Failed ADP/ACP Test Deadline for 401(k) Corrective Distributions

Learn about the corrective distribution deadline associated with failed ADP/ACP testing related to requirements for traditional 401(k) plans that haven't adopted safe harbor provisions.

RetirePath Virginia Registration Deadline is February 15, 2024

RetirePath Virginia, an automatic-enrollment, state-facilitated individual retirement account savings program, has a deadline to register of February 15, 2024 for eligible businesses. Businesses that fail to respond may face an annual penalty of up to $200 per eligible employee.

2024-02-12T15:57:01-05:00February 12, 2024|Categories: Employee Benefit Plans|Tags: |

Expanded Relief to Plan Participants for Coronavirus-Related Distributions

On June 19, 2020, the IRS issued Notice 2020-50 that expands the categories of individuals eligible for plan distributions and plan loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

2020-06-29T11:21:29-04:00June 29, 2020|Categories: PBMares COVID-19 Insights, Retirement|Tags: , |
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