On September 23, 2019, the IRS published final regulations for hardship distributions for both 401(k) and 403(b) plans. The new rules relax existing restrictions on taking hardship distributions from defined contribution plans. The Final Regulations make the following mandatory and optional changes to the hardship distribution requirements. Mandatory Changes Elimination of the Six Month Contribution Suspension […]
Over the next ten years, there is projected to be over 1,000,000 job vacancies that need to be filled in Indiana. Currently, it is estimated that there are over 85,000 jobs unfilled in Indiana due to a shortage of skilled workers. Does your organization have positions unfilled with very little to no prospects in sight? […]
The federal government decided to give a Christmas present this year to tax-exempt organizations, just 2 years after the government decided to leave them with a lump of coal in their stocking. The tax on Qualified Transportation Fringe Benefits (or employee parking) has been officially repealed. On December 20, 2019, Further Consolidated Appropriation Act of […]