hassle of annual IRS testing — while guaranteeing employer contributions to employees. In ...
The Department of Labor swiftly rescinded a 2021 letter questioning private investments in 401(k) plans, but DOL officials have not yet delivered regulatory guidance required by the SECURE 2.0 Act.
When a plan participant separates from service with an employer, the retirement plan sponsor can choose to distribute the account owner’s remaining account balance without consent if the balance is ...
The Treasury and the Internal Revenue Service have issued guidance for certain retirement plan administrators, updating safe harbor explanations to reflect tax law changes made after Aug. 6, 2020.
At long last, the dark skies hanging over Safe Harbor Marina’s waterfront redevelopment plans in the town of Port Royal have cleared. At Tuesday’s Town Council meeting, council members were almost ...
The senators wrote Labor Secretary Lori Chavez-DeRemer that plan fiduciaries need ‘critical safe harbor protections’ from ‘frivolous lawsuits.’ A cadre of nine Republican senators wrote to the ...
The IRS recently issued updated “safe harbor” model disclosures that can be used by retirement plan administrators with distribution election packages that permit eligible rollover distributions. An ...
PORT ROYAL, S.C. (WSAV) — After decades of the deepest east-coast port sitting idle, and years of back-and-forth settlement agreements after purchase in 2017, the Town of Port Royal and Safe Harbor ...
The Department of Labor (the “Department”) issued a proposed rule, in which it proposed narrow amendments to its electronic disclosure safe harbors to implement the statutory directive in Section 338 ...
Omaha, Neb.-based CHI Health sent a letter to Congress on Nov. 28 urging them to continue the pandemic-era safe harbor for first-dollar high deductible health plan telehealth coverage. The letter, ...