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.
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.
COVID-19 Relief Extended for Another Year
On February 18, 2022, the President once again extended the national emergency until February 28, 2023.
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.
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.
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.
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.
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.
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.
DOL Issues “Supplemental Statement” to 2020 Information Letter
The Department of Labor’s Employee Benefit Security Administration (EBSA) has issued a supplemental statement to a June 2020 Information Letter.
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