Articles: 1-10 of 254

Temporary Enforcement Policy and Guidance on ERISA Disclosure Requirements for Group Health Plan Services

USA - January 4 2022 The Department of Labor (Department) issued Field Assistance Bulletin No. 2021-03 (FAB) on December 30, 2021, announcing a temporary enforcement…

Department of Labor Waves Caution Flag for 401(k) Private Equity Investing

USA - January 4 2022 The Department of Labor (DOL) delivered a surprise holiday gift on December 21, 2021 to fiduciaries of participant-directed 401(k) plans subject to…

VAPPs in Vogue: Increased Flexibility Breathes Life into a Longstanding Multiemployer Pension Plan Design

USA - December 7 2021 Although variable annuity pension plan (VAPP) designs have been permissible for decades, they have not yet seen widespread adoption—particularly in…

EBSA Enforcement Statistics for FY 2021: Growing Focus on Service Providers, Health & Welfare Plans

USA - December 3 2021 At the end of each fiscal year, the US Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) compiles the monetary results…

Qualified Retirement Plan Sponsors: Don't Forget About Summary Plan Descriptions

USA - November 30 2021 While considering year-end tasks and planning for the upcoming year, qualified plan sponsors should think about whether they need to revise and/or…

New York Joins Growing Number of States Enacting Auto-IRA Laws

USA - November 29 2021 New York Governor Kathy Hochul enacted an auto-IRA law, effective October 21, which requires certain New York employers to either offer their…

IRS Guidance Clarifies Pandemic Rehiring Need Not Always Affect Retirement Benefits

USA - November 23 2021 The IRS recently issued FAQs to address workforce issues and labor shortages resulting from the COVID-19 pandemic. The guidance seems to be in…

It’s (Really) Infrastructure Week

USA - November 18 2021 President Joseph Biden signed the Infrastructure Investment and JOBS Act (IIJA) into law on November 15, 2021. The IIJA will provide funding to…

Reminder: No Need to Adopt Retirement Plans, ESOPs included, by End of 2021 for Tax Deduction Purposes

USA - November 16 2021 Before 2020, the IRS had long taken the position that an employee stock ownership plan (ESOP), and any other retirement plan for that matter, must be…

IRS Issues Guidance Regarding ARPA Multiemployer Plan Relief Rules

USA - October 26 2021 The American Rescue Plan Act (ARPA) provided relief from certain annual notice and funding requirements to multiemployer plans reeling from…