IRS Updates Operational Compliance List for 2020
Tuesday, September, 15, 2020
The IRS recently updated its Operational Compliance List to include 2020 legislation and guidance to help plan sponsors identify changes that may affect their plan’s compliance. The Operational Compliance List (“OC” List) is provided per Rev. Read More
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Lifetime Income Illustrations Issued by DOL
Wednesday, August, 19, 2020
On August 18, 2020,the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) announced an interim final rule that will help workers determine their ability to retire by allowing them to estimate how their current savings in a 401(k)-type plan might translate into lifetime monthly payments. Read More
Proposed Regulations Issued On Extended Rollover Period For Qualified Plan Loan Offset
Wednesday, August, 19, 2020
The IRS has issued proposed regulations related to the extended rollover period for a qualified plan loan offset amount. The details of the proposed regulations, as reported by Checkpoint of Thomson Reuters, is detailed below. Read More
DOL EBSA Issues COVID-19 Guidance and Relief
Friday, June, 26, 2020
The DOL Employee Benefit Plan Security Administration (EBSA) issued Disaster Relief Notice 2020-01; Guidance and Relief for Employee Benefit Plans Due to the COVID-19 (Novel Coronavirus) Outbreak which extends the deadlines for furnishing certain required notices or disclosures to plan participants, beneficiaries, and other persons so that plan fiduciaries and plan sponsors have additional time
- Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases