PLANSPONSOR Weekend Newsdash
Week ending June 7th, 2019
Happy Friday, PLANSPONSOR readers! This week we’ll be highlighting compliance news. Learn what ERISA Litigator Jerry Schlichter had to say about retirement plan investment and recordkeeping fees in a new interview with PLANSPONSOR. Next, the IRS recently issued Revenue Procedure 2019-25, and announced its 2020 health savings account (HSA) contribution limits. The Department of Labor (DOL) received letters from eight organizations asking to propose regulations that would permit plan sponsors to make electronic delivery the default method of delivery for retirement plan disclosures and notices, and the Securities and Exchange Commission (SEC) announced two new initiatives for teachers and military personnel. Additionally, read what attorneys said about the Setting Every Community Up for Retirement Enhancement (SECURE) Act and other regulation trends during our Washington Update session at this year’s PLANSPONSOR National Conference (PSNC), held this past week in Washington, D.C. All this news and more, on this edition of PLANSPONSOR Weekend. 


Editor's choice
Compliance
An ERISA Litigation Conversation with Jerry Schlichter
Retirement plan investment and recordkeeping fees have fallen in the last 10 years, but ERISA litigator Jerry Schlichter says there is more room for improvement.Read more >
Compliance
IRS Announces 2020 HSA Contribution Limits
The limits will increase $50 for an individual with self-only coverage and $100 for an individual with family coverage in 2020.Read more >
Compliance
DOL Asked to Make Electronic Delivery of Retirement Plan Disclosures the Default
Eight organizations associated with defined contribution (DC) plans submitted a letter to the Employee Benefits Security Administration of the Department of Labor (DOL) asking it to propose regulations that would permit plan sponsors to make electronic delivery the default method of delivery for retirement plan disclosures and notices.Read more >
Compliance
SEC Expanding Financial Education for Teachers, Military Personnel
The initiatives build on the Securities and Exchange Commission’s (SEC’s) past efforts and focus additional enforcement and investor education on these groups.Read more >
Compliance
PSNC 2019: Washington Update
Attorneys discuss provisions of the widely supported SECURE Act, plus hot topics in regulation.Read more >
MOST POPULAR STORIES
CARES Act Passes Congress, Including Retirement Plan Relief

Plan sponsors who have faced regional natural disasters will be familiar with many of the relief provisions adopted by Congress, from the suspension of required minimum distributions to the doubling of loan limits.

Retirement Plan Provisions Included in Senate’s Stimulus Package

Among other things, the bill would allow for targeted, penalty-free access to tax-qualified accounts for those hit hardest by the health crisis.

Plan Sponsors Facing Difficult Decisions During Coronavirus Pandemic

Stopping employer matching contributions, laying off employees, adjusting DB plan contributions; plan sponsors need to understand the effects of each decision.

Coronavirus-Related Distributions From 403(b) and Governmental 457(b) Plans

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.

Tax Filing Relief Adds Time to Contribute to Benefit Plans

Individuals have more time to contribute to IRAs and HSAs, and employers have more time to contribute to their retirement plans.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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