For the period from June 9, 2017, until after regulations or exemptions or other administrative guidance has been issued, the agency will not pursue prohibited transactions claims against...
The lawsuit claimed Voya Financial and Voya Retirement Advisors (VRA) engaged in prohibited transactions in violation of ERISA through a service arrangement with Financial Engines.
Purchasing Power's Chief Operating Officer Elizabeth Halkos predicts more employers will offer financial wellness benefits and that the programs will be more holistic, among other things.
The IRS notice also includes a modified unisex version of the mortality tables for use in determining minimum present value for distributions with annuity starting dates that occur...