…longer held that role after the acquisition. Months went by and the Plan Administrator role was not filled. That meant that the plan was in limbo, and the level of participant frustration was escalating, along with risk of Department of Labor involvement. Until a new…
On December 20, 2019, President Trump signed the government’s must-have, year-end spending bill, the Further Consolidated Appropriations Act, 2020, into law. The last minute addition of the Setting Every Community Up for Retirement Enhancement (SECURE) Act provisions to the spending bill means a landslide of…
…will be a challenge from a recordkeeping perspective, but our view is that the provision will rapidly gain popularity once the tax community becomes facile with its implications and opportunities. Provision: Less stringent controlled group rules Businesses under common ownership or control are subject to…