Legislative/regulatory
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DOL issues final amendments to the Voluntary Fiduciary Correction Program
The EBSA issued final amendments to the Voluntary Fiduciary Correction Program and Prohibited Transaction Exemption that are effective on March 17, 2025. Learn about the enhancements.
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Social Security Fairness Act: unpacking the new law’s impact on 3 million+ beneficiaries
A new federal law that’s expected to raise Social Security payments for as many as 3.2 million retirees is raising questions from beneficiaries about the impact they may see and creating an opening for financial professionals to fill the information gap.
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The RMD evolution: understanding the 2024 required minimum distribution regulations
The IRS’s final 2024 RMD regulations are out. Get a quick summary from our ERISA specialists.
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SIMPLE IRAs: what to know after SECURE 2.0
SECURE 2.0 added an opportunity for the sponsor of a SIMPLE IRA plan to terminate the SIMPLE IRA plan midyear if the SIMPLE IRA plan is replaced with a safe harbor 401(k) plan. IRS Notice 2024-2 provided details on how this is accomplished.
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The DOL’s final fiduciary rule is here!
Released in April 2024 with a September effective date, this rule defines when a person is an investment advice fiduciary under ERISA and the Internal Revenue Code. It also includes amendments to various class prohibited transaction exceptions (PTEs) available to these fiduciaries.
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SECURE 2.0 checklist—a simple way to help you keep your plan compliant
Having a SECURE 2.0 retirement plan checklist can help plan sponsors stay organized and track compliance. Use our sample as a guide to help you create yours.
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IRS guidance on SECURE 2.0 provisions—helpful but not everything we hoped for
Late in December 2023, the IRS released long-awaited guidance on SECURE 2.0. Read about the grab bag of direction provided under Notice 2024-02, which is meant to assist with the implementation of certain provisions.
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Long-term, part-time employees: Guidance has finally arrived
The long-term, part-time (LTPT) employee rules were amended under the SECURE 2.0 Act. We’ll clarify what this means for plan sponsors, service providers, and financial professionals.
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Understanding the DOL’s definition of an investment advice fiduciary
The proposed DOL Retirement Security Rule changes the definition of an investment advice fiduciary. Learn what this means for your participants.
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IRS delays SECURE 2.0 Roth catch-up rules for two years
The IRS has delayed the required implementation of the SECURE 2.0 requirement that catch-up contributions be made on a Roth basis for participants whose FICA wages for the prior year exceeded $145,000.
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