Compliance

Lawmakers Rethink Changes to Deferred Compensation

Following the earliest stages of debate, both the House and the Senate seem to have backed away from major changes to deferred compensation arrangements, as well as from other retirement-industry focused proposals. 

NQDC, 457 Plans Included Among Senate Tax Reform Targets

Among other changes of note for plan sponsors, the proposal “applies a single aggregate limit to contributions for an employee in a governmental section 457(b) plan and elective deferrals for the same employee under a section 401(k) plan or a 403(b) plan of the same employer.”

Court Supports Waiver of ERISA Statute of Limitations

The 11th Circuit ultimately ruled that it is common sense to conclude that since a litigant can renounce his most basic freedoms under the United States Constitution, he is able to waive the protection of ERISA’s statute of repose.