Defined Contribution Plans
Updated to reflect electronic disclosure final rule, effective July 27, 2020.
An appropriations bill signed as 2019 closed repealed the ACA's "Cadillac tax" on certain high-cost, employer-based healthcare plans and enacted the SECURE Act, which eases compliance burdens for certain employer-sponsored retirement plans.
Updated to reflect IRS guidance issued on the expanded determination letter program.
The DOL has issued a final exemption to make it easier for employers to transfer 401(k) plan funds left behind by former workers to their new employers' plans.
Employment glossary definition of Age-Weighted Profit Sharing Plan.
Employment glossary definition of Defined Contribution Plan.
Employment glossary definition of Floor Offset Plan.
Employment glossary definition of PBO (Pension Benefit Obligation).
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Copyright © 2021 LexisNexis Risk Solutions Group
© 2021 LexisNexis Risk Solutions Group.