The Top 401(k) Priorities on the DOL’s Regulatory Agenda

On June 21, 2022, the United States Department of Labor (“DOL”) published its Spring 2022 Regulatory Agenda. This agenda lists all the regulations the DOL expects to have under active consideration. The Employee Benefits Security Administration (EBSA) items include...

New 401(k) Lifetime Income Disclosures

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) created a new participant disclosure requirement for 401(k) plans. To meet the new requirement, benefit statements must include a “lifetime income” disclosure at least annually to help...

401(k) Plan Design Study: Safe Harbor and Roth Adoption is Up

Small business owners can have dramatically different goals for their 401(k) plan. While some want to maximize key employee contributions, others want to incentivize plan participation by all employees. Business owners have nearly endless options for meeting these...

SECURE Act 2.0 – Not the 401(k) Reform Americans Deserve

On March 29, 2022, the U.S. House of Representatives passed the Securing a Strong Retirement Act – better known as SECURE Act 2.0 because it builds upon the Setting Every Community Up for Retirement Enhancement (SECURE) Act. We support SECURE Act 2.0 generally but am...

The Ultimate Guide to Safe Harbor 401(k) Plans

Safe harbor 401(k) plans are subject to employer contribution and participant disclosure requirements that don’t apply to traditional (non-safe harbor) 401(k) plans. In exchange, a safe harbor plan can automatically pass the ADP/ACP test and satisfy the minimum...

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