view in browser | plansponsor.com

January 5th, 2021 Information & Insights for the 403(b) Community 2021 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan Physical Presence Requirement Relief Extended Through June The relief is for retirement plan participant elections and spousal consent required to be witnessed by a plan representative or a notary public. Ask the Experts QNEC for a Prior Year and the 415 Limit “We made a qualified nonelective contribution (QNEC) in 2020 to correct a missed 403(b) deferral opportunity for one of our employees in 2019. Is the QNEC considered to be a 2019 or a 2020 contribution for 415 limit purposes? Also, since we are making up for a missed elective deferral opportunity, does the QNEC count toward the 402(g) elective deferral limit?” Partial Plan Termination Relief Provided in New Stimulus Bill The legislation also includes rules for qualified disaster relief payments and extends some provisions of the CARES Act. Less Than Two Weeks Left!! Nominations for the 2021 Plan Sponsor of the Year awards are open, and the deadline for entries in January 13. Financial Wellness Programs Need to Include a Way to Measure Success There are specific metrics that can be measured via data and employee and employer surveys. TSA Consulting Group Joins USRBP U.S. Retirement & Benefits Partners specializes in K-12, governmental, corporate and nonprofit retirement plans. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850