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Archive by tag: Verrill Dana LLPReturn

403(b) Plans Must Comply with the “Once In, Always In” Rule This Year

Tax-exempt employers whose 403(b) plans have failed to comply with the “once in, always in” eligibility rule in the past should be well on their way to compliance by now. IRS Notice 2018-95 granted limited relief from this common administrative...By: Verrill Dana LLP
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Verrill Dana LLP | Jul 30,2019 |

Plan Sponsors: You Should Have a Model QDRO

ERISA Section 206(d)(3)(G)(ii) requires sponsors of qualified retirement plans to maintain written procedures for the administration of qualified domestic relations orders (“QDROs”), and the Plan Administrator has an obligation to ensure that a...By: Verrill Dana LLP
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Verrill Dana LLP | Jul 15,2019 |

Compromise Reached in Maine Workers’ Compensation Reform 

Governor Mills has signed into law amendments to the existing Workers’ Compensation Act that are the product of a bipartisan effort to avoid a series of proposed legislation that would have had the very real risk of dragging Maine back to pre-1992...By: Verrill Dana LLP
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Verrill Dana LLP | Jun 25,2019 |