Compliance Duties and Litigation Risks in 2021
Attorneys review what regulations plan sponsors must adhere to and legal decisions to keep in mind for the new year.
Tag: SECURE Act
The Mechanics of Moving to a PEP
With a lack of regulatory guidance, plan sponsors can rely on certain existing rules to know the steps to take...
Retirement Plan Experts Applaud Raising RMD
They say it will give retirement plan participants a longer window in which to increase their savings, tax deferred.
Congress Urged to Make Retirement Reform a Legislative Priority in 2021
Speakers at a Senate Finance Committee hearing called on legislators to create pathways for employers to support retirement savers with...
IRS Issues Guidance on Auto-Enrollment Cap and Safe Harbor Notice Requirements
The guidance is intended to help employers that sponsor safe harbor plans comply with provisions of the SECURE Act.
IRS Publishes 2020 Required Amendments List
There are no changes in requirements that generally require an amendment, but there are two changes that may require one.
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Principal to Launch PEP, Says More to Come
The firm is targeting its pooled employer plan at startups and companies with up to $10 million in retirement plan...
PEPs Carry Evolving Fiduciary Risks of Their Own
The legal complexities that emerge when a single employer operates a retirement plan for its own staff are already immense;...
Best of PSNC 2020: Legislative and Regulatory Update
Speakers discussed the SECURE Act, the CARES Act and the DOL’s guidance on ESG during the first day of the...
Emphasizing Retirement Savings for Young Part-Time Workers
Part-time employees that will be entering retirement plans under SECURE Act provisions might not have had any experience in saving...
House Committee Introduces ‘Securing a Strong Retirement Act of 2020’
The legislation proposes expanding automatic enrollment in retirement plans, and expanding retirement savings options for nonprofit employees, among other things.
Weaving Part-Time Employee Inclusion Into Retirement Plan Processes
The SECURE Act’s requirement to let part-time employees join 401(k)s demands a process for counting hours and creates opportunities to...
How Will the PEP Market Develop in Early 2021?
One provider getting ready to launch a SECURE Act-enabled pooled employer plan on January 1 expects plan sponsor take-up to...
Citing SECURE Act, More Advisers to Consider Adopting In-Plan Guarantees
For their part, participants say they feel the pandemic has make their retirement savings more vulnerable.
Some View EBSA Income Projections as Too ‘Prescriptive’
Recordkeepers and asset managers want more flexibility in terms of how their clients generate newly mandated lifetime income projections on...
PSNC 2020: Creating Income Streams for Participants
Panelists reviewed different lifetime income stream selections and important disclosures to note under the SECURE Act.
PSNC 2020: Preston Rutledge’s Inside View of the DOL
As the nation’s top retirement and health plan regulator, Preston Rutledge oversaw an agency of more than 800 employee benefits...
PSNC 2020: Legislative and Regulatory Update Part II
Experts explained regulations and legislation from Washington, D.C., as well as what employers can do if they ever face ERISA...
PSNC 2020: What’s Next?
This year’s conference opened with a lively discussion about the changes plan sponsors are experiencing, the new issues to which...
IRS Clarifies SECURE Act Birth and Adoption Distribution Rules
Qualified birth or adoption distributions have been permissible since January under the SECURE Act, but more specific guidance on how...