Nov 28, 2012 | Employee Benefits & Executive Compensation
Taking Notice of the New 401(k) Notice Requirements By Christine M. Moehl SAALFELD GRIGGS PC Several new disclosure and notice requirements applicable to 401(k) plans were included in the Pension Protection Act of 2006 (“PPA”), which was signed into law on August 17,...
Nov 28, 2012 | Employee Benefits & Executive Compensation
Reducing Fiduciary Liability for your Retirement Plan: The Designated Investment Manager Alternative By Randall W. Cook SAALFELD GRIGGS PC As we have reported in past issues of Business Briefs, business owners who sponsor retirement plans are considered “fiduciaries”...
Nov 28, 2012 | Employee Benefits & Executive Compensation
Redesign Your Retirement Plan in the Wake of Market Losses: Mixing the Good with the Bad By Randall W. Cook SAALFELD GRIGGS PC In today’s volatile stock market, more and more employers are becoming increasingly preoccupied with their retirement plan’s investment...
Nov 28, 2012 | Employee Benefits & Executive Compensation
Pension and Individual Retirement Account Implications of EGTRRA The “Economic Growth and Tax Relief Reconciliation Act of 2001” (EGTRRA) was passed by Congress on May 26, 2001 and signed into law by President Bush on June 7, 2001. This legislation will affect...
Nov 28, 2012 | Employee Benefits & Executive Compensation
Nonqualified Deferred Compensation: You Haven’t Dropped the Ball…Yet Sit back, relax — at least for a few more months. Around this time last year, new Internal Revenue Code Section 409A was enacted, making several major changes to deferred...
Nov 28, 2012 | Employee Benefits & Executive Compensation
The Roth 401 (k) Plan As of 2006, retirement plan sponsors can add Roth 401(k) features to their retirement plans, allowing plan participants to make after-tax deferrals out of their wages. Unlike conventional 401(k) deferrals, which grow tax deferred until...
