dol

DOL Releases Proposed Regulation on Automatic Portability Under SECURE 2.0

The Department of Labor has announced the release of a proposed regulation on automatic portability transactions pursuant to Section 120 of SECURE 2.0.

FuturePlan ERISA Team

SECURE 2.0

DOL

Legislative updates

Defined Contribution Plan

DOL Posts FAQs on PLESAs Under SECURE 2.0

The Department of Labor has announced the release of a set of frequently asked questions intended to provide general compliance information.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

Legislative updates

SECURE 2.0

OMB Completes Review of DOL Automatic Portability Exemption Proposal

A Department of Labor proposed rule titled Exemption for Certain Automatic Portability Transactions has been removed from the Office of Management and Budget’s list for review.

FuturePlan ERISA Team

DOL

Legislative updates

SECURE 2.0

Defined Contribution Plan

IRA

DOL Announces 2024 Inflation Adjustments for Civil Penalties

The Department of Labor has published in the Federal Register several inflation-adjusted penalty amounts for certain failures associated with qualified retirement plans.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Defined Benefit Plan

PBGC Announces Changes to e-Filing Portal

The Pension Benefit Guaranty Corporation has indicated they will launch a new and improved e-Filing Portal on February 1, 2024.

FuturePlan ERISA Team

DOL

Defined Benefit Plan

Defined Contribution Plan

PBGC Issues Comprehensive Premium Filing Instructions for 2024 Plan Years

The Department of Labor’s Pension Benefits Guaranty Corporation has issued the 2024 plan year version of its Comprehensive Premium Filing Instructions.

FuturePlan ERISA Team

DOL

Defined Benefit Plan

Defined Contribution Plan

OMB Completes Review of DOL Regulatory Terms

Two Department of Labor (DOL) regulatory actions have been removed from the Office of Management and Budget’s list for review.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Proposed Automatic Portability Exemption at OMB

The Office of Management and Budget has received a proposed rule from the Department of Labor titled “Exemption for Certain Automatic Portability Transactions”.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

DOL

DOL Issues Final Rule Updating Davis-Bacon Regulations

The Department of Labor has issued a final rule updating the Davis-Bacon Act and the Davis-Bacon Related Acts nearly 40 years after the Department last completed a comprehensive revision of the guidelines.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

Washington Pulse

Prevailing Wage

DOL Final Rule on QPAM Exemptions at OMB

The Office of Management and Budget has received a final rule from the Department of Labor titled “Proposed Amendment to PTE 84-14 for Plan Asset Transactions Determined by an Independent Qualified Plan Asset Manager”.

FuturePlan ERISA Team

DOL

Fiduciary Issues

Defined Contribution Plan

Defined Benefit Plan

HSA

IRA

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