BCG Blog

Benefit Consultants Group
As the coronavirus (COVID-19) increases its impact on our communities, we want to keep you updated on the steps we’re taking to protect the health and well-being of our employees while continuing to provide exceptional service to our partners as our top priorities.
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During her employment, Ms. Rizo participated in two company sponsored retirement plans subject to ERISA. Both plans’ summary plan descriptions provided very specific instructions as to how a participant designates a beneficiary. Ruiz v. Publix Super Markets
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Over the past several years, a technique for financing new business ventures using funds from an IRA or qualified plan has gained increasing popularity. The IRS has cautioned against the pitfalls of using a plan or IRA in this fashion.
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Most employees know they can defer paying income tax on money they save for retirement in a traditional 401(k) or individual retirement account until they withdraw the money from the account.
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Because of changes in philosophies regarding factors contributing to long-term shareholder value, and an overly strict interpretation of past guidance, DOL withdrew some of that guidance and restated its position on these issues.
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