This week’s recommended reading offers a catch-up of some of the latest compliance stories. As the summer nears a close, it is time for everyone to catch up on what they may have missed as they start fall planning and plan benchmarking. This week, the Department of Labor (DOL) released proposed and final rules; and some new guidance and court cases or issues that may have seemed closed, gained new life. Enjoy this week’s PLANSPONSOR Weekend!
In the presence of “a variety of mitigating circumstances,” taxpayers can now qualify for a waiver of the 60-day time limit generally placed on tax-free plan-to-plan or individual retirement account rollovers. Read more >
The case has an extensive procedural history and is one among a handful of lawsuits winning reconsideration after the Supreme Court’s landmark 2014 decision in Fifth-Third Bancorp vs. Dudenhoeffer. Read more >
A survey finds a majority of retirees are using RMDs for ‘guidance’ about how to spend down their assets, but experts say this doesn’t support spending trends in retirement and doesn’t make the best use of their savings.