Skip to main content

You are here

Advertisement


News

At the 180th meeting of the ERISA Advisory Council on March 16, Department of Labor (DOL) Assistant Secretary for Employee Benefits Security, Phyllis Borzi updated the Council on the DOL’s activity since their last meeting in November and kicked off a new year of business for the group of industry... READ MORE
Legislation pending in the Maryland General Assembly uses more carrot than stick to entice private employers in the state to offer a retirement savings program for their employees.If the employer meets the requirements in the legislation — namely that the business adopts or maintains either an auto... READ MORE
The Board of Governors of the Federal Reserve in its latest quarterly report about U.S. financial accounts, provides information on how state and local government defined benefit and defined contribution funds — 403(b) and 457 funds — fared from a variety of perspectives during the fourth quarter... READ MORE
There’s still a sense of optimism among investors concerning retirement plans and savings, but it’s not as robust as it was a year ago, says a report by Wells Fargo and Gallup. Stock market volatility is to blame, they say.Market RollercoasterIn fact, the report says that optimism about the stock... READ MORE
The Securities and Exchange Commission (SEC) has formed the Office of Risk and Strategy (ORS), a new office within the Office of Compliance Inspections and Examinations (OCIE). It is intended to consolidate and streamline the OCIE’s risk assessment, market surveillance and quantitative analysis... READ MORE
Since January, new state retirement plan bills have poured into state legislatures around the country, some promising opportunity and some threatening confusion or worse for state plan participants. Obviously not every piece of legislation succeeds, but bills that die in one session often re-emerge... READ MORE
The IRS on March 11 updated its web page on the Employee Plans Compliance Unit (EPCU) Non-Governmental 457(b) Plans Excess Deferrals Project. Section 457 plans may allow participants to make ‘catch-up’ deferrals during the three-year period immediately preceding the year in which they attain... READ MORE
Each January, the IRS publishes the new fees for pre-approved plans to be submitted — mass submitters vs. word-for-word adopters, cost of PLRs and miscellaneous costs for other rulings. In MarketBeat, Susan Diehl provides a reminder about the fees in place in 2016. READ MORE
You have a client who is severing employment in the year he turns 55, but before his birthday. Will his withdrawals from his 403(b) be subject to the 10% penalty tax? In Tech Talk, Ellie Lowder tells us. READ MORE
Last week, a harmful provision that could have extended Connecticut’s state-run retirement coverage mandate to ERISA plans was dropped from the bill reported out of committee. The move follows March 8 testimony in Connecticut by the American Retirement Association on the harmful effects the... READ MORE

Pages