ERISA & Employee Benefits

Year End Reminders for Retirement Plans 2021 Edition

By Jon Schultze As the end of 2021 approaches, employers and plan sponsors of retirement plans need to be aware of their year-end responsibilities and some of the issues they will need to consider going into 2022. Year-end amendments – Plans may need to adopt amendments by December 31, 2021, even if the plan’s plan year is not the calendar year: Final hardship distributions regulations – The ...

IRS Announces Cost-of-Living Adjustments Affecting Retirement Plans for 2022

The Internal Revenue Service announced cost-of-living adjustments affecting certain dollar limitations for pension plans and other retirement-related limitations for 2022 in Notice 2021-61.

Department of Labor Provides Temporary and Limited Relief to Investment Advice Fiduciaries

by Barry Salkin, and Stephen Wilkes

IRS Announces Cost-of-Living Adjustments Affecting Retirement Plans

The Internal Revenue Service announced cost-of-living adjustments affecting certain dollar limitations for pension plans and other retirement-related limitations for 2021 in Notice 2020-79.