Monthly Archives: November 2007

Turning IRS Model 403(b) Language into a Useable Plan Document

I wanted to see what the new Model 403(b) Plan released by the IRS in Rev. Proc. 2007-71 would look like as an actual plan document, so I formatted it using the common plan document style, including a table of … Continue reading

Posted in 403(b), IRS | 1 Comment

Model 403(b) Plan Language Released by the IRS includes Auto Enroll Language

When the IRS released the Final 403(b) Regulations earlier this year, they also announced that they would be releasing model plan language, and potentially a model plan itself, for plan sponsors to adopt. In the past, the IRS has released … Continue reading

Posted in 403(b), Automatic Enrollment, IRS | 1 Comment

Supreme Court Hears Argument in 401(k) Remedy Case of LaRue v DeWolff, Boberg

The U.S. Supreme Court today heard oral argument in LaRue v. DeWolff, Boberg & Assoc. At the heart of it, this case is about a failure to follow investment instructions, and a participant seeking the lost profits which he may … Continue reading

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Blogging About ERISA – Carnival #21

This week in the Employee Benefits world: Jerry Kalish of The Retirement Plan Blog discusses the difference between S-Corp compensation and C-Corp compensation in So Now, Exactly What is Reasonable Compensation? Roy F. Harmon III of the Health Plan Law … Continue reading

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QDIA Notice: No Relief in Sight

With the deadline of November 24th to provide the Qualified Default Investment Alternatives (QDIA) Notice fast approaching, neither the Dept. of Labor nor the IRS has announced a last minute extension. When the DOL released the Final Rule on Default … Continue reading

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IRS Issues Sample Automatic Enrollment Notice and Default Investment Notice

For plans implementing a qualified automatic contribution arrangement (QACA) or an eligible automatic contribution arrangement (EACA), notice of the arrangement must be provided to employees at least 30 days before the beginning of each plan year. The IRS has issued … Continue reading

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Sample Automatic Enrollment Notice

Tom Poje posted a sample Automatic Enrollment notice on Benefitslink.com. [tags]automatic enrollment, sample notice, QACA, EACA, ERISA[/tags]

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IRS Defines Salary Reduction Agreement for 403(b) Plans

The debate continues on whether the IRS requires 403(b) plans to be expressed on a written plan document. The latest statement from the IRS on this issue is contained in the new final regulations released today. With these Final Regulations, … Continue reading

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Plan Language on Reimbursement after Sereboff – One Case, Two Different Outcomes

One set of facts, two plan documents involved = two different outcomes. While redrafting a cafeteria plan document to update the language in the plan, the Eleventh Circuit’s decision in Popowski v. Parrott, No. 05-10235 (Aug. 24, 2006), popped back … Continue reading

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Veteran’s Day

Lizzie Palmer has posted an amazing video on YouTube. The video has nothing to do with plan documents or ERISA directly. Earlier this month, I posted about reviewing the USERRA provisions in plan documents before making year-end contribution projects for … Continue reading

Posted in Distributions, Legislation, Plan Language | 1 Comment