Compliance | September 27th, 2018 Annuity Selection Safe Harbor Tacked Onto Retirement Bill The House Ways and Means Committee Chairman submitted an amendment to the Family Savings Act.
Compliance | September 24th, 2018 IRS Modifies Safe Harbor Explanations for Rollovers The modifications take into consideration changes related to qualified plan loan offsets and other statutory changes.
Compliance | August 24th, 2018 Will Strong Support for RESA Remain After Mid-Terms? Although Senator Orrin Hatch, champion of the Retirement Enhancement and Savings Act, is retiring in January, there is still much...
Compliance | August 15th, 2018 Pro-ESOP Bill Signed Into Law Among other things, the Main Street Employee Ownership Act focuses on increasing the role of the Small Business Administration (SBA)...
Compliance | July 20th, 2018 R.I. Treasurer to Propose Financial Transparency Legislation for Church Pension Plans General Treasurer Seth Magaziner announced that he will seek legislation in the 2019 General Assembly session that would require pension...
Compliance | July 18th, 2018 Proposed Bill Would Allow Employers to Provide Side-Car Emergency Savings Accounts A package of bills sponsored by four U.S. Senators would also increase access to workplace retirement savings accounts and help...
Compliance | July 11th, 2018 Senators Reintroduce Bill to Address Missing Participants The bill establishes steps retirement plan sponsors can take to avoid violations of RMD and ERISA rules, among other things.
Compliance | June 28th, 2018 R.I. Governor Signs Bill to Facilitate Settlement of Church Plan Suits A newly filed challenge to St. Joseph Health Services of Rhode Island’s retirement plan claims the plan at some point...
Administration | June 25th, 2018 2018 PLANSPONSOR National Conference Coverage A recap of presentations and discussions during the 2018 PLANSPONSOR National Conference.
Compliance | May 29th, 2018 Bill Introduced to Create Retirement Benefit Commission Among other things, the commission would be charged with submitting to Congress recommendations on how to improve or replace existing...
Compliance | May 17th, 2018 Hearing Witnesses Urge Passage of Proposed Retirement Plan Legislation The hearing focused on four bipartisan proposals, and hearing witnesses expressed their support for these proposals, while some also urged...
Compliance | May 11th, 2018 Bill Would Encourage Small Businesses to Create ESOPs The bill would amend Section 7(a) of the Small Business Act, expanding loans to small business employers for the purpose...
Compliance | May 7th, 2018 The Tax Cuts and Jobs Act and NQDC Changes to the treatment of executive compensation and NQDC plans may look unfavorable, but sources say they remain a valuable...
Compliance | May 7th, 2018 A Look to Mid-Term Elections and the Effect on Retirement Plans Attorneys anticipate a big push to get retirement plan-related legislation passed before mid-term elections could have a big impact on...
Compliance | March 26th, 2018 SBCA Finds Potential Problem With Reintroduced RESA Legislation Section 501 of the Retirement Enhancement and Savings Act would give non-spouse beneficiaries five years to take distributions of inherited...
Compliance | February 28th, 2018 W. Va. Bill Would Criminalize Failure to Make Public Pension System Contributions Under the proposed legislation, any employer or public official who willfully fails to make contributions to public pension plans can...
Deals and People | February 26th, 2018 House Members Appointed to Multiemployer Pensions Committee Senator Sherrod Brown (D-Ohio) announced he was named co-chair of the committee; however, there were no press releases at the...
Compliance | February 9th, 2018 Budget Deal Includes Provisions Affecting Retirement Plans Among other things, the bill allows for hardship withdrawals from more contribution types.
Compliance | February 8th, 2018 Budget Bill Would Create Committee for Multiemployer Pension Reform The law would have the committee introduce legislation to address the pension crisis by this December.
Products | January 19th, 2018 Wolters Kluwer Releases Guide About Tax Reform Effects A white paper unpacks aspects of the new law that will affect a wide range of retirement, benefits and payroll...