defined benefit plan

Final Regulations for Default Electronic Delivery of Retirement Plan Disclosures

The Department of Labor’s Employee Benefits Security Administration (EBSA) has issued a pre-publication version of highly-anticipated final regulations on default electronic delivery of retirement plan disclosures. These regulations become effective 60 days following their publication in the Federal Register, currently scheduled for Wednesday, May 27.

Retirement plan administrators and service providers have been awaiting these final regulations since they were issued in proposed form in October 2019. This guidance is expected to enhance the ability of retirement plans and their service providers to deliver required disclosures to participants and beneficiaries by electronic means.   

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Legislative updates

Defined Benefit Plan

House Passes Next Coronavirus Relief Bill

The House of Representatives late Friday passed H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, providing additional aid to many who are adversely affected by the novel coronavirus (COVID-19) pandemic. The bill also contained non-COVID-19-related provisions considered likely to prove controversial in the Senate.

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

Defined Contribution Plan

IRA

Legislative updates

President Trump Signs Bill to Replenish Paycheck Protection Program

Following passage by an overwhelming margin in the U.S. House of Representatives Thursday, President Trump today signed into law the Paycheck Protection and Healthcare Enhancement Act, infusing $320 billion in additional funding into the Small Business Administration’s Paycheck Protection Program (PPP).

FuturePlan ERISA Team

COVID-19

Defined Contribution Plan

Defined Benefit Plan

Legislative updates

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