New IRS Final Regulations for Hardship Distributions Under 401(k) and 403(b) Plans
Notable Changes and Required Amendments for Retirement Plans, Key Compliance Challenges for Plan Sponsors
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide ERISA counsel, plan sponsors, and administrators a detailed analysis of the new IRS final regulations for hardship distributions for 401(k) and 403(b) plans. The panel will discuss key provisions of the final rules, necessary amendments for retirement plan documents, administrative pitfalls to avoid for plan sponsors and administrators, and methods in overcoming key compliance challenges stemming from the new regulations.
- Hardship rules under tax reform and Bipartisan Budget Act
- Key provisions of the IRS final regulations
- Necessary amendments for retirement plan documents
- Correcting plan errors and avoiding IRS examination
The panel will review these and other key issues:
- What are the key provisions of the IRS final regulations for 401(k) and 403(b) plan hardship distributions?
- What are the necessary amendments to retirement plan documents under the new rules?
- What are other recommended, but not required, retirement plan modifications under the new rules?
- What are the administrative pitfalls stemming from the new rules and methods to avoid them?
Ms. Brewster advises clients on compensation and benefits issues associated with corporate transactions, including... | Read More
Ms. Brewster advises clients on compensation and benefits issues associated with corporate transactions, including negotiating transaction documents, drafting employee communications, performing 280G analyses, conducting due diligence, and assisting with benefits and compensation integration issues. She also advises clients on all aspects of defined contribution and defined benefit plans, including plan design, administration, compliance, governmental submissions, plan amendments, participant communications, plan merger and termination, and withdrawal liability and mitigation for multiemployer plans.Close
Robert R. Gower
Mr. Gower concentrates his practice in all aspects of tax-qualified retirement plan design, compliance, and... | Read More
Mr. Gower concentrates his practice in all aspects of tax-qualified retirement plan design, compliance, and administration. He routinely works with defined benefit, cash balance, profit sharing, 401(k) and KSOP plans. He has wide-ranging experience in plan drafting and assists plan sponsors in preparing committee charters and bylaws to help govern plan administration. He routinely works with clients to assist with compliance efforts and works with plan sponsors to comply with ERISA’s fiduciary requirements.Close
Mamta K. Shah
Ms. Shah has experience advising public and privately-held companies on all aspects of employee benefits law, including... | Read More
Ms. Shah has experience advising public and privately-held companies on all aspects of employee benefits law, including the implementation, design and administration of qualified employee benefit plans (such as 401(k) plans, profit sharing plans and defined benefit plans), nonqualified deferred compensation arrangements, health and welfare plans, and severance, stock option and other equity and/or incentive based compensation plans. She also has experience in employee benefits issues arising in the context of business transactions, such as corporate mergers, acquisitions and dispositions, with an expertise in benefits integration and disintegration.Close