Regulatory Requirements, Final Rules, Retirement Plan

Texas court upholds Biden administration’s rule on ESG Investing for ERISA fiduciaries

A&O Shearman on 3/14/2025

In a recent decision by the U.S. District Court Northern District of Texas, Judge Matthew J. Kacsmaryk ruled that the U.S. Department of Labor’s 2022 Rule (the 2022 Rule) on environmental, social, and governance (ESG)...more

Getting Clued In: How the SEC’s RILA Rulemaking Affects Variable Annuities

Carlton Fields on 1/31/2025

The recent rule and form amendments adopted by the SEC to facilitate the registration of registered index-linked annuities (RILAs) and market-value adjustment annuities (MVAs) on Form N-4 have been broadly welcomed by the...more

401(k) and 403(b) plans must be updated January 1, 2020

Bricker Graydon LLP on 11/1/2019

The IRS recently issued final regulations to standardize the administration of hardship distributions. Plans that permit hardship distributions must implement operational changes for hardship distributions by January 1, 2020,...more

Final Regulations Issued for Hardship Distributions From Qualified Retirement Plans

Troutman Pepper Locke on 10/11/2019

As we wrote in November 2018, the Treasury Department issued proposed regulations that significantly relaxed many rules governing hardship distributions from qualified plans, including eliminating requirements that employee...more

IRS Final Regulations Amend Hardship Distribution Rules for 401(k) and 403(b) Plans

Stinson - Benefits Notes Blog on 10/10/2019

On September 23, 2019 the Internal Revenue Service (“IRS”) issued final regulations amending the rules for hardship distributions from 401(k) and 403(b) plans (the “Final Regulations”)....more

With Limited IRS Extension, Plan Sponsors Should Review Their 403(b) Plan Documents

Burr & Forman on 10/9/2019

Generally, a 403(b) plan is a retirement planning program whereby a public school or tax-exempt 501(c)(3) organization (including churches) makes contributions for their employees (and certain ministers) to specific types of...more