Resources
News

Retirement Plan Sponsors and Service Providers – What You Need to Know About Missing Participants

February 22, 2022 Media Mentions
PLANSPONSOR

Verrill partner Kimberly Couch was recently featured in the PLANSPONSOR article “The Process for Issuing RMDs When Participants Are ‘Missing.'" The article discusses the steps that retirement plan sponsors and service providers must follow to find missing participants and ensure all required minimum distribution payments are made and penalties are avoided. Couch commented, “Failure to do so can lead to the plan losing its favorable IRS tax treatment and could even end in plan disqualification.”

Read the entirety of this article on PLANSPONSOR.com.

Firm Highlights

Blog

DOL Signals Heightened Enforcement of Non-Quantitative Treatment Limitation Requirements

Introduction . When the U.S. Department of Labor issued its biennial 2022 Mental Health Parity and Addiction Equity Act (“MHPAEA”) Report to Congress earlier this year, it outlined significant noncompliance by health plans. (Full...

News

Verrill Appoints Karen Hartford as Firm’s New Diversity & Inclusion Committee Chair

Blog

How many participants is too many for a top hat plan?

A client recently reviewed a census of participants in its deferred compensation plan and found that the covered group amounted to nearly 15% of its total workforce. Mindful of the need to limit the...

Blog

Deciphering First Circuit’s Thirty-page Primer on NQTL Analysis and ERISA Information Requests

The widely publicized 2022 Report to Congress regarding the Mental Health Parity and Addiction Equity Act (“Parity Act”) forewarned greater enforcement efforts by the Department of Labor and highlighted suspected deficiencies in health plans&rsquo...

Publication/Podcast

2021 Year End Employee Benefit Plan Amendments

Health and Welfare Plans Employers that made available COVID-19 relief and benefit enhancements in 2020 – such as the increased carry over limit and extended grace period for health flexible spending accounts – need...

Publication/Podcast

Employee Benefits & Executive Compensation 2021 Summer Client Advisory

Click here to view as a PDF. This Client Advisory summarizes developments in the law governing employee benefit plans prompted by the COVID-19 pandemic. We explain what these developments mean for plan sponsors and...

News

Verrill Welcomes Associates Rachel A. Deering, Anna Mikhaylina, Derek Rocha, and Lea Silverman

News

Verrill Attorney Chris Lockman Quoted in Bloomberg Law Article on Northeastern Lawsuit Supreme Court Decision

Verrill attorney Chris Lockman was recently quoted in the Bloomberg Law article Burst of 401(k) Fee Litigation Gets Boost From Supreme Court (2). The article details the Supreme Court's decision to overturn an appellate...

Blog

Proposed IRS Regulations Clarify SECURE Act Changes to RMD Rules for Beneficiaries

When the Setting Every Community Up for Retirement Security Act of 2019 (SECURE Act) took effect on January 1, 2020, it changed the rules for retirement plan required minimum distributions (RMDs) to participants and...

Publication/Podcast

Courts Expand on Rules Regarding the Protection of Retirement Plan Assets

Contact Verrill at (855) 307 0700