Automatic IRA Act of 2007
With the introduction of the Automatic IRA Act of 2007, S. 1141, automatic IRAs have become a topic of conversation again. The Automatic IRA is not a new idea – Congress has seen bills containing...
View ArticleAutomatic Enrollment Expected to be Popular
Yesterday, the Wall Street Journal published an article about how businesses are jumping on the automatic enrollment bandwagon. In “Auto Enroll Retirement Plans Take Off”, Jillian Mincer reports that,...
View ArticleComments on PPA Technical Corrections Bill Requested
The House Ways and Means Committee is requesting comments on H.R. 3361, which is the House bill containing technical corrections to the Pension Protection Act. Comments will be accepted until the close...
View ArticleT-Minus 22 Days and Counting: Implementing Automatic Enrollment for 2008
The proposed regulations for automatic enrollment arrangements are out, and the clock is ticking. For calendar year plans implementing a qualified automatic contribution arrangement (QACA) or an...
View ArticleQACA: More from the Proposed Automatic Contribution Regulations
Yesterday, the IRS released Proposed Regulations on Automatic Contribution Arrangements. They contain some answers on the new Qualified Automatic Contribution Arrangement (QACA), created last year by...
View ArticleSample Automatic Enrollment Notice
Tom Poje posted a sample Automatic Enrollment notice on Benefitslink.com. [tags]automatic enrollment, sample notice, QACA, EACA, ERISA[/tags]
View ArticleIRS Issues Sample Automatic Enrollment Notice and Default Investment Notice
For plans implementing a qualified automatic contribution arrangement (QACA) or an eligible automatic contribution arrangement (EACA), notice of the arrangement must be provided to employees at least...
View ArticleQDIA Notice: No Relief in Sight
With the deadline of November 24th to provide the Qualified Default Investment Alternatives (QDIA) Notice fast approaching, neither the Dept. of Labor nor the IRS has announced a last minute...
View ArticleModel 403(b) Plan Language Released by the IRS includes Auto Enroll Language
When the IRS released the Final 403(b) Regulations earlier this year, they also announced that they would be releasing model plan language, and potentially a model plan itself, for plan sponsors to...
View ArticleToday in ERISA History
March 23, 2009 – The IRS issues Final Regulations on Automatic Contribution Arrangements. Section 902 of the Pension Protection Act of 2006 (PPA ’06) added Code section 401(k)(13), 401(m)(12) and...
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