As explained in the February, 2017 edition of The Speed Reader, last year the IRS published proposed regulations that helpfully expanded the permissible uses of forfeitures in retirement plans. On July 20, 2018, the IRS finalized those regulations. One effect of the final regulations concerns safe harbor 401(k) plans. Such plans are deemed to satisfy […]
On January 18, the IRS published a proposed regulation for which many sponsors of safe harbor 401(k) plans have been waiting. The proposed regulation helpfully expands the permissible uses of forfeitures in such plans. As background, safe harbor 401(k) plans are deemed to satisfy certain nondiscrimination tests that compare deferrals and matching contributions of […]