Last week I received copies of the first new fiduciary fee disclosures required by final Department of Labor Regulations under ERISA Section 408(b) (2). Fee disclosures were received from Fidelity Investments and Prudential Financial, providers to two client retirement plans. The details of the required disclosures are described in my earlier July 26, 2011 and
Understanding Employee Benefits and key developments in the employee benefits field and items of interest to our clients. MORE
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Are your 401(k) participant plan loans in compliance with the tax and ERISA rules?
By Jeffrey Cairns on
According to the Tax Exempt and Government Entities Division of the Internal Revenue Service (IRS), one out of every four (25%) of 401(k) plans surveyed in a recent study had engaged in prohibited transactions as a result of non-compliant participant plan loans and/or real estate investments that were not valued properly. http://www.irs.gov/pub/irs-tege/epn_2012_1.pdf
The problems …
Thoughts on the Longevity Annuity Guidance Issued by the IRS
By Stinson LLP on
I am of an age to be contemplating retirement (and I work in the field so that age may come sooner for me than for others). My parents are both in their late 80s; I had a grandmother who died a few weeks shy of her 100th birthday. So I have a personal interest in …