Up to 1 in 5 job changes results in a missing participant; the DOL has issued guidance that addresses the fiduciary responsibilities of plan sponsors related to these plan participants and beneficiaries.
Plan sponsors must understand and comply with hardship distribution changes in both operations and plan documents before 12/31/21.
Plan sponsors should work with service providers to ensure that CARES Act loans errors as a result of provisions in the Act expiring are crorrected, or take advantage of federal self-correcting programs.
Answers to some of the most common employee benefit plan sponsor FAQs since passage of the CARES Act.
Highlights from the BDO 4th Quarter 2020 ERISA Roundup, including important dates, COLA, documenting late 401(k) deposits, and more.
Common questions re: the audit and federal reporting requirements for employee benefit plans (401k, 403b, defined benefit, health and welfare, Section 125).