Beth Logan

Ask Nyhart articles written by Beth:

• Locating Missing Participants and Beneficiaries

  As a part of a plan sponsor’s or administrator’s fiduciary duties, ERISA requires that a reasonable effort is made to locate any missing participants or beneficiaries in order to pay [...]

• IRS Finds Errors on W-2 Reporting

  The Employee Plans Compliance Unit (“EPCU”) of the IRS recently sampled W-2 filings that had been provided by employers.  As a result of this sampling, the IRS has determined that [...]

• Will a default on a 401(k) loan affect a participant’s credit?

  Defaulting on a plan loan does not affect your credit.  However, a defaulted loan balance does become taxable income to you. Generally, a plan loan is considered in default at [...]

• What must be included in the annual disclosure under the ERISA §404(a)(5) Regulations?

  The annual disclosures are required to give information regarding the plan and the designated investment alternatives.  The categories of items that must be included in the annual disclosures are: General [...]

• What must be included in the quarterly disclosure under ERISA §404(a)(5) Regulations?

  The following items must be disclosed to participants as part of the quarterly disclosures: The dollar amount of the fees or expenses for general plan administrative services that were actually [...]