by David Torrillo | Aug 31, 2018 | Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Uncategorized
On August 31, 2018, the President signed an executive order to expand access to workplace retirement savings plans for American workers and to review rules on required minimum distributions. The President’s order directs the Departments of Labor and the Treasury to...
by David Torrillo | Aug 28, 2018 | Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
On August 17, 2018 the IRS issued a private letter ruling, which permitted an employer to provide a student loan repayment benefit offered through a 401(k) Plan. The student loan benefit program under the plan provided the employer to make a nonelective contribution...
by David Torrillo | Jun 5, 2018 | Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
The Internal Revenue Service periodically issues Snapshots. Snapshots are employee job aids that provide analysis and resources for a given technical tax issue. Snapshots are developed through internal collaboration at the IRS and may evolve as the compliance...
by David Torrillo | Mar 19, 2018 | Employee Benefit Plans, News and Press Releases
Torrillo & Associates, LLC was recently featured on PICPA – CPA Conversations. CPAs auditing employee benefit plans are dealing with a lot of standards, including SAS No. 132 and FASB ASU No. 2017-06. Additionally, the new tax law will affect CPAs working...
by David Torrillo | Mar 12, 2018 | Employee Benefit Plans, Forms and Procedures, News and Press Releases
IRS Issuing Opinion and Advisory Letters for Pre-approved Defined Benefit Plans and Opening Determination Letter Program for Pre-approved Plan Adopters In IRS Announcement 2018-05 , the Internal Revenue Service (IRS) indicated that it intends to issue opinion and...
by David Torrillo | Feb 12, 2018 | Employee Benefit Plans, News and Press Releases, Retirement - 401(k), 403(b)
The “Bipartisan Budget Act of 2018″—P.L. 115-123 (the “Budget Act”) was passed by Congress and signed into law by the President on February 9, 2018. The two year budget provides for a continuing resolution to fund the federal government through March 23,...
