PLANSPONSOR Weekend Newsdash
Week ending May 3rd, 2019
2019 is poised to be a big year for new retirement plan legislation and regulations. Already the IRS has simplified correction procedures for plan sponsors and expanded its determination letter program. Attorneys expect passage of the SECURE Act and final regulations on hardship withdrawals. Senators have introduced legislation to further association health plans after a court struck down Department of Labor (DOL) regulations. And, of course, court cases always inform plan sponsors of new trends and processes. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Compliance
IRS Announces Important Changes to Correction Programs
An IRS Revenue Procedure expands self-correction methods for certain retirement plan document and retirement plan loan failures and provides a new method of correction by plan amendment.Read more >
Compliance
IRS Expands Determination Letter Program for Individually Designed Plans
The agency will accept determination letter applications for hybrid plans for a certain period and for merged plans on an ongoing basis.Read more >
Compliance
Laws and Regulations That Do or Will Affect Retirement Plans
Plan sponsors can look for new legislation and regulations that will have big effects on retirement plans this year, and state legislation could add some confusion.Read more >
Compliance
Senators Introduce Legislation to Further AHPs
Last June, the Department of Labor (DOL) finalized regulations to expand the opportunity to offer employment-based health insurance to small businesses through Association Health Plans (AHPs), but a district court struck them down.Read more >
Compliance
Current Legislation Missing the Mark on Annuity Safe Harbor
Speakers at a Brookings Institution event agreed that a financial strength criterion asking how sound is an annuity carrier should be a critical part in any annuity selection safe harbor for defined contribution (DC) plan sponsors.Read more >
MOST POPULAR STORIES
2021 Health Savings Account Survey
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
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.

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.

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

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