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Ed Frado Law Blog: Latest Updates and Industry News

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IRS Issues Guidance Addressing Safe Harbor Retirement Plans:

On December 9, 2020, the IRS issued Notice 2020-86 (the “Notice”). This new guidance expands on sections 102 and 103 of the Setting…
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January 2021 ERISA Litigation Update:

Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is…
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Year-End Reminders for Defined Contribution Plans:

As the end of 2020 quickly approaches, retirement plan sponsors should promptly consider several important potential tasks. Examples include the following: December 1…
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Department of Labor Announces Results of 2020 Employee Benefit Plan Investigations and Other Enforcement Measures:

On October 14, 2020, the Department of Labor (the “DOL”) published a Fact Sheet summarizing its fiscal-year 2020 compliance enforcement activities regarding employee…
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2021 Retirement Plan Limits Announced:

On October 26, 2020, via Notice 2020-79, the IRS announced the effect of cost-of-living adjustments on certain 2021 dollar limits for various retirement…
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New IRS Guidance Should Remind Employers to Retain Participants’ Current Address:

The IRS recently released Private Letter Ruling 202023007 (the “PLR”). The PLR applicant, who owned an IRA, requested a waiver of the Internal…
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