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A Chronology of COVID-19 Relief for ERISA Plans In 2020, the employee benefits world was dominated by the COVID-19 pandemic. The following chronology highlights the ongoing relief provided by legislation, regulatory action, and other agency guidance to assist ERISA plan participants, fiduciaries, and sponsors during the ongoing COVID-19 pandemic through November 30, 2020. (Superseded agency guidance has been omitted.) We provide a number of links to articles on our blog, Benefits Law Update, which offer additional information about many of these important regulatory changes. Much of the guida...

KXLY December 15, 2020 1:16 PM Miranda Marquit - Forbes Advisor Posted: Updated: December 17, 2020 6:28 AM A Roth 401(k) is a defined contribution retirement plan funded by after-tax dollars. The Roth 401(k) plan shares many similarities with the Traditional 401(k) plan, although the latter is funded with pre-tax dollars. A Roth 401(k) also shares its after-tax contributions approach with the Roth IRA plan. However, there are important differences you should understand between a Roth 401(k), a Traditional 401(k) and a Roth IRA. Let’s take a closer look at all the details. Tax Diff...

11 Dec 2020 Many people put off thinking about their taxes until right before the tax filing deadline. However, the end of the year is a great time to start thinking about how you can minimize your taxes. In fact, what you do now may have a significant impact on the tax return you file in a few short months. Year-End Tax Planning Moves Here are some ways you can save on your taxes before the calendar flips to the beginning of the new year. 1. Contribute to Retirement Accounts Now is a great time to contribute to your traditional retirement accounts, including your TSP, 401k, or a traditional ...