Representative Suzan DelBene (D-WA) and co-sponsors Sean Casten (D-IL), Juan Vargas (D-CA), and Dean Phillips (D-MN) have introduced the Freedom to Invest in a Sustainable Future Act.
The revisions are effective for plan years beginning on or after January 1, 2023.
The Department of Labor’s Employee Benefits and Security Administration (EBSA) recently released a proposed amendment to the Voluntary Fiduciary Correction Program (VFCP).
The DOL’s EBSA is reopening the comment period for its proposed amendments to the VFCP and amendments to Prohibited Transaction Exemption 2002-51.
The PBGC has published in the Federal Register inflation-adjusted penalty amounts for failure to provide certain notices.
The Department of Labor has published in the Federal Register several inflation-adjusted penalty amounts for certain failures associated with qualified retirement plans.
In this latest guidance, the DOL amends the “Investment Duties” regulation.
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Nicole in Florida.
The Pension Benefit Guarantee Corporation (PBGC) has issued a final rule updating interest assumptions under the asset allocation regulation for plans with valuation dates in the first quarter of 2023.
Effective December 14, 2022, the federal prime interest rate increased from 7 percent to 7.50 percent.