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IRS Clarifies “No Tax on Overtime” Rules for 2026
The IRS has released updated guidance on the new deduction for qualified overtime compensation, commonly referred to as “No Tax on Overtime.” The August 2026 guidance provides important clarification for both employees who may qualify for the deduction and employers...
Understanding Fiduciary Responsibility Regarding Electronic Distributions and Loans Under ERISA
ERISA Plan Fiduciaries Benefit plans must have at least one named fiduciary having control over the plan’s operations. This person or entity is responsible for making decisions about the retirement plan and must put the participants’ interests ahead of their own when...
Untimely Remittance of Employee Benefit Plan Contributions
Understanding what untimely remittances are and how they impact participants helps explain why the Department of Labor (DOL) places emphasis on this topic. Once a plan sponsor establishes a time frame of what it looks like to separate the deferrals from the...