regulatory and legislative

Final Rule on Transparency In Healthcare Coverage

Federal agencies jointly issue final rule on transparency in healthcare coverage intended to make healthcare price information accessible for comparison-shopping.

FuturePlan ERISA Team

DOL

Health and Welfare

IRS

Updated Life Expectancy Tables Published

The IRS has provided updated life expectancy tables.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

IRS Updates Life Expectancy Tables for Determining RMDs

The IRS has issued a pre-publication version of final regulations that update life expectancy tables for determining RMDs for tax-qualified retirement savings arrangements.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

In-Kind Distribution of Terminating 403(b) Accounts

The IRS has issued a ruling describing the status and tax treatment of certain 403(b)(7) custodial accounts belonging to participants or beneficiaries of terminating 403(b) plans.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

SECURE Act

Tax Benefits for Retirement Distributions for LTC Insurance

Proposed legislation would permit tax-free retirement savings distributions of up to $2,500 per year—indexed for inflation—that are used to purchase long-term care insurance.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

Legislative updates

DOL Releases Final ESG Guidance

The DOL has posted a final rule regarding guidance initially focused on restricting the use of environmental, social, and governance (ESG) investments.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

Fiduciary Issues

Proposed DOL Rule to Help Define "Employee" vs. "Independent Contractor"

The DOL's Wage and Hour Division has published a notice of proposed rulemaking to help define "employee" under the FLSA, which sets the standards for minimum wage and overtime payments

FuturePlan ERISA Team

DOL

Sequel to SECURE Act Introduced

Richard Neal (D-MA) and Kevin Brady (R-TX) have introduced the Securing a Strong Retirement Act of 2020, described as building on major retirement legislation enacted in December 2019.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

SECURE Act

Legislative updates

IRS Updates California Wildfire-Related Deadline Extensions

The IRS has updated previously-issued Announcement CA-2020-07, which describes the postponement of deadlines for victims of California wildfires that began on September 4, 2020.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

IRA

IRS Announces Louisiana Hurricane-Related Deadline Extensions

The IRS has issued Announcement LA-2020-05, which describes the postponement of deadlines for victims of Hurricane Delta, damage from which began on October 6, 2020.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

No Results