The IRS has addressed Form 5500 filing for plan sponsors that take advantage of the extended deadline for plan adoption provided by the SECURE Act.
Among other things, it explains the manner and timing of making elections under the American Rescus Plan Act (ARPA), as well as the flexibility to redesignate contributions between plan years.
Plan sponsors also brought D&I efforts to retirement plans and lawmakers continued to introduce retirement plan legislation, according to Janus Henderson Investors’ DC trends webinar.
Those participating in a Senate Finance Committee hearing discussed ways to boost employees’ retirement savings, help with financial wellness and make it easier to offer a retirement plan.
The Encouraging Americans to Save Act would expand the saver’s tax credit and add a COVID-19 recovery bonus for middle- to low-income workers.
He was instrumental in finalizing the provisions of the Pension Protection Act of 2006, and several items he pushed for made it into the SECURE Act.
The lawsuit suggests that MetLife had an imprudent and disloyal preference for its index fund products, in part because of fees and tax deductions it received.
The agencies have filled in the gaps for implementing provisions of the American Rescue Plan Act.
ERISA attorneys and retirement policy experts list and speak on the most asked-about regulations for 2021.
An updated page on the IRS website serves as a reminder of requirements in effect and those that will be in effect soon.
The bill, referred to as 'SECURE 2.0,' gives the DOL six months after its passage to modify ERISA to allow plan sponsors to use a benchmark that’s a blend of different market indexes.
The guidance answers questions about who is an "active participant" and says the relief applies to each plan year which falls inside the relief period.
Both single-employer plans and multiemployer plans will get help with funding.
The bill would also extend funding relief for single-employer defined benefit plans.
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
The SECURE Act's provisions for pooled employer plans (PEPs) did not apply to 403(b) plans.
Retirement plan advisers were given ideas to consider and actions to take in response to new legislation, regulation and litigation.