Torrillo & Associates

  • Contact Us
  • 484-574-8782
  • Home
  • About
    • specialists
    • our team
    • careers
  • Audit Process
  • Services
    • CPA firm partnership
  • Clients
  • Videos
  • Blog

Lifetime Income Illustrations Issued by DOL

  • 0
David Torrillo
Wednesday, August, 19, 2020 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Retirement - 401(k), 403(b)
On August 18, 2020,the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) announced an interim final rule that will help workers determine their ability to retire by allowing them to estimate how their current savings in a 401(k)-type plan might translate into lifetime monthly payments. Read More
401(k)403(b)DOLEBSALifetime Income

Proposed Regulations Issued On Extended Rollover Period For Qualified Plan Loan Offset

  • 0
David Torrillo
Wednesday, August, 19, 2020 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
The IRS has issued proposed regulations related to the extended rollover period for a qualified plan loan offset amount. The details of the proposed regulations, as reported by Checkpoint of Thomson Reuters, is detailed below. Read More
401(k)403(b)IRSQualified Plan Loan Offset

IRS Provides Guidance on Waiver of 2020 Required Minimum Distributions

  • 0
David Torrillo
Friday, June, 26, 2020 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Retirement - 401(k), 403(b)
IRS Notice 2020–51, Guidance on Waiver of 2020 Required Minimum Distributions, provides guidance relating to the waiver of 2020 required minimum distributions (RMDs) under the CARES Act. In particular, the notice: permits rollovers of waived RMDs and certain related payments includes an extension of the 60-day rollover period for certain distributions to August 31, 2020
401(k)403(b)IRSRequired Minimum Distributions

IRS Expands Access to COVID-19 Related Plan Distributions and Loans

  • 0
David Torrillo
Friday, June, 26, 2020 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Retirement - 401(k), 403(b)
The Internal Revenue Service (IRS) Notice 2020-50, Guidance for Coronavirus-Related Distributions and Loans from Retirement Plans Under the CARES Act, expands access to COVID-19 related plan distributions and plan loans for qualified participants under the CARES Act by expanding the categories of individuals eligible for these types of distributions and loans (referred to as “qualified
401(k)403(b)Hardship DistributionsIRS

Pandemic Considerations for EBP Financial Statements

  • 0
David Torrillo
Wednesday, June, 17, 2020 / Published in Employee Benefit Plans, News and Press Releases
Recently, our own Dave Torrillo, along with Gwen Stoute of Hogan Taylor and Lisa Todd of Moss Adams, was interviewed for an article written by Ken Tysiac editotial director of the Journal of Accountancy, “Pandemic considerations for EBP financial statements.” Read More
401(k)403(b)Benefit Plan AuditDefined Benefit Plans

Temporary Relief from the Physical Presence Requirement for Plans

  • 0
David Torrillo
Thursday, June, 04, 2020 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
In response to the unprecedented public health emergency caused by the Coronavirus Disease 2019 (COVID-19) pandemic, and the related social distancing that has been implemented, this notice provides temporary relief from the physical presence requirement in Treasury Regulations § 1.401(a)-21(d)(6) for participant elections required to be witnessed by a plan representative or a notary public,
401(k)403(b)IRSPension PlansTemporary Relief

DOL Issues Safe Harbor For Electronic Media

  • 0
David Torrillo
Thursday, May, 21, 2020 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Retirement - 401(k), 403(b)
As expected, the Department of Labor (DOL) has issued a final rule for a new, additional safe harbor for employee benefit plan administrators to use electronic media, as a default, to furnish information to participants and beneficiaries of plans subject to the Employee Retirement Income Security Act of 1974 (ERISA). Read More
401(k)403(b)Defined Benefit PlansDOLPension Plans
  • 2
  • 3
  • 4
  • 5
  • 6

Recent Posts

  • SECURE 2.0 Act of 2022

    SECURE 2.0 Act of 2022 was passed by Congress a...
  • DOL Proposed Changes to VFCP, including Adding Self-Correction for Late Contributions

    The U.S. Department of Labor announced that its...
  • No Entries Listing Changes in Qualification Requirements on the 2022 IRS Required Amendments List

    Notice 2022-62 contains the 2022 Required Amend...

Categories

  • Employee Benefit Plans
  • Forms and Procedures
  • News and Press Releases
  • Policy Updates
  • Retirement – 401(k), 403(b)
  • Uncategorized

Torrillo & Associates, LLC specializes in employee benefit plan audits, 401k audits, 403b audits, pension plan audits, and retirement plan audits. We are licensed in 7 states including New York, New Jersey, and Pennsylvania.  With firm mobility, we are also able to practice in an additional 27 states.

36 Regency Plaza
Glen Mills, PA 19342

view on map »

Phone: 484-574-8782
Fax: 484-574-8785

  • GET SOCIAL
Torrillo & Associates

Copyright © 2010 to 2023 Torrillo & Associates, LLC. All rights reserved. v07.03.22.WPE| Privacy Policy | Terms of Use

TOP
X
Worried about your yearly Benefit Plan Audit? Call us now for a free consultation!
Call Us
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT