May 2018
 
Industry and Legislative Update Issue
Important Deadlines
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Form 5500, Employer Contribution Deposit, ADP/ACP Excess, 402(g) Limit Corrections...   Read More
Hardship Distributions 
 
Changes to Hardship Distribution Rules - Juhl Stoesz

Starting in 2019, several rules applicable to hardship distributions from retirement plans will be simplified and expanded. These changes were previously considered during the 2017 tax reform debate, but were not ultimately.........Read More

Hardship Casualty Loss Requirements - Lisa Melberg

The 2018 Tax Cuts and Jobs Act also had an effect on retirement plans that permit hardship distributions; the ability to take a hardship distribution if your principal residence incurred damage that........Read More
Department of Labor Disability Claims Regulations - Juhl Stoesz


On April 1, 2018, new U.S. Department of Labor regulations regarding disability claims took effect. While the regulations primarily impact group health and welfare plans, they also apply to........Read More
 
Loan Repayments  - Lisa Melberg
  
If you are a terminating participant with a loan balance, or if you are a participant with a loan balance whose plan is terminating, it may be time to breathe a sigh of relief........Read More
EPCRS Voluntary Correction Program Fees - Lisa Melberg

In a surprising announcement on January 4, 2018, the IRS revised the fees to file through the Employee Plans Compliance Resolution Program (EPCRS). To utilize their Voluntary Correction Program (VCP), the fees were retroactively increased effective ... Read more
  
Document Restatements 403(b) and Defined Benefit Plans - Andrea Gelhar

Laws governing retirement plans are continually changing. To incorporate new legislation into plan documents, the Internal Revenue Service (IRS) uses a recurring six-year cycle process for qualified plan restatements. As the word "restatement" implies, the new document presents the...... Read More
TSC Employee Bio   
    
Meet the newest TSC Team Members

Kyra Benson

I grew up in Champlin, MN but now live in Northeast Minneapolis. Concordia College is a small liberal arts college that loves their Norwegian heritage. (Lefse was a staple at the dining center in the winter months but fortunately lutefisk was not!) I graduated with a degree in Psychology which is something I use every day in one way or another. Before working at TSC, I was an administrative assistant .....Read More

Luke Von Busch

I was born & raised in Minnesota and spent most of my childhood living in the western suburbs of Minneapolis, near Lake Minnetonka. Growing up in Minnesota I enjoyed hunting and fishing with my Dad, while also playing every team sport I could join. In August of 2004 my family moved to La Quinta, California where I finished 8th grade and began my high school career. I graduated high school in the spring of 2009 within the top 100 of my class, and proceeded to gain my bachelor's degree in Political Science from San Diego State University. Following graduation, I decided to leave Southern California and return to Minnesota in order to be closer to my family and begin a new life in the mid-west........Read More
Featured Client
 
Martha O'Hara's Interiors  

Martha O'Hara Interiors is a luxury interior design firm that works with homeowners, architects, and builders across the U.S. to design beautiful spaces with the goal of connecting life and style. Whether you are building a new home or updating your furniture, we offer functionality, style, and value. Our award-winning designers love to work in a variety of styles and range of aesthetics to create interiors that allow you to be yourself, freely and comfortably. With locations in Minnesota and Texas, we work with homeowners and building professionals from coast to coast.
 
Most people are surprised by our scope of services because........    Read More
TSC Translator Contributing Staff Members
Jennifer Arntson-Schwientek
Client Relationship Manager
Karen Thompson
Retirement Plan Administrator Manager
Becky Fisher
Retirement Plan Administrator
 
  Holly Dayton
Plan Document and Compliance Technician
 
Andrea Gelhar
Plan Document and Compliance Specialist
Juhl Stoesz
Vice President of Compliance and General Counsel
Dennis Culhane
Retirement Plan Administrator
Paul Erickson
Retirement Plan Administrator Manager  
Dean Schwientek
Director of IT Operations
 Mike Gschwind
Internal Sales Consultant
  Lisa Melberg
Plan Document and Compliance Specialist  
 
Matt Slyter
Vice President Operations
 

Articles included in the TSC Translator are intended to provide general information about retirement plan developments and issues. The information provided should not be construed as legal or tax advice or opinion. Readers need to discuss specific factual situations confronting them with their retirement plan service providers and/or legal and tax advisors.

This email was sent by: TSC, Inc. 7300 Metro Blvd. Suite 450 Edina, MN 55439 
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