PANC 2020: Washington Update
Retirement plan advisers were given ideas to consider and actions to take in response to new legislation, regulation and litigation.
Tag: retirement plan legislation
IRS Provides New Model Rollover Notices
The model notices have been updated to reflect changes made by the SECURE Act.
IRS Updates Operational Compliance List With 2020 Items
The list, updated with provisions of the SECURE Act, identifies matters that may involve either mandatory or discretionary plan amendments depending on the particular plan.
IRS Answers Questions About CARES Act Provisions
The agency says future guidance will be like that under the Katrina Emergency Tax Relief Act of 2005 (KETRA) to the extent the provisions of Section 2202 of...
Bill Calls for Temporary Increase in DC Plan Contribution Limits
A bill introduced in the House of Representatives would increase 415 annual addition and 402(g) elective deferral limits for the 2020 calendar year.
Congress Passes $2 Trillion Coronavirus Stimulus Package
Retirement plan professionals who have navigated a severe natural disaster in their region will recognize many of the retirement plan-focused relief provisions to be implemented by Congress.
Stimulus Package Allows Early Withdrawals, Deferred RMDs and More
The retirement plan-focused provisions passed by the Senate last night are among many meant to ease the financial pressures posed by the coronavirus pandemic.
Retirees and Investors Watch for Congressional Coronavirus Action
Recordkeepers expect the volume of loans, hardships and withdrawals will increase in coming weeks and months.
The Democratic Candidates’ Retirement Proposals
A national automatic savings plan wouldn’t create much competition, but changing taxation for nonqualified plans would be a big disruption.
Attorneys Say Guaranteed Income Safe Harbor Clearer Than Previous Guidance
Advisers will play an important role in helping plan sponsors perform their due diligence and helping participants accept annuities.
Washington Update: Industry Turns Attention to Portman-Cardin Bill
The president’s budget proposal may be short on retirement reforms, but members of Congress are already looking beyond the SECURE...
More Guidance to Come About SECURE Act Provisions
Bradford P. Campbell, with Drinker Biddle, recently discussed specific requirements for open MEPs, now called pooled employer plans (PEPs), included in the SECURE Act.
What to Know and Do Now About the SECURE Act
The majority of the law’s provisions are effective for plan years beginning after 12/31/2019, so preparations should already be underway.
The SECURE Act Discussion Moves Into 2020
Past news coverage reveals some of what's ahead for the retirement plan industry now that the SECURE Act has been passed.
Congress Has Passed the SECURE Act
The Senate voted Thursday to approve appropriations legislation that has subsumed the SECURE Act, after the House approved the same measure on Tuesday.
Congress Finds Resolution to SECURE Act Deadlock in Spending Bill Passed By House
Retirement plan industry stakeholders had hoped the popular and bipartisan SECURE Act would be tied into must-pass spending legislation before year’s end, and that now appears to be...
Senator Introduces Bill to Encourage Faster Student Debt Payoff
HELPER Act would allow Americans to annually take up to $5,250 from a 401(k), 403(b), 457 plan or IRA—tax and penalty free—to pay for college or pay back...
Supreme Court Will Not Review Case Regarding Group Annuity in Retirement Plan
The high court's decision lets stand a ruling that Great-West, as a non-fiduciary party in interest was not liable for alleged ERISA violations.
Corporate America Pushes for SECURE Act Passage
It’s not just the financial services industry pushing for passage of the Setting Every Community Up for Retirement Enhancement Act; chambers of commerce, consumer advocacy groups and major...
Will GOP Senators’ Letter Win Floor Time for Popular SECURE Act?
An open letter penned by a team of senior Republican Senators calls on Senate Majority Leader Mitch McConnell to bring the bipartisan SECURE Act over the legislative finish...