Regulatory Updates
Periodic updates communicating important regulatory developments to plan sponsors, including those provided by ERISA and other governing bodies.
Compliance Checklist for 2020
As the close of 2019 draws nearer, PEI would like to remind you of some important dates for the coming new year. Click here for PEI’s 2020 Compliance Checklist and stay aware of the important dates defined contribution plan sponsors should know for meeting regulatory compliance.
Read MoreRetirement Plan Limits for 2020
The Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. IRC Section 415 requires the limits to be adjusted annually for cost-of-living increases. Description of Limit 2019 2020 401(k) Elective Deferrals $ 19,000 $ 19,500 403(b)/457 Elective Deferrals $ 19,000 $ 19,500 Annual Compensation Limits $ 280,000 $ 285,000 […]
Read MoreAssociation Retirement Plans (ARPs)
The Department of Labor’s (DOL) recently released final ARP regulation relaxing requirements for multi-employer plans (MEPs), requiring that employer-members of a group or association either have a principal place of business within a single metropolitan area or state, or be in the same trade, industry, profession or line of business. The primary purpose can be […]
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