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06 May 2019

IRS Revises EPCRS Program Making Certain Errors Easy and Less Costly to Correct

On April 19, 2019, the IRS released Revenue Procedure 2019-19 expanding the self-correction program and making it more liberal and cost-effective for plan sponsors to […]

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19 Feb 2019

401(k) and 403(b) Plan Compensation: Common Errors with Examples

A frequent challenge encountered with many 401(k) and 403(b) plans is the treatment of compensation for purposes of employee and employer contributions. In fact, one […]

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26 Jan 2019

Upcoming 403(b) Plan Document Restatement Deadline

Friendly Reminder: Upcoming 403(b) Plan Document Restatement Deadline January 2019   With a couple of caveats, 403(b) nonprofit plan sponsors must establish and maintain their […]

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10 Jan 2019

Changes to Hardship Withdrawal for 2019

Hardship withdrawals from a retirement plan will be easier to make, thanks to The Bipartisan Budget Act of 2018 (“Budget Act”) that passed earlier this […]

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12 Dec 2018

Monarch Newsletter Student Loan Benefit Program

According to CNBC, the average student loan borrower has $37,172 in student loans, a $20,000 increase from 13 years ago1. As this educational debt continues […]

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