The Consolidated Appropriations Act of 2023 was signed into law on December 29, 2022, and has ushered in one of the most significant pieces of retirement plan legislation in recent memory. SECURE Act 2.0 (SECURE 2.0) contains...more
3/1/2023
/ 401k ,
403(b) Plans ,
Automatic Enrollment ,
Consolidated Appropriations Act (CAA) ,
Employee Benefits ,
Employee Contributions ,
Hardship Distributions ,
Multi-Employer Pensions ,
Required Minimum Distributions ,
Retirement Plan ,
Retirement Plan Providers ,
SECURE Act
The U.S. Department of Labor (the DOL) has proposed an update to its voluntary fiduciary corrections program that, although very limited, will make it easier for fiduciaries to correct some compliance errors in retirement...more
In light of recent guidance issued by the Center for Disease Control and the Equal Employment Opportunity Commission (EEOC), we have updated our Return to Work Checklist. This checklist is designed to help employers navigate...more
6/8/2021
/ Centers for Disease Control and Prevention (CDC) ,
Coronavirus/COVID-19 ,
Employer Responsibilities ,
Infectious Diseases ,
Masks ,
OSHA ,
Public Health ,
Re-Opening Guidelines ,
Social Distancing ,
Telecommuting ,
Workplace Safety
President Biden has signed into law the American Rescue Plan Act of 2021. The act contains a number of provisions affecting employee benefit plans. A description of some of these changes follows: Beginning April 1, 2021, and...more
As a result of the COVID-19 crisis, the IRS has just issued IRS Notice 2020-29 (the notice), which permits (but does not require) employers to provide flexibility to employees to change their elections under cafeteria plans...more
Employers that offer their employees individual account retirement plans such as 401(k) and 403(b) plans should know that participants affected by the coronavirus have new options to access funds in their retirement plan...more
Though many in the financial services industry were hoping for a reprieve, anyone who receives compensation for providing investment advice in connection with an ERISA plan or IRA will be considered a fiduciary effective June...more