Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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IRS Gives Plan Sponsors Welcome Relief for Automatic Enrollment Features
Strategic Benefit Services [Guidance Overview] June 2, 2015
"Recognizing that the potential cost of QNEC discourages employers from adopting automatic enrollment and/or automatic escalation features, IRS issued Revenue Procedure 2015-28 to modify the safe harbor correction methods for deferral failures within a 401(k) or 403(b) plan. This new corrective action not only encourages employers to adopt and/or to retain automatic enrollment features, but also encourages the early correction of missed deferrals, should they occur."
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