Viewpoints by Tami Guimelli, at John Hancock Retirement
Tami D. Guimelli is an assistant vice president and associate chief counsel for John Hancock. She has extensive experience with qualified and nonqualified retirement plans, plan design and qualification issues, plan mergers and terminations, ERISA and IRS reporting, and disclosure requirements. In addition, Tami participates in product development and company initiatives, develops and implements ERISA strategies, and serves as a technical resource for the organization. She joined John Hancock in 1995, and has 30 years’ experience in the employee benefits industry. Tami earned a B.A. in English from Bates College and a J.D. from Suffolk University Law School. She’s a member of the American Bar Association and the Massachusetts Bar Association. Outside of work, Tami enjoys hiking, biking, and touring vineyards and baseball stadiums.
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The RMD evolution: understanding the 2024 required minimum distribution regulations
The IRS’s final 2024 RMD regulations are out. Get a quick summary from our ERISA specialists.
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SECURE 2.0 checklist—a simple way to help you keep your plan compliant
Having a SECURE 2.0 retirement plan checklist can help plan sponsors stay organized and track compliance. Use our sample as a guide to help you create yours.
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Long-term, part-time employees: Guidance has finally arrived
The long-term, part-time (LTPT) employee rules were amended under the SECURE 2.0 Act. We’ll clarify what this means for plan sponsors, service providers, and financial professionals.
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What the annual 2024 IRS limits mean for your retirement plan
See how much the IRS says you can contribute to retirement plans in 2024.
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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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IRS contribution limits for 2023—helping you save more in your 401(k)
These days, inflation is probably a consideration when trying to anticipate your income needs in retirement. Fortunately, you’ll be able to save more in your retirement accounts in 2023 than ever before, helping you meet your retirement savings goals.
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When are participant change notices required under ERISA 404a-5?
Being a plan sponsor comes with administrative and fiduciary duties. Knowing whether a retirement plan event triggers the need to send a change notice or not is one of those confusing areas that can require guidance. This guide can help you understand your requirements beyond the annual and quarterly notices.
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Is there relief from partial 401(k) plan termination during the pandemic?
Many businesses have been forced to make some tough decisions because of the pandemic—including laying off or letting go of staff. Normally, if a company lets go of a certain percentage of its active 401(k) participants in a plan year, the IRS can declare its 401(k) plan partially terminated, which triggers full vesting. But because of the COVID-19 relief package passed in December 2020, companies hurt by the economic slowdown may be able to avoid partial termination—if they meet certain requirements.
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Interim final rule on the SECURE Act’s lifetime income illustrations for defined contribution plans
The DOL has issued new lifetime income disclosure rules for defined contribution plans.
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A closer look at the DOL’s safe harbor eDelivery rule
The U.S. Department of Labor has provided final rules for eDelivery that ERISA plan sponsors should follow.
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