Jennifer Weikel

Ask Nyhart articles written by Jennifer:

• What is the “IRS Correction Program” and how can I benefit from it?

  The Internal Revenue Service (IRS) offers the Employee Plans Compliance Resolution System (EPCRS) so that sponsors of retirement plans may maintain the qualified status of their plan. The EPCRS has [...]

• I deposited deferrals to the 401(k) plan late, what now?

  Failure to transmit deferrals to the trust within a certain period of time will result in the deposit of deferrals being considered “late”.  The Department of Labor (DOL) requires that [...]

• Failure to Satisfy Fiduciary Duty Results in Damage and Fee Award

  In the case of Kujanek v. Houston Poly Bag, Houston Poly Bag I, Ltd. (“Poly Bag”) was determined to have failed to provide a participant with a copy of the [...]

• What is a QDRO (qualified domestic relation order)?

  A domestic relations order (DRO) is a court order dividing a retirement benefit as a result of a divorce.  The Internal Revenue Code and ERISA have specific requirements that a [...]

• Can you add a lump sum feature to a defined benefit plan?

  Yes, you can add various optional forms of benefit to your plan.  However, once you have added a form of benefit, that form of benefit can only be removed if [...]