March 2, 2023

Tax Credit For Small Employer Start-Up Plans

March 2, 2023

Although available for over two decades, it is still surprising to see the general lack of awareness that most employers have regarding their eligibility for a tax credit in connection with their establishment of a retirement plan.  As a result, this article is intended to familiarize readers with this tax credit so that they can…

June 4, 2021

ERISA Bond: What Is It and Do I Need ONe?

June 4, 2021

Almost every sponsor of every tax-qualified retirement plan must obtain a fidelity bond in accordance with section 412 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).  Despite the broad application of this requirement, a surprising number of plan sponsors are unaware of this requirement and, in fact, do not have a…

June 30, 2020

IRS Grants 401(k) Safe Harbor Suspension Relief

June 30, 2020

On June 29, 2020, the Internal Revenue Service (“IRS”) released Notice 2020-52 (“IRS Notice”) which grants certain COVID-19 related relief to retirement plan sponsors who employ a safe harbor 401(k) (“Safe Harbor”) plan design feature.  The majority of the guidance is temporary relief which expires on August 31, 2020.  However, the IRS Notice also includes…