Employer Bulletin: Your Plan Administration Resource

Proposed Update to Required Minimum Distribution Rules
Washington Perspective:

Proposed Update to Required Minimum Distribution Rules

On Nov. 7, 2019, the Department of Treasury and the Internal Revenue Service proposed regulations to update the life expectancy and distribution period tables used to calculate required minimum distributions (RMDs) from retirement plans and IRAs.
Update on Streamlined Enrollment Kits

Update on Streamlined Enrollment Kits

We are excited to announce the rollout of streamlined enrollment kits in early December 2019. The kits are being updated to a more concise booklet to ease the plan enrollment process for your employees.
Submit Termination Dates
Reminder:

Submit Termination Dates

When a participant separates from service with your organization and they are receiving their final paperwork from you, it is very important to also update their ICMA-RC account status to “terminated.”
Using Your Plan’s Forfeiture Balance
EZLink Tip of the Month:

Using Your Plan’s Forfeiture Balance

When a participant in a 401 plan has been separated from service for a period of at least five years or withdraws his or her entire account balance, whichever is earlier, any non-vested employer contributions are forfeited by the participant and transferred to the plan-level forfeiture account.
Mark Your Calendar

Mark Your Calendar

Nov. 28, 2019

Thanksgiving Day
ICMA-RC
and the New York Stock Exchange are closed. No transactions, financial or non-financial, will occur on this day. See details.*

Dec. 15, 2019 - March 15, 2020

ICMA-RC Memorial Scholarship Fund Applications Being Accepted
Scholarship applications are accepted from Dec. 15 to March 15. For the application and details about the scholarship fund, please visit www.icmarc.org/scholarship.

Dec. 25, 2019

Christmas Day
ICMA-RC and the New York Stock Exchange are closed. No transactions, financial or non-financial, will occur on this day. See details.*

Jan. 1, 2020

New Year's Day
ICMA-RC and the New York Stock Exchange are closed. No transactions, financial or non-financial, will occur on this day. See details.*

Jan. 20, 2020

Martin Luther King Day
ICMA-RC and the New York Stock Exchange are closed. No transactions, financial or non-financial, will occur on this day. See details.*

Feb. 17, 2020

Presidents' Day
ICMA-RC and the New York Stock Exchange are closed. No transactions, financial or non-financial, will occur on this day. See details.*

Feb. 24 - 29, 2020

America Saves Week
This is an annual opportunity for organizations to promote good savings behavior among their employees. Visit www.americasavesweek.org for more information.