by David Torrillo | Mar 27, 2020 | Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
The Coronavirus Aid, Relief and Economic Security Act (CARES ACT, H.R. 748) has been signed into law. It provides economic relief to individuals, businesses, hospitals and other entities. While plan sponsors should consider consulting ERISA counsel or their...
by David Torrillo | Mar 26, 2020 | Employee Benefit Plans, Forms and Procedures, News and Press Releases
The Securities and Exchange Commission (SEC) announced that it is extending the filing periods covered by its previously enacted conditional reporting relief for certain public registrant filing obligations under the federal securities laws, including plans that file...
by David Torrillo | Mar 24, 2020 | Employee Benefit Plans, News and Press Releases, Retirement - 401(k), 403(b)
As noted in the AICPA’s Center for Plan English Accounting, Consequences of COVID-19 Financial Reporting Considerations, the coronavirus pandemic (COVID-19) is a human tragedy. We all hope that the effects will be behind us soon, but the disruption and impact is...
by David Torrillo | Feb 28, 2020 | Employee Benefit Plans, Forms and Procedures, News and Press Releases, Retirement - 401(k), 403(b)
As detailed in an article by Nick Thornton of BenefitsPro, in February 2020, the Supreme Court ruled unanimously against the fiduciaries of two Intel Corp. defined contribution plans. At issue before the court in Intel Corp. Investment Policy Committee v. Sulyma was a...
by David Torrillo | Dec 20, 2019 | Employee Benefit Plans, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
As expected, The Setting Every Community up for Retirement Enhancement Act of 2019 (the SECURE Act) was passed by Congress. It is expected to be signed into law. The SECURE Act is the most significant retirement plan legislation in the past decade. Provisions of the...
by David Torrillo | Dec 11, 2019 | Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates
In Notice 2019-67, the IRS has provided updated mortality improvement rates and static mortality tables to be used for defined benefit pension plans. These updated mortality improvement rates and static tables, which are being issued pursuant to the regulations under...
