IRS OC List Helps Plan Sponsor Clients Ensure Operational Compliance
An updated page on the IRS website serves as a reminder of requirements in effect and those that will be in effect soon.
Tag: SECURE Act
Compliance
Compliance
Compliance
Compliance
‘Secure Act 2.0’ Likely to Become a Reality
Retirement Plan Execs Confident Senate Will Pass the Bill Into Law
Unintended Tax Consequences Arise When the RMD Date Shifts
The concept of extending the age at which one must begin drawing tax-sheltered savings as income in retirement is like candy, one source says: Everybody loves it, but too much of it can be a bad thing.
Complementary ‘SECURE 2.0’ Legislation Introduced in Senate
The introduction of the Improving Access to Retirement Savings Act could be a key step toward eventual passage of retirement reforms that build on the momentum of the SECURE Act.
House Ways and Means Committee Passes SECURE Act 2.0
The markup hearing, punctuated by a unanimous vote to advance the legislation, demonstrated that retirement security issues are capable of bringing together members of Congress who don’t agree on much else.
‘SECURE Act 2.0’ Appears Ready to Clear Committee
Sources say the House Ways and Means Committee will likely vote to advance the Securing a Strong Retirement Act of 2021, often called a follow-up to the SECURE Act, as soon as tomorrow afternoon.
Gig Workers and PEPs—Coverage Lessons From the UK
One established provider of pooled employer plans in the United Kingdom says the promise of PEPs is big here in the U.S., but they might not be the ticket for solving the entire coverage gap, especially for gig workers.
ERISA vista
Lifetime Income Illustrations
Preparing committees for this SECURE Act requirement.
Compliance News
Legislative and Judicial Actions
States updating annuity standards; Senate confirms a Labor secretary; GAO presses the DOL to clarify cybersecurity guidance; and more.
Cover Story
A Season for Change
Advising clients about the SECURE Act’s new lifetime income safe harbor.
PLAN DESIGN | Solutions
Overcoming Obstacles
Strategies to manage client resistance to plan design changes.
PLAN DESIGN | Participants
Products
Data & Research
Take It Past the Limit
Voluntary after-tax retirement savings accounts as a design feature.
July CEO Sees Promise in the PEP Marketplace
While there is still a learning curve when it comes to advisers understanding their role in the pooled employer plan marketplace, providers entering the space say the future is bright.
What Advisers Should Know About RMD Rule Changes
A new research report out of the Wharton School suggests changes to required minimum distribution (RMD) rules might not have as big an impact in practice as many might expect, though one subset of clients seems likely to benefit the most from an older RMD age.
Compliance
SECURE Act and CARES Act Still Demand Client Diligence
As an example, if a plan sponsor has not yet started tracking part-time employees to see whether they accumulate 500 hours of service in 2021, they should begin doing so immediately.
Regulatory & compliance | administration
How to Choose a PEP
As pooled employer plans go live, advisers assume a new guiding role.
Client Service
Products
Compliance
15th Anniversary of RPAY: Bukaty Companies Financial Services
Since winning the 2019 PLANSPONSOR Retirement Plan Adviser Mega Team of the Year award, Bukaty Companies Financial Services was acquired by employee benefits giant OneDigital, greatly expanding the services it can now offer clients.
Client Considerations as PEPs Come Online
Sources say advisers should expect more questions about pooled employer plans as the year unfolds and this new marketplace develops.
401(k) Plan Co. Launches PEP as Alternative to CalSavers
The firm says the new PEP features higher contribution limits relative to CalSavers.
SECURE Act Dictates Long-Term, Part-Time Employees Be Included in Retirement Plans
But there are some options employers have with respect to enforcing this, such as allowing part-time employees to make their own contributions.