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week ending December 6th, 2019
There are a number of compliance deadlines for retirement plan sponsors at the end of the year. Looking ahead, the IRS has revealed the Required Amendments List for 2019. The Department of Labor’s Employee Benefit Security Administration is diligent in its enforcement efforts, but plan sponsors can also turn to it for help and guidance. And, it’s not just multinational employers that need to understand and potentially comply with the European Union’s strict data privacy laws. All this and more in this edition of PLANSPONSOR Weekend!
Editor's Choice
Compliance
2019 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
Compliance
2019 Required Amendments List Published by IRS
Covered in this year’s required amendments list are new hardship withdrawal rules and a new regulation impacting certain cash balance pension plans.
Compliance
DOL Enforcement Efforts Are Wide-Ranging
While the DOL’s Employee Benefit Security Administration is diligent in protecting employees’ benefits, plan sponsors can also turn to it for help and guidance.
Compliance
Information Copies of 2019 Form 5500 Published by DOL
Among other notable changes, the Form 5500’s Line 23 has been revised to eliminate mortality table options that are not available after 2018.
Compliance
What U.S. Retirement Plans Should Know About GDPR
It’s not just multinational employers that need to understand and potentially comply with the European Union’s strict data privacy laws.
Popular Reads
2021 Health Savings Account Survey
Data and Research
Health Care Costs in Retirement Remain a Top Stressor
Fidelity’s latest analysis shows people often underestimate the potential cost of health care in retirement, even after two decades of watching health care costs increase year-over-year.
2020 Recordkeeping Survey
Compliance
SECURE Act 2.0 Passed Unanimously by Ways and Means Committee
A rare unanimous affirmative voice vote by the Ways and Means Committee allows the SECURE Act 2.0 to be considered by the full House of Representatives.
Compliance
403(b) Plan Sponsor Sued Over Excessive Fees and Underperforming Investments
The lawsuit calls out the use of the active suite of the Fidelity Freedom target-date funds, among other things.
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