Craig P. Hoffman

SECURE Retirement Legislation on Hold in the Senate

CRAIG P. HOFFMAN, August, 2019    Congress will soon be returning to Washington from its summer recess. The question for those interested in retirement policy is whether pension reform will finally move forward this year. The answer will depend on whether several key senators agree to lift the “holds” they have placed on the legislation. […]

401(k) Student Loan Matching Programs — Private Letter Ruling 2018-33012

CRAIG P. HOFFMAN, June, 2019    Much has been written about the impact student loan debt is having on the American economy. According to the Wall Street Journal, student loan debt is currently in excess of $1.5 trillion, the average debt is $34,000 per person, two million loans have defaulted over the last six years […]

IRS Makes Significant Improvements to EPCRS in Rev. Proc. 2019-19

CRAIG P. HOFFMAN, April, 2019    Effective April 19, 2019, new rules under the Employee Plans Compliance Resolution System (EPCRS) will greatly expand the types of disqualifying defects that may be corrected under the Self-Correction Program (SCP). SCP is a component of EPCRS under which certain types of disqualifying defects may be corrected without the […]