The fanfare and excitement over the recent enactment of the Coronavirus Aid, Relief and Economic Security Act of 2020 (“CARES”) Act may have caused some plan sponsors to miss another very important piece of tax-qualified retirement plan related relief.  IRS Notice 2020-18 (“Notice 20-18”) was released on March 20, 2020 and, on March 24, 2020,…

Many employers are unaware that, in certain circumstances, they may be eligible for a valuable tax credit in connection with their establishment of a retirement plan.   Although this particular tax credit has been available for almost two decades, it is still surprising to see the general lack of awareness that most plan sponsors have regarding…

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 second in a series of articles that are intended to summarize the most impactful aspects of the SECURE Act as they…