February 18, 2020

The SECURE Act – Plan Sponsor Impact – Part 1

February 18, 2020

The Setting Every Community Up for Retirement Enhancement (“SECURE”) Act which was signed into law in December of 2019 has enacted sweeping changes to the retirement plan industry.  As a result, this is the first in a series of articles that are intended to summarize the most impactful aspects of the SECURE Act as they…

October 1, 2019

Required Minimum Distributions

October 1, 2019

As we approach the end of the calendar year, it is important to be reminded about one frequently overlooked retirement plan requirement.  Upon attainment of age 70-1/2, certain participants of a tax-qualified retirement plan may be required by federal tax law to withdraw a minimum amount from such plan each year.  These mandatory distributions are…

September 10, 2019

IRS Issues Guidance Regarding Uncashed Check

September 10, 2019

In August of 2019, the IRS issued Revenue Ruling 2019-19 (“Guidance”) which provided guidance regarding the tax treatment of certain types of uncashed checks issued from a tax-qualified retirement plan.  The facts presented within the Guidance involved an individual who received a check representing a taxable distribution from a tax-qualified plan and, while able to…