Recent Posts tagged as '401(k) and Retirement Plans'
Blog Post
07/27/2020
By Sarah Lockwood Church and Paul A. Kasicky

Tax rules require retirement plan participants to start their benefits by a specific date. Generally, this date is based on the age of the participant and whether the participant is still working after reaching that age. Before the SECURE Act, these distributions – called Required Minimum Distributions or RMDs – had to start by a “Required Beginning Date” which was April 1 of the calendar year following the date the participant reaches age 70-1/2, or, if later, April 1 of the calendar year after the participant’s employment terminates.

Blog Post
07/16/2020
By Sarah Lockwood Church and Andrew J. Daly and Dasha G. Brockmeyer

Plan sponsors of safe-harbor 401(k) plans find it difficult to satisfy the conditions permitting them to amend safe-harbor plans mid-year to reduce or eliminate the employer safe harbor nonelective or matching contribution. They either had to reserve the right to amend the plan in the annual safe harbor notice provided to plan participants or be operating at an economic loss. In addition, in order to make any change to a safe harbor plan mid-year, participants had to be given an advance 30-day notice of the amendment.

Blog Post
01/16/2018
By Dasha G. Brockmeyer and Sarah Lockwood Church and Paul A. Kasicky and Robert H. Louis

Members of Saul Ewing Arnstein & Lehr’s Tax and Employee Benefits and Executive Compensation Practices have outlined the recently announced 2018 dollar limits on the Social Security Wage Base, compensation and deferrals for retirement plans, and health and welfare plans, as well as PCORI fees, Medicare Part B premiums, and the Social Security full retirement age. Please click here to view a chart comparing the dollar limits for 2017 and 2018.

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