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Hot Off the Presses: Latest 401(k) Trends & Developments

Diane M. Morgenthaler and Jeffrey M. Holdvogt recently presented the webinar “Student Loan Benefits and Other 401(k) Developments” at the Worldwide Employee Benefits Network Chicagoland program. In the presentation, they discussed a variety of new 401(k) trends and developments, including:

  • Employer options for student loan benefits and related considerations;
  • The IRS’s recent expansion of its determination letter program to certain hybrid and merged plans; and
  • New changes to EPCRS, the IRS’s comprehensive program for correcting tax-qualified plan failures.

For more information on these and other developments, please see our On the Subjects on the SECURE Act and the changes to EPCRS.

View the full presentation. 




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IRS Announces Additional Changes in Determination Letter Program

The Internal Revenue Service (the IRS) recently issued Notice 2016-03 (the Notice) addressing three topics and expanding on its earlier announcement of major changes in the determination letter program for individually designed retirement plans. The Notice will likely be followed by additional guidance from the IRS, addressing features of the determination letter program.

Read the full article.




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