dol

DOL Final Rule on SECURE Act Group of Plan Reporting at OMB

Final regulations entitled, Implement SECURE Act and Related Revisions to Employee Benefit Plan Annual Reporting on the Form 5500, issued by the Department of Labor’s EBSA, have been received by the federal OMB.

FuturePlan ERISA Team

SECURE Act

Defined Contribution Plan

DOL

DOL Releases Proposed Rule Updating Davis-Bacon Regulations

The Department of Labor’s (DOL’s) Wage and Hour Division has released a proposed rule Updating the Davis-Bacon and Related Acts Regulations.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

DOL Issues Compliance Release on Cryptocurrencies

The DOL has issued Compliance Assistance Release 2022-01 on the use of cryptocurrencies as plan investments in 401(k) plans.

FuturePlan ERISA Team

DOL

Fiduciary Issues

COVID-19 Relief Extended for Another Year

On February 18, 2022, the President once again extended the national emergency until February 28, 2023.

FuturePlan ERISA Team

COVID-19

Health and Welfare

DOL

IRS

IRS Guidance

DOL Issues RFI

The Department of Labor has published a RFI seeking what actions, if any, the department should take to protect retirement savings from risks associated with climate change.

FuturePlan ERISA Team

DOL

Defined Benefit Plan

Defined Contribution Plan

New Guidance Related to Over-the-Counter COVID-19 Tests

Group health plans and health insurance issuers must provide benefits for certain items and services related to testing for the detection and diagnosis of COVID-19.

FuturePlan ERISA Team

COVID-19

Health and Welfare

DOL

DOL Announces 2022 Inflation Adjustments for Civil Penalties

The DOL has published several inflation-adjusted penalty amounts for certain failures associated with qualified retirement plans.

FuturePlan ERISA Team

DOL

Qualified Retirement Plan

EBSA Addresses COVID-19 Testing Coverage Questions

On January 10, 2022, the Department of Labor’s Employee Benefits Security Administration, issued a new set of FAQs.

FuturePlan ERISA Team

DOL

Health and Welfare

2021 Form 5500 Series Informational Copies Released

The Department of Labor’s EBSA, the IRS, and the PBGC jointly released the 2021 Form 5500, 2021 Form 5500-SF, and their respective instructions.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

DOL

DOL Releases Form 5500 Revisions for Multiple-Employer Plans

It specifically revises the Form 5500 and Form 5500-SF instructions for the 2021 reporting year for multiple-employer plans.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

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