Articles: 1-10 of 225

San Francisco to Impose Tax on Companies with Disproportionate Executive Pay

USA - November 23 2020 San Francisco voters on November 3 approved Proposition L, which imposes an additional tax on businesses whose highest paid executive makes 100 times…

Latest Volley in ESG Back and Forth: DOL Finalizes New ESG Rule

USA - November 3 2020 There was an important development recently in the US Department of Labor’s (DOL’s) efforts to regulate ERISA plan fiduciaries’ use of environmental…

Before You Ring in the New Year - Defined Benefit Plan Delayed Contributions Due by January 1, 2021

USA - November 3 2020 To alleviate plan sponsor financial burdens during the height of the coronavirus (COVID-19) pandemic, Section 3608 of the CARES Act delayed the due…

Defined Contribution Lifetime Income Illustrations Required After September 18, 2021

USA - September 22 2020 The US Department of Labor (DOL) published in the September 18 Federal Register its Interim Final Rule (Rule) to implement “lifetime income…

IRS Proposed Regulations Regarding Qualified Plan Loan Offsets

USA - August 21 2020 The IRS issued proposed regulations and new Frequently Asked Questions regarding the extension of the normal 60-day rollover period to roll over a…

IRS Issues More Guidance on Required Minimum Distributions

USA - July 2 2020 IRS Notice 2020-51, released last week, provides additional guidance on the waiver in 2020 of required minimum distributions (RMDs) from defined…

New IRS Guidance on Mid-Year Safe Harbor Suspension During COVID-19

USA - July 1 2020 IRS Notice 2020-52 provides welcome relief to plan sponsors considering suspending safe harbor matching contributions or safe harbor nonelective…

IRS Guidance Permits Certain Individuals Affected by COVID-19 to Cancel NQDC Plan Deferral Elections

USA - June 30 2020 Under IRS Notice 2020-50, employers sponsoring nonqualified deferred compensation plans (NQCD plans) may now allow employees to suspend their…

Information Requested on Pooled Employer Plan Prohibited Transaction Issues: Act Quickly to Help Shape Exemptive Relief

USA - June 24 2020 The US Department of Labor (DOL) published a Request for Information (RFI) on June 18 in the Federal Register on the subject of pooled employer plans…

Employers May Continue to Defer Payroll Taxes Even After Paycheck Protection Loan Forgiveness

USA - June 10 2020 US President Donald Trump signed the Paycheck Protection Program Flexibility Act of 2020 (the Act) on June 5, modifying certain provisions related to…