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Do We Have to Provide New Paperwork When a Participant Requests a Second Distribution?

DWC 06/16/20
DWC 401(k) Q&A: Do We Have to Provide New Paperwork When a Participant Requests a Second Distribution?
Facts When a participant requests a distribution from our plan, I provide them with a with a package that includes an election form and a bunch of other information. A participant who terminated and took a distribution last year received an additional company contribution and, as a result, has additional money in her account and is asking for a ...
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Can We Suspend our Safe Harbor Contribution Mid-Plan Year?

DWC 03/24/20
DWC 401(k) Q&A Question of the Week: Can We Suspend our Safe Harbor Contribution Mid-Plan Year?
Facts Given the current uncertainty in the world economy and the unknown ongoing affects of coronavirus, I’m looking at all financial obligations for our company, and for opportunities to reduce risk. We currently sponsor a 401(k) plan for our employees and provide a safe harbor contribution equal to 3% of employee compensation.
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Have the Rules for Safe Harbor 401(k) Notices Changed?

DWC 03/3/20
Have the Rules for Safe Harbor Notices Changed? | DWC 401(k) Q&A Question of the Week
Facts My company sponsors a safe harbor 401(k) plan and every year my TPA sends me a reminder to distribute a notice to participants. It’s not the biggest hassle but I’ve wondered if it’s really necessary that this same information be provided to participants each and every year.
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What New Tax Credits are Available for Adding an Automatic Enrollment Feature to our Plan?

DWC 02/4/20
Facts Our business currently has a retirement plan and we are considering adding automatic enrollment. We have heard that there are new tax credits available to employers who include automatic enrollment features in their plans.
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Am I Now Required to Include Part-Time Employees in my 401(k) Plan?

DWC 01/28/20
Facts As the owner of a beachside hotel, I sponsor a calendar year 401(k) plan for my employees. In the summer we hire many part-time employees to assist with the uptick in guests and activities. Our plan has always required employees to reach age 21 and complete a year of service before becoming eligible. Traditionally, this has meant that these ...
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What Tax Credits are Available for Setting Up a New Retirement Plan?

DWC 01/14/20
Facts Our business is thinking of setting up a retirement plan. We’ve heard that there are new tax credits offered under the SECURE Act available to employers who set up new plans.
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DWC News Update | The SECURE Act Has Snuck Through

DWC 12/17/19
SECURE Act_12.20.2019_News Update Blog Header Image
(Updated 12/23/2019) Late Friday evening (aboard Air Force One leaving DC for his holiday retreat), President Trump signed the spending bill that included the SECURE Act. In a bit of last-minute maneuvering in Washington, DC, the House of Representatives added the provisions from the SECURE Act to the spending bill that had to be passed by Friday ...
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DWC News Update: House Passes the SECURE Act

DWC 05/24/19
Secure Act_News_5.24.2019_blog header image 2
-A breakdown of breaking news from DWC's Managing Partner, Keith Clark If you are reading the mainstream press, the SECURE Act being signed into law is just around the corner. While the overwhelming bi-partisan approval in the House of Representatives is an important (and increasingly rare) development, there are still a number of steps that must ...
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The views expressed in this blog are those of the authors and do not necessarily represent the views of any other person or organization. All content is provided for informational purposes only and is not intended to be tax or legal advice.

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