Employers have an obligation to manage their retirement plans in the best interest of participants and beneficiaries. This requires a knowledge of plan provisions and frequent revisiting of the document so that it is responding to industry changes. IRS rules compel review at this time to make sure that they confirm to regulations.
About Timothy Tornga
Timothy J. Tornga practices at Mika Meyers Beckett & Jones PLC in all areas of retirement and welfare benefit plans for government, not-for-profit and for-profit employers. He has extensive experience in health and welfare benefits, flexible benefits and fringe benefits for all employers and retirement plans and executive compensation for government, tax-exempt and for-profit employers.
Entries by Timothy Tornga
How will the IRS find out if an employer is liable for a shared responsibility payment? How will the IRS determine if individuals are disqualified from exchange subsidies because of an offer of employer coverage? The simple answer: Employers will tell the IRS.
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