PLANSPONSOR Weekend Newsdash
Week ending September 6th, 2019
The Employee Retirement Income Security Act (ERISA) requires retirement plan sponsors to act in the best interest of plan participants, not to make decisions to avoid lawsuits. However, lawsuits can offer insights into how to act in the best interest of plan participants. Plan sponsors also need to make sure they understand all the laws affecting their retirement plans—qualified and nonqualified. Guidance from agencies can help plan sponsors with plan administration issues—such as the IRS’ recent guidance about uncashed checks. And, in some cases, state laws guide plan administration and design—especially for K-12 403(b) plans. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Compliance
Groups Urge Supreme Court Not to Undermine Value of Plan Disclosures
They argue that retirement plan disclosures give retirement plan participants the “actual knowledge” required by ERISA, whether participants read them or not, and that an appellate court decision in the Intel case exacerbates the risk of hindsight bias in ERISA cases.Read more >
Compliance
Litigators Share What They Investigate for Filing TDF Lawsuits
A litigation firm has listed what it is investigating for potential lawsuits over target-date funds (TDFs) in retirement plans, and an ERISA attorney makes suggestions for how plan fiduciaries may avoid such suits.Read more >
Compliance
Nonqualified Deferred Compensation Plans and Section 409A
NQDC plan sponsors must understand Section 409A rules to avoid unintended tax consequences and, possibly, participant lawsuits.Read more >
Compliance
IRS Issues Guidance About Uncashed Retirement Plan Distributions
A Revenue Ruling addresses whether an individual’s failure to cash a distribution check received alters the employer’s obligations with respect to withholdings and reporting under the Internal Revenue Code.Read more >
Compliance
State Laws Prevent Single Provider for Some K-12 403(b)s
Yet another law requiring multiple providers for K-12 403(b) plans is reigniting the debate over whether more choice is good or bad for participants.Read more >
MOST POPULAR STORIES
Extending Financial Wellness Into Retirement

How can employers ensure financial wellness programs create habits that carry into retirement and address employee concerns about the future?

Reasons Exist to Turn a Cold Shoulder to Company Stock in DC Plans
However, if plan sponsors choose to offer company stock, there are efforts they can take to mitigate a litigation or participant outcomes meltdown.
Friday Files - February 21, 2020

Now it's time for some FRIDAY FUN!

IRS Announces 2020 Contribution and Benefit Limits

The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.

2020 Best in Class 401(k) Plans
PLANSPONSOR is pleased to announce the sixth “class” of companies winning the Best in Class 401(k) Plan designation.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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