Featured Jobs
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Regional Vice President, Sales MAP Retirement USA LLC
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Retirement Plan Administration Consultant Blue Ridge Associates
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BPAS
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Retirement Relationship Manager MAP Retirement
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July Business Services
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MAP Retirement
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BPAS
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Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
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Retirement Plan Consultants
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Southern Pension Services
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BPAS
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ESOP Administration Consultant Blue Ridge Associates
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Pentegra
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Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
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Anchor 3(16) Fiduciary Solutions
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Managing Director - Operations, Benefits Daybright Financial
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Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
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Search the News Archive
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12 Matching News Items |
| 1. |
Schechter Benefits Law Group LLP
May 20, 2025
"Understanding how QDROs work can help avoid costly delays and protect everyone's interests. This guide provides key information from the [DOL], the [IRS], and the [GAO] to help clients, family law attorneys, and retirement plan administrators navigate QDROs with greater clarity."
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| 2. |
Schechter Benefits Law Group LLP
Apr. 2, 2025
"The employee benefits world is evolving rapidly, with new priorities emerging for both employers and employees.... While innovative benefits can attract and retain talent, compliance remains the cornerstone of any successful employee benefit plan.... [E]mployee ownership will play a pivotal role in reshaping the American workplace."
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| 3. |
Schechter Benefits Law Group LLP
June 24, 2025
"As a plan sponsor, taking steps to secure your plan data isn't optional, it's part of your legal duty to act in your participants' best interests.... [1] Review your vendor contracts for cybersecurity language. [2] Request and review audit reports from your service providers. [3] Implement basic security practices for your internal team. [4] Educate your participants about protecting their accounts. [5] Document your efforts as part of fiduciary oversight."
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| 4. |
Schechter Benefits Law Group LLP
July 29, 2025
"From early-stage biotech startups to publicly traded life sciences firms, companies ... use equity-based compensation (e.g., stock options, restricted stock units (RSUs)) and nonqualified deferred compensation (NQDC) to attract and retain top scientific and executive talent. However, without careful legal structuring and administration, these arrangements can easily run afoul of Section 409A of the Internal Revenue Code (IRC), triggering steep tax penalties and administrative exposure."
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| 5. |
Schechter Benefits Law Group LLP
July 22, 2025
"[1] What does Section 409A regulate? ... [2] Which arrangements are exempt? ... [3] What distribution events are allowed? ... [4] What penalties apply for noncompliance? ... [5] What are the most common Section 409A mistakes? ... [6] How can I ensure Section 409A compliance? ... [T]he Dual Risk in 409A Noncompliance.... [1] Tax penalties under Section 409A ... [2] Breach of contract or fiduciary duty claims."
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| 6. |
Schechter Benefits Law Group LLP
July 15, 2025
"A mid-year compliance check is a cost-effective way to stay ahead of potential risks. With the IRS's expanded self-correction options, plan sponsors can correct many issues independently and avoid triggering audits or disqualification."
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| 7. |
Schechter Benefits Law Group LLP
June 17, 2025
"While a funding shortfall can be a serious challenge, plan sponsors facing a temporary financial hardship may have options. Relief under IRC Section 412(c) is not automatic, but with proper documentation and timely action, a waiver may help protect both the plan sponsor and plan participants from longer-term harm."
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| 8. |
Schechter Benefits Law Group LLP
June 10, 2025
"Recent legislative developments at both the federal and state levels underscore a growing commitment to promoting employee stock ownership plans (ESOPs) ... In May 2025, significant strides were made with the introduction of two federal bills aimed at enhancing ESOP structures, alongside California's proposed SB-713, which seeks to integrate ESOP considerations into state contracting processes."
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| 9. |
Schechter Benefits Law Group LLP
May 13, 2025
"[1] Waiting too long to prepare the QDRO ... [2] Incorrect or incomplete plan information ... [3] Confusing different types of plans ... [4] Not addressing survivor benefits ... [5] Using generic templates ... [6] Ignoring pre-approval by the plan administrator ... [7] Mismanaging taxes on distributions ... [8] Forgetting to divide all plans."
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| 10. |
Schechter Benefits Law Group LLP
May 6, 2025
"A recent published opinion from California's Fourth District Court of Appeal has opened the door to using Qualified Domestic Relations Orders (QDROs) to satisfy breach of fiduciary duty awards -- even when the QDROs assign 100% of a party's ERISA-governed retirement benefits, including amounts earned after the marriage." [In re Marriage of DeBenedetti & Ensburg, No. D082801 (Cal. Ct. App. Apr. 5, 2024)]
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