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
Adidas Sued Over Excessive Fees for 401(k) Participants

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.

(b)lines Ask the Experts – Proper Delivery Method for SPDs
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
Yale Sued Over Wellness Program ‘Penalty’

The lawsuit says the so-called “incentive” Yale offers for participating in the wellness program are in fact a “penalty” that violates non-participants’ right, and it notes that the Equal Employment Opportunity Commission (EEOC) withdrew the incentive portions of its wellness program rules.

Employees in Two States Miss Out on One HSA Benefit
Is this impacting health savings account (HSA) participation?
Some Help for Women’s Retirement Savings Gap May Be Coming

Some legislative proposals, such as the SECURE Act, may address challenges to retirement income adequacy women face, but there are also things retirement plan sponsors can do.

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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