washington pulse

American Rescue Plan Act Provides Coronavirus Relief

President Biden has signed legislation that funds another round of assistance as the nation copes with the health and economic effects of the coronavirus pandemic. 

FuturePlan ERISA Team

Washington Pulse

Defined Benefit Plan

DOL

Health and Welfare

Legislative updates

IRS Releases Final QPLO Regulations

Plan participants have more time to roll over certain plan loan offsets under the Tax Cuts & Jobs Act of 2017 (TCJA). 

FuturePlan ERISA Team

Washington Pulse

Defined Contribution Plan

IRS

IRS Guidance

DOL Releases Final PTE on Investment Advice

The DOL addresses how financial organizations or professionals can receive certain compensation that would otherwise violate the prohibited transaction rules. 

FuturePlan ERISA Team

Washington Pulse

Defined Contribution Plan

DOL

Fiduciary Issues

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

DOL Releases Final Rule for Pooled Plan Provider Registration

The DOL has issued final regulations on registering as a pooled plan provider (PPP), which is one of the initial steps that such providers must take before offering PEPs.

FuturePlan ERISA Team

Washington Pulse

DOL

SECURE Act

Defined Contribution Plan

IRS Issues Final Life Expectancy Regulations

The IRS has published final regulations updating life expectancy tables that are used for required minimum distributions (RMDs) and for other purposes.

FuturePlan ERISA Team

Washington Pulse

IRS

IRS Guidance

Washington Pulse: IRS Provides Additional SECURE Act Guidance

IRS Notice 2020-68 provides guidance on the SECURE Act, and on the Bipartisan American Miners Act, which is also part of FCAA.

FuturePlan ERISA Team

Washington Pulse

IRS

SECURE Act

Miners Act

FCAA

Washington Pulse: PEP Model Evolves with DOL Proposed Registration Guidance

The DOL has issued a proposed rule on registration for pooled plan providers (PPPs), who may begin offering pooled employer plans (PEPs) on January 1, 2021.

FuturePlan ERISA Team

Washington Pulse

DOL

Defined Contribution Plan

Fiduciary Issues

Washington Pulse: IRS Releases Guidance on Loan Offset Rollovers

As part of the TCJA Congress provided more time to roll over certain types of plan loan offsets. The IRS has released proposed regulations to align the IRS’s guidance with the statutory rules.

FuturePlan ERISA Team

Washington Pulse

DOL

Defined Benefit Plan

Defined Contribution Plan

IRA

Lifetime Income Disclosures: A New Requirement for Pension Benefit Statements

The SECURE Act requires ERISA-covered plans to disclose an estimated monthly payment that participants could receive in a lifetime income stream.

FuturePlan ERISA Team

DOL

SECURE Act

Washington Pulse

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