DOL Releases Cybersecurity Guidance for Plan Sponsors
The DOL’s Employee Benefits Security Administration today released a three-part guidance package on cybersecurity for plan sponsors, plan fiduciaries, service providers, and participants.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2021-27, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
IRS Sets 2021 Retirement Plan Compliance Priorities
The IRS’ Tax Exempt and Government Entities Compliance Governance Board has approved the following to be prioritized and resourced, primarily through examination.
Additional COBRA Premium Assistance Guidance Under ARPA
The DOL has issued additional COBRA premium assistance guidance under the American Rescue Plan Act of 2021.
Deadlines for Tax Filing and Certain Contributions Confirmed
The IRS makes official the previously announced delay of the April 15, 2021 federal income tax filing due date for individuals for the 2020 tax year to May 17, 2021.
Congress Votes to Extend Paycheck Protection Program
A proposal to extend the Paycheck Protection Program (PPP) through the end of May has passed the Senate by a vote of 92-7.
New Guidance on PPE as Medical Expense
The IRS has indicated that amounts paid for PPE that are primarily used to prevent the spread of COVID-19 are treated as amounts paid for medical care.
Adeyemo Confirmed as Deputy Secretary of the Treasury
Wally Adeyemo has been confirmed as Deputy Secretary of the Treasury after the Senate approved him in a bipartisan voice vote.
Marty Walsh Confirmed as Secretary of Labor
Former Boston Mayor Marty Walsh was confirmed on Monday as Secretary of the Department of Labor (DOL).
Updated Yield Curves and Segment Rates for DB Plan Calculations
The IRS has issued Notice 2021-22, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
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