Posts Tagged ‘retirement plan development’

2014 Retirement Plan Limit Increases Announced

The IRS announced yesterday the new limits for 2014. The most important changes applicable to retirement plans are outlined below. The §415(c)(1)(A) limit on total contributions to a defined contribution plan was increased from $51,000 to $52,000. The §415(b)(1)(A) limitation on the annual benefit under a defined benefit pension plan increased from $205,000 to $210,000. […]

DOL Extends 404(a)(5) Participant Fee Disclosure Deadline

The Department of Labor (“DOL”) issued Field Assistance Bulletin (“FAB”) 2013-02 on July 22, 2013, extending the deadline for plan sponsors to make their second round of required 404(a)(5) participant fees disclosures.  The 404(a)(5) regulations, effective in 2012, required plan sponsors to provide certain fee disclosure information to participants by August 30, 2012.  The regulations […]

The Impact of the Unconstitutionality of DOMA on benefit plans

The Supreme Court of the United States, in its decision handed down on June 26, 2013, found the Defense of Marriage Act, which was enacted in 1996, violates the U.S. Constitution. The decision will have wide-ranging implications for individuals and employers, and we will begin to see some of these immediately.