September 19th, 2017
“In terms of the legislative agenda going forward, there is definitely a discussion of a pivot to tax reform,” said Elisabeth Bell, tax counsel for Senator Ben Cardin; she also warned the potential for health care reform is far from settled.
August 9th, 2017
Groom Law Group attorneys say they have seen an increase in the number of pension plans that have faced possible Office of Foreign Assets Control violations arising from distributions and investments.
July 27th, 2017
The bill creates a new 401(k)-style defined contribution plan with an automatic employer contribution of 4% of the employee’s salary.
May 22nd, 2017
One experienced benefits attorney says he has seen employee stock ownership plans do a whole lot of good for a lot of people during the course of his career—and he wants to see more.
May 19th, 2017
The DOL fiduciary rule, the rollback of an ERISA safe harbor for state-run plans and the new health care law were mentioned by witnesses in a House Subcommittee hearing.
May 17th, 2017
A new bill introduced by Senate Democrats would reestablish an ERISA safe harbor for state- and city-run retirement plans for the private sector—and in a roundabout way the measure is likely to succeed.
May 10th, 2017
The new legislation establishes a legacy fund within the Pension Benefit Guaranty Corporation.
May 9th, 2017
The moves by Congress to deny ERISA safe harbor to state- and city-run plans for private-sector workers won’t have a big effect so long as the fiduciary rule is also overturned, one provider CEO says.
May 5th, 2017
A bill that would repeal much of the Dodd-Frank Wall Street Reform Act and block the DOL fiduciary rule has cleared the House Financial Services Committee.
May 4th, 2017
Many providers have supported the moves by the House and Senate to effectively slow the creation of state- and city-run retirement plans for the private sector, but other parties are severely disappointed by these actions.
April 27th, 2017
The legislation would give workers who leave their jobs up until they file their federal taxes to repay loans they’ve taken out of their DC plans, among other things.
Data and Research
April 27th, 2017
LIMRA finds reactions were “mixed” among small-business owners regarding Connecticut’s forthcoming program offering state-administered retirement planning to private-sector employees.
April 18th, 2017
The Encouraging Employee Ownership Act would increase the cap on the amount of stock closely held companies can award employees before triggering certain SEC reporting requirements.
April 14th, 2017
The president signed a resolution overturning a DOL rule regarding city and municipality retirement plans for private-sector employees.
April 6th, 2017
The bill would amend the nondiscrimination rules that apply to DB plans that have been closed or frozen.
April 4th, 2017
Michael Barry, president of the Plan Advisory Services Group, shares his thoughts about lawmakers’ consideration of making the current pre-tax retirement savings system an after-tax system.
March 30th, 2017
The House of Representatives has already passed similar resolutions.
March 28th, 2017
The IRS is asking for suggestions for a presentation on minimum present value requirements for DB plans.
March 8th, 2017
Those standing in favor of state-based IRA programs include many retirement plan advisers and other service providers.
February 17th, 2017
However, the resolutions must also be passed by the Senate and signed by the president in order to halt the rule.