Qualified Retirement Plans and the New IRC Section 199A

Friday, August 17, 2018

The Tax Cuts and Jobs Act (TCJA) offers a 20% tax deduction to owners of pass-through entities, such as sole proprietorships, S corporations, or partnerships, provided they meet certain conditions. Contributions to a qualified retirement plan can help entities qualify for the deduction under the new Internal Revenue Code Section 199A (Section 199A) that would otherwise be phased out or eliminated. The […]

Fiduciary Training Seminar

Friday, August 17, 2018

Windes will be hosting a lunchtime speaking event on Tuesday, September 11 featuring Rick Unser from Lockton Retirement Services. Rick an expert on ERISA risk management and fiduciary responsibility, and he will be sharing his experience, providing an update on ERISA litigation cases, and information on how plan sponsors can best protect themselves from personal […]

Reducing Retirement Plan Fraud

Friday, August 17, 2018

Retirement plan administration requires many tasks and responsibilities that often fall on selected individuals who are also employees of the plan sponsor. These tasks range from census and investment information gathering to the transmittal of contribution checks and distribution payments. Having proper procedures and oversight in place is the best way to prevent fraud, which […]

Compliance Spotlight: New Hardship Rules

Friday, August 17, 2018

The Tax Cuts and Jobs Act of 2017 (ACT) made several changes to the rules governing retirement plans, including the treatment of hardship distributions beginning next year. The following article details the changes affecting hardship distributions made after 2018: Easing Hardship Distribution Rules  

403(b) Plans: Sponsors Should be Aware of the Details of their Plan Contracts

Friday, August 17, 2018

A recent survey of 250 nonprofit plan sponsors by the Plan Sponsor Council of America (PSCA) revealed that many sponsors are unaware of the how their plans are structured with respect to fees, which could leave them open to fiduciary liability. The key findings of the survey are as follows: One-third of respondents are unsure […]