October 29 2020

Out with 2020, In with the 2021 Retirement Plan Rates and Limits

As we head toward the close of this turbulent year, we have learned that most IRS limits related to qualified retirement plans will hold steady in 2021. Retirees receiving Social Security benefits will receive another modest increase, while PBGC prem...

July 08 2020

IRS Issues Further Details on Distributions and Plan Loans Under CARES Act

The CARES Act, signed into law on March 27, 2020, allows employees affected by COVID-19 greater access to money set aside for them in employer retirement plans.  As often happens, many details of this new law were not immediately clear.  We found our...

August 21 2019

How to Fix a Participant Loan

Recently, we shared the basic rules related to participant loans in qualified retirement plans.  From time to time, there will be loans that are not in compliance with one or more of these rules.  What happens then?  Is there a fix?  Today, we will g...