Two ESOP Bills Progress in Congress
Both aim to promote employee ownership and have bipartisan support.
Tag: Legislation
Wagner Law Group Dissects Possible Tax Cuts and Jobs Act Loophole
Since the 20% deduction of qualified business income means that a self-employed individual will be taxed at a lower rate than an employee performing substantially the same work with a broker/dealer firm, might more brokerage employees be driven to act as independent contractors?
Details from the Retirement Plan Simplification and Enhancement Act
Alongside numerous proposed changes, employees who work for three consecutive years with at least 500 hours of service each year would have to be made eligible to participate in an employer’s plan, but would be excluded from top-heavy and nondiscrimination testing.
GOP-Crafted Tax Cuts Appear Increasingly Certain
Congressional Republicans have successfully pushed a unified version of the Tax Cuts and Jobs Act through the House once, and they may now have to do it again.
Mercer Experts Put Odds In Favor of Republican Tax Reform Success
The text of a combined bill drawing together the House and Senate proposals is slowly emerging ahead of critical up-or-down floor votes scheduled for early next week.
Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes
It appears some last-minute amendments have largely removed controversial provisions from the Senate’s version of tax reform legislation that would have had a big impact on governmental 457 and nonprofit 403(b) plan sponsors.
Senate Tax Reform Success Sets Up High Stakes Conference Committee Process
With the passage of the Senate’s version of tax reform, the stage is set for a bicameral conference committee process through which a select group of legislators will try to rectify the House and Senate bill texts.
Democrats Outline Their Vision for Protecting Union Pensions
House and Senate Democrats say their “Better Deal” proposal
offers an alternative vision to the GOP’s economic agenda, with a focus on
protecting union pensions and access to retirement accounts.
GOP Backs Away From Limits on Deferred Compensation
Among other amendments that have already emerged in both the
House and the Senate tax proposals, it seems nonqualified deferred compensation
plans will more or less be left alone.
Senate Tax Reform Proposal Also Hits Deferred Compensation
Analysts warn it’s too soon to tell what middle ground, if
any, may be reached between the House and Senate; for now 401(k) retirement
plan deferrals appear to be mostly unaltered, but other important changes are
proposed.
Mercer Offers Retirement System Policy Proposals
In a point-of-view white paper, Mercer offers several specific policy recommendations to address what should be done to enable more Americans to retire with confidence.
Executive Benefits Take a Hit in Tax Reform Proposal
The proposal effectively eliminates nonqualified deferred compensation (NQDC) plans as tools for tax planning available to executives and public companies, attorneys with Groom Law Group say.
GOP Tax Reform Package Includes Some Important Retirement Adjustments
Industry observers are pleased to see the overall deferral
limits for 401(k) plans left unaffected, but there are still some important changes
included in the bill concerning the treatment of DC account loans, hardship withdrawals, nondiscrimination
testing, and more.
401(k) Contributions Appear Safe in Tax Reform Debate, For Now
It appears 401(k) contributions won’t be affected by tax
reform, but one industry veteran warns the process is still only just beginning—and
that tax uncertainty is “unfortunately not likely to ever go away.”
EBRI Breaks Down Number Affected by Tax Reform Changes
An Employee Benefit Research Institute analysis breaks down the number of 401(k) contributors who would be affected by a mandatory, partial Rothification proposal in tax reform.
Global Best Practices Can Improve U.S. Retirement Outlook
It is clear which countries lead the way in providing
sustainable retirement systems with adequate benefits—and what others can learn
from them to improve.
PANC 2017: Maximizing the Workplace Savings System
Retirement plan advisers are in a unique position to help
working Americans build wealth and a sense of security and dignity when it
comes to thinking about long-term finances.
DOL Fiduciary Regulation in Global Perspective
Morningstar’s “Global Fund Investor Experience” report shows
that, with strong regulations, come stable markets.
Bill Offers More Relief for Hurricane Victims
The bill increases limits for retirement plan loans and takes away tax penalties for withdrawals.
Hurricane Relief: What Should DC Plan Advisers Be Telling Their Clients?
Advisers can help plan participants understand their hierarchy of needs, framing guidance to fit the context of whatever additional relief Congress may provide.