view in browser | plansponsor.com

May 16th, 2023 Information & Insights for the 403(b) Community University of Vermont Medical Center Plan Sued for ERISA Breaches The university medical center’s retirement plan failed to disclose revenue sharing or float income and caused workers to pay excessive fees, the complaint alleges. EBSA’s Gomez Offers Glimpse of DOL’s Thinking on ESG Rule; SECURE 2.0 Also, with the end of COVID-19 as an official public health emergency, the assistant secretary of labor wants to make sure participants understand the new normal. Ask the Experts How Does SECURE 2.0’s Start-Up Tax Credit Apply to Recently Started Plan? I read your Ask the Experts column regarding the limits when contributions are made by a physician to his/her own private practice, as well as to an unrelated hospital plan. I am a physician in the same situation as the article, with a for-profit private practice and employment at an unrelated hospital. Assuming that this limit remains in place, is the deductibility of employer contribution to my private practice plan affected by this rule as well? Is my ability for my private practice plan to take the start-up tax credit similarly affected? I started my private practice plan in 2021, so I believe I am still within my three-year window to take a start-up credit, if I am reading the Secure Act 2.0 guidance correctly. Retirement, Broad Financial Fallout From COVID Continues A defined contribution industry survey finds lasting financial effects to retirement plan participants. 2023 Recordkeeping Survey Calling All Recordkeeping Firms! Don’t miss your chance to highlight your services for plan sponsors. Complete your entry in the PLANSPONSOR 2023 Recordkeeping Survey by the FINAL deadline, May 23. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850