Compliance | June 2nd, 2023 Churchill Holdings ESOP Participants Sue The lawsuit plaintiffs are ESOP participants holding vested shares of Churchill stock in their accounts who were employed at Churchill...
Compliance | June 1st, 2023 IRS Issues Interim EPCRS Correction Guidance Under SECURE 2.0 Plan sponsors can make additional corrections via SCP, rather than VCP, while a “reasonable amount of time” to discover an...
Compliance | May 30th, 2023 Debt Ceiling Proposal Expected to Pass House The agreement would extend the debt ceiling until January 2025.
Compliance | May 17th, 2023 IRS Raises HSA Contribution Limits for 2024 Due to High Inflation The IRS announced a second consecutive significant increase to health savings account contribution limits in its response to continued inflation.
Compliance | May 17th, 2023 NAGDCA Asks for More Time on Roth Catch-Ups, Again Government plans will struggle to comply with SECURE 2.0 because of their administration requirements.
Administration | March 30th, 2023 Comment Period Ends for IRS Proposal on Remote Notarization Thursday was the final day to submit comments on the December 2022 IRS proposal to allow remote notarization for many...
Compliance | February 16th, 2023 Lawsuit Accuses Conagra of Shirking Pension Benefits An ERISA complaint against the Conagra pension plan claims the fiduciary and plan administrator are ignoring distribution rules laid out...
Compliance | February 13th, 2023 DOL Seeks More Comments on Correction Program The Department of Labor extended to mid-April the deadline for public comments on amendments to the Voluntary Fiduciary Correction Program...
Compliance | January 25th, 2023 SECURE 2.0 Accidentally Dropped Catch-Ups, But Industry is On the Case Legislators seem to have dropped a section from the final version of SECURE 2.0 that nullifies catch-up contributions in retirement...
Compliance | January 6th, 2023 IRS Proposes Accepting Remote Notarization on Permanent Basis The rule would codify relief from ‘physical presence’ rules for retirement plan elections that was first granted during the height...
Compliance | January 5th, 2023 ESOP Plan Faces Retirement Records Lawsuit When a former worker at medical technology company BD sought distribution of his vested and accrued retirement assets, the firm...
Compliance | December 13th, 2022 2023 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan
Compliance | November 8th, 2022 403(b) Plans May Apply for IRS Determination Letters Starting Next June The IRS will provide determination and termination letters to 403(b) plans beginning next June.
Compliance | November 1st, 2022 CEO Pleads Guilty to Fraud, Failing to Pay 401(k) Contributions Maddox Group’s Adam Belardino faces up to 45 years in prison for wire fraud and making false statements to the...
Compliance | October 21st, 2022 IRS Releases 2023 Plan Limits The contribution limit adjustments reflect cost of living changes from this year.
Benefits | October 12th, 2022 Aon PEP Passes Assets Milestone Aon has accumulated $1billion in plan assets and commitments since it launched the pooled employer plan.
Compliance | October 10th, 2022 IRS Issues Update on 10-Year RMD Rule The updated guidance waives the excise tax for those who failed to take a required minimum distribution in 2021 and...
Compliance | September 29th, 2022 Plan Amendment Deadlines Extended for 2 Provisions The IRS is extending deadlines for amending plans for certain provisions of the CARES Act and the Taxpayer Certainty and...
Data and Research | September 13th, 2022 Focused Retirement Savers Are Not Dispirited by Inflation A Principal survey of “super savers” shows that a majority have been saving more over the past two years than...
Compliance | August 18th, 2022 In Private Letter Ruling, IRS Permits DB-to-DC Asset Transfer The ruling only applies to the case at hand, but there are still lessons to be learned from an employer’s...