RMDs

401k Legislative Update State-Based Retirement Plan Initiatives While Congress has been unable to reach a consensus regarding whether automatic IRAs should be mandated for employers that do not offer retirement plans, a number of states have moved forward on this initiative, passing their own state-based retirement savings programs. Recently, 26 Senators wrote a joint letter to [...]

IRS UPDATE IRS Tips on Correcting Plan Mistakes The IRS has compiled a list of common plan mistakes it encounters during examinations and in its voluntary correction programs. It may be helpful for plan sponsors to be familiar with these common mistakes and IRS tips for self-correction to avoid making similar mistakes. On the IRS [...]