Employee Benefits

Employee Benefits newsletter

Employee Benefits Update – Summer 2015

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“THE BUCK STOPS HERE” – IRS REITERATES PLAN SPONSOR RESPONSIBILITY FOR DOCUMENTATION OF HARDSHIP DISTRIBUTIONS AND PARTICIPANT LOANS Loans to participants and distributions due to participant hardship are transactions commonly delegated by employee benefit plan management to third-party service providers. As service providers continue to streamline their administrative processes in the increasingly paperless plan environment, the amount

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Employee Benefits Update – Spring 2015

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THE IMPACT OF SOCIAL SECURITY NUMBERS ON EMPLOYEE BENEFIT PLANS Social Security numbers (SSNs) in employee benefit plans (EBP) are a topic of growing concern for multiple reasons. Employee benefit plans are faced with SSNs that belong to individuals who are deceased, that belong to other individuals, and some that are invalid altogether. In the

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Employee Benefits Update – Fall 2014

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The Internal Revenue Service recently announced new cost-of-living adjustments—many of which will allow employees to contribute more toward their retirement plans in 2015.

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