News

Final Regulations on Offset Retirement Plan Loan Rollovers

IRS final regulations on offset retirement plan loan rollovers have been published in the Federal Register. 

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

DOL Updates Q&As for Pandemic-Related Paid Leave

The DOL has issued an update to its Q & A guidance on paid employee leave under provisions of FFCRA.

FuturePlan ERISA Team

COVID-19

DOL

Health and Welfare

IRS Releases 2021 Tax Year Reporting Forms 1099-R and 5498

The IRS has posted at its website the 2021 tax year version of Form 1099-R and Form 5498. 

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

Deadline for CARES Act Retirement Plan Distribution Benefits

December 30, 2020, is the deadline for eligible taxpayers to take distributions from IRAs and employer-sponsored retirement plans that qualify for special tax benefits under CARES Act. 

FuturePlan ERISA Team

Government Savings

Retirement

Employer

Savings

Individual

DOL Final Regulations on Independent Contractor Status

Final Independent Contractor Status Under the Fair Labor Standards Act regulations issued by the DOL have been received by the OMB. 

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Spending Bill Contains Coronavirus Relief

On December 21, 2020, Congress passed additional measures to provide economic relief from the effects of the coronavirus pandemic. On December 27, 2020, it was signed into law. 

FuturePlan ERISA Team

Washington Pulse

Legislative updates

COVID-19

COVID Relief and Government Funding Legislation Delayed

Legislation for a new round of economic relief for victims of the COVID-19 pandemic and extend funding for federal government agencies remains in pending status.

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

Defined Contribution Plan

Health and Welfare

Legislative updates

IRS Extends Temporary Relief for Remote Notarization

The IRS has extended temporary relief from the physical presence requirements for certain elections made by participants and beneficiaries.

FuturePlan ERISA Team

Retirement

Tax Qualified

Investment Advice Fiduciary Class Exemption Published

Investment Advice Fiduciary Class Exemption Published, Effective Date Set

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Fiduciary Issues

IRA

Final Regulations for Group Health Plan Grandfathered Status

Final regulations expand flexibility of grandfathered group health plans and grandfathered group health insurance coverage.

FuturePlan ERISA Team

Health and Welfare

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