Explore Our Latest Insights
Discover Expert Perspectives on Employee Benefit Plans
Dive into our curated content that highlights the latest trends and expert analyses in employee benefit plan audits.
Stay informed with insights from industry leaders.
Presidential Memorandum on Fiduciary Duty Rule
On February 3, 2017, President Trump issued an executive order which directs the Department of Labor (“DOL”) to review the Fiduciary Duty Rule, specifically, Term "Fiduciary"; Conflict of Interest...
DOL Releases Consumer Protections for Retirement Investors – FAQS on Your Rights and Financial Advisers
In January 2017, the U.S. Department of Labor, Employee Benefits Security Administration released it CONSUMER PROTECTIONS FOR RETIREMENT INVESTORS – FAQS ON YOUR RIGHTS AND FINANCIAL ADVISERS. Per...
Emerging Issues Task Force Approves Amendments for Benefit Plans’ Investments in Master Trusts
As reported by Thomson Reuters, December 1, 2016, with no debate, a unanimous FASB on November 30, 2016, approved a recommendation from its Emerging Issues Task Force (EITF) to amend U.S. GAAP to...
IRS Announces 2017 Pension Plan Limitations; 401(k) Contribution Limit Remains Unchanged at $18,000 for 2017
The Internal Revenue Service announced on October 27, 2016 cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017. The IRS...
Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Matthew
The Internal Revenue Service announced October 21, 2016 that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Matthew and...
IRS Updates the Employee Plans Compliance Resolution System (“EPCRS”)
IRS Updates the Employee Plans Compliance Resolution System (“EPCRS”) Revenue Procedure 2016-51 modifies and superseded Rev. Proc. 2013-12, 2013-4 I.R.B. 313, which sets forth the Employee Plans...
US Labor Department Announces Two-Month Extension for Public Comments on Form 5500 Modernization Proposals
The U.S. Department of Labor has announced a two-month extension of the comment period on the Form 5500 Modernization Proposals. The department, the Internal Revenue Service and the Pension Benefit...
IRS Permits Defined Benefit Plan Participants to Receive Lump Sum and Annuity under New Rules
As reported in the AICPA Journal of Accountancy, defined benefit plan participants will have greater flexibility in choosing how to receive their pension benefits under final regulations issued by...
Retirement Plans Can Make Loans, Hardship Distributions to Louisiana Flood Victims
The Internal Revenue Service announced on August 30, 2016 that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to Louisiana flood victims and...
You can also check out our latest video content!
