The Department of Labor’s Employee Benefits Security Administration is holding a Voluntary Fiduciary Correction Program webinar in March.
Tag: Distributions Tax
The IRS has provided answers to questions received about the new single-distribution rule for rollovers from retirement plans.
Articles from the Trendspotting section of the magazine
With acronyms like ADP, ACP, NHCEs, and HCEs, the technicality of 401(k) plan nondiscrimination testing may seem overwhelming.
Reaching $25 million in an individual retirement account (IRA) might sound like a pipedream, but some Americans have managed to do just that.
The Internal Revenue Service (IRS) has provided rules for allocating pre-tax and after-tax amounts among distributions that are made to multiple destinations from a qualified plan described in Section 401(a) of the Internal Revenue Code.
Some retirement plan participants think the required minimum distribution (RMD) is a good guide for an appropriate withdrawal rate in retirement, research suggests.
The Puerto Rico Treasury Department has issued guidance on tax prepayment windows for retirement plans, according to a brief from the Groom Law Group.
Just 43% of retirement plan participants over age 50 have considered a formal withdrawal strategy for accumulated assets, according to an OneAmerica survey.
A new study of 401(k) plans shows that more than 50,000 of them failed nondiscrimination testing for the 2012 plan year.
The average retirement plan participant’s decision to leave 401(k) assets in-plan or actuate a distribution when leaving an employer often hinges on whether they are retiring or taking a new job.
A U.S. House leader has introduced a sweeping tax reform bill that has many in the retirement industry alarmed about its proposals concerning retirement plans.
President Obama raised both hopes and eyebrows when he introduced new proposals for combating America’s retirement crisis during his fifth State of the Union address.
A strong majority of working parents already saving for their kids’ college expenses rank future education costs among the top reasons to save in 2014.
A federal court ruled a business owner violated prohibited transactions rules in creating a limited liability company (LLC) with assets from his individual retirement account (IRA).
While the fiscal cliff deal left tax treatment of retirement savings unchanged, it includes a provision for retirement plans that could generate revenue right away.
A Wisconsin man accused of murdering his wife will be able to hire an attorney using funds from his 401(k).
Witnesses before the Senate Finance Committee offered arguments against changing tax advantages for workers’ retirement plan savings.
The American Society of Pension Professionals & Actuaries (ASPPA) says proposals to scale back or eliminate retirement savings tax incentives for 401(k) plans are based on misleading math.
Last week, Fidelity published some data from their quarterly analysis of participant activity.