Viewpoints by Claire M. Holland, ESQ., at John Hancock Retirement
Claire is an ERISA attorney in John Hancock’s benefits consulting group. In this position, she works to keep qualified and nonqualified retirement plans tax compliant from both a document and administrative standpoint. Among her specific duties, Claire advises plans on self-correction of operational and document failures, provides guidance on benefit matters associated with mergers and acquisitions, and serves as a technical expert within John Hancock and for its clients. On the regulatory front, she prepares and negotiates voluntary correction program and determination letter filings and assists clients with IRS and U.S. Department of Labor plan audits. Claire began her ERISA career in 1980 as a paralegal and became an attorney in 1986. She practiced at Goodwin Procter LLP before joining John Hancock in 2008. Claire earned a B.S. in History from the University of Oregon and her J.D. cum laude from Suffolk University Law School.
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IRS delays SECURE 2.0 Roth catch-up rules for two years
The IRS has delayed the required implementation of the SECURE 2.0 requirement that catch-up contributions be made on a Roth basis for participants whose FICA wages for the prior year exceeded $145,000.
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IRS issues guidance on SECURE 2.0 EPCRS self-correction program expansion
The IRS has expanded the list of plan errors that qualify for its EPCRS self-correction program, as directed by the SECURE 2.0 Act. Find out what they are.
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What’s in SECURE 2.0 for defined benefit plans?
Despite the popularity of defined contribution (DC) plans, many employers, especially government agencies, still offer defined benefit (DB) plans. Learn about the DB provisions Congress included in SECURE 2.0.
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IRS relaxes rules for obtaining spousal consent for 2020
IRS Notice 2020-42 creates a remote notarization process for retirement plan transactions that require spousal consent. This helps solve problems related to social distancing and COVID-19.
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