March 20, 2014

What is “New Comparability”?

March 20, 2014

Download PDF What is New Comparability? New comparability is a profit sharing allocation formula that allows a business owner to permissibly skew benefits to a select group or tier of employees. This allocation formula is also referred to as cross-tested. How is New Comparability used? Typically, new comparability is paired with 401(k) and safe harbor…

January 26, 2014

IRS Issues Guidance on Same Sex Marriage

January 26, 2014

Download PDF Background Recently, the U.S. Supreme Court struck down Section 3 of the Defense of Marriage Act (“DOMA”) as an unconstitutional violation of the 5th Amendment’s guarantee of equal protection under the law. Section 3 of DOMA defined “marriage” and “spouse” for purposes of Federal law as limited to a legal union between one…

January 25, 2014

Changes to 404a-5 Participan Fee Disclosure Requires Additional Notifications

January 25, 2014

Download PDF If you are like most people out there, you hit your 404a-5 participant level fee disclosure (“Participant Fee Disclosure”) saturation point about 12 months ago. The volume of articles and information about the still relatively new Department of Labor (“DOL”) Participant Fee Disclosure requirements is staggering and, as a result, can be a…