Posted on January 3, 2013, 4:40 pm, by Caron & Bletzer.
At long last, the IRS has released their much-anticipated updated Employee Plans Compliance Resolution System (“EPCRS”) guidance, that allows, among other things, 403(b) plans to fully participate in the correction opportunities that program provides. Revenue Procedure 2013-12 was released late in the afternoon on New Year’s Eve. The 148-page document provides welcome guidance to 403(b) […]
Posted on January 3, 2013, 4:38 pm, by Caron & Bletzer.
The Internal Revenue Service (“IRS”) has recently relaxed 401(k) rules in order to provide relief to those adversely affected by Hurricane Sandy. Participants in 401(k) and 403(b) plans, regardless of where of where they are live or work, may take a hardship distribution and use it to assist themselves, dependents, parents or grandparents who lived […]
