What's New
Revenue Ruling 2009-30 demonstrates ways a 401(k) plan sponsor can include automatic contribution increases in its plan.
Notice 2009-65 provides sample automatic enrollment plan language that a 401(k) plan sponsor can adopt with automatic IRS approval.
Proposed amendments to the regulations relating to certain case or deferred arrangements and matching contributions under section 401(k) plans were published in the Federal Register. The proposed regulations would allow plans that incur substantial business hardship to reduce or suspend safe harbor nonelective contributions during a plan year.
A special edition of Employee Plans News contains a brief summary of the proposed amendments.
IRC 401(k) plans are the most popular type of retirement plan used today. They can be a powerful tool in promoting financial security in retirement and are a valuable option for businesses considering a retirement plan, providing benefits to employees and their employers.
401(k) Resource Guide has been developed for sponsors and participants for 401(k) plans. These guides enable you to better understand the 401(k) laws and give other detailed information to assist plan sponsors and participants in what they need to know.
An expanded online version of the Publication 4222, 401(k) Plans for Small Businesses, is available through the efforts of the U.S. Department of Labor and Internal Revenue Service. This expanded version contains the text of the publication and is enhanced with links to more detailed information and other resources dealing with 401(k) plans.
A 401(k) or 403(b) plan (but not a SARSEP or SIMPLE IRA plan) may permit an employee to irrevocably designate some or all of his or her elective contributions under the plan as designated Roth contributions.
A 401(k) plan has a life cycle with four distinct stages through which the plan evolves. The following articles offer a basic understanding of the life cycle of a 401(k) plan.