August 12 2021

No 2020 Form 5500 Needed for Retroactive Qualified Plans

The IRS has announced that, for qualified retirement plans adopted in 2021 retroactive to the 2020 plan year, a 2020 Form 5500 will not be required.

May 21 2021

RMDs for Beneficiaries in Qualified Retirement Plans

When an employee in a qualified retirement plan dies, the employee’s account balance has to be distributed to the beneficiary at a certain rate over a certain timeframe. The money cannot stay in the plan forever. What is that timeframe? When do distr...