The legislation would allow survivors to withdraw $100,000 without fees or penalties.
Tag: retirement plan legislation
The RISE Act would increase automatic cashout limits, enable employers to offer small financial incentives for retirement plan participation and simplify plan sponsor disclosure requirements, among other things.
An updated Issue Snapshot reflects changes made by the Bipartisan Budget Act of 2018 and subsequent IRS regulations.
The Portable Retirement and Investment Account Act of 2021 would create accounts for people soon after they are assigned a Social Security number that they could contribute to whenever they don't have access to an employer-sponsored plan.
The web page addresses how applications submitted before a final rule is published will be affected by any changes PBGC makes.
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.