dol

Additional ACA FAQs Released

The Departments of Labor, Health and Human Services and Treasury issued a joint FAQ related to the coverage of contraceptive products as preventive services by group health plans or issuers.

FuturePlan ERISA Team

DOL

HSA

Healthcare Reform

Federal Prime Interest Rate Increased to 5.50 Percent

Effective July 27, 2022, the Federal prime interest rate increased from 4.75 percent to 5.50 percent.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

DOL Releases Proposed Amendment to QPAM Exemption

The Department of Labor has announced a proposed amendment to the Class Prohibited Transaction Exemption 84-14, also known as the Qualified Professional Asset Manager (QPAM) Exemption.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

DOL Guidance on Employee Benefit Plan Audit Independence

The Office of Management and Budget has received a final rule from the Department of Labor (DOL) titled, “Interpretive Bulletin Relating to the Independence of Employee Benefit Plan Accounts.”

FuturePlan ERISA Team

DOL

Defined Benefit Plan

Proposed Amendment for QPAM Exemptions Has Left OMB

A Proposed Rule titled “Proposed Amendment to PTE 84-14 for Plan Asset Transactions Determined by an Independent Qualified Plan Asset Manager” (QPAM) has left the Office of Management and Budget.

FuturePlan ERISA Team

DOL

IRA

HSA

Defined Contribution Plan

DOL Releases Spring 2022 Regulatory Agenda

The Department of Labor has posted online its upcoming guidance priorities.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Big Changes May be in Store for the Davis-Bacon Act

The Davis-Bacon Act (DBA) has played a major role in the construction industry for over 90 years.

FuturePlan ERISA Team

Washington Pulse

Defined Contribution Plan

DOL

Financial Freedom Act Proposed in House

Representative Byron Donalds (R-FL) and several Republican co-sponsors have introduced HR 7860, the Financial Freedom Act of 2022.

FuturePlan ERISA Team

Legislative updates

DOL

Defined Contribution Plan

Senate Committee Releases Retirement Bill Discussion Draft

The RISE & SHINE Act shares some similarities to, and builds upon the Securing a Strong Retirement Act bill that passed the House in March.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

IRS

Legislative updates

Cash Balance Plan

SECURE Act

Final Form 5500 Revisions Guidance Issued

The DOL’s EBSA, IRS, and the PBGC have released final forms revisions to the Form 5500 and Form 5500-SF.

FuturePlan ERISA Team

DOL

IRS

Defined Benefit Plan

Defined Contribution Plan

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