Rep. Josh Gottheimer (D-NJ) announced Jan. 27 that he is introducing legislation intended to increase retirement savings by changing the tax treatment of capital gains from the sale of a principal residence. Under Gottheimer’s Senior Housing Improvement and Retirement Accounts (IRA) Act, ... READ MORE

The IRS has issued a clarification on the notifications about required minimum distributions (RMDs) that must be provided to IRA owners who will turn 70½ in 2020 in light of the provisions of the SECURE Act.  Under the SECURE Act, the new required beginning date for an RMD for an IRA owner is... READ MORE

The IRS said in a recently issued private letter ruling (PLR) that a retirement plan offered by a charity that is affiliated with a church is a church plan.   In PLR 202001008, which the IRS issued on Oct. 3, 2019 but did not release until Jan. 3, 2020, the IRS addresses whether the retirement... READ MORE

The California Secure Choice Retirement Savings Board has released a report on the first six months of the Golden State’s retirement savings program for residents whose employers do not offer a retirement plan.  Under the program, California employers with five or more employees that don’t offer a... READ MORE

Fulfilling responsibilities and increasing participation and deferral rates are the top priorities of 403(b) plan sponsors for 2020, the Plan Sponsor Council of America (PSCA) finds in a new survey.  Survey respondents’ top five priorities were:  Priority Percentage Naming... READ MORE

Plan sponsors have moved quickly to incorporate new, more liberal hardship withdrawal provisions, but that have not seen an increase in the number of participants taking advantage of them, says a new survey by the Plan Sponsor Council of America.  The Bipartisan Budget Act of 2018 included a... READ MORE

Stephanie Avakian, Co-Director of the Securities and Exchange Commission's Division of Enforcement, outlined the Commission’s examination of the administration of teacher retirement plans at a recent conference in London. Addressing the 2019 “SEC Regulation Outside the United States” conference on... READ MORE

The Department of Labor’s Employee Benefits Security Administration, the IRS and the Pension Benefit Guaranty Corporation have released advance copies of the 2019 Form 5500 and the Form 5500-SF, as well as their schedules. They will be used for reporting information pertaining to the 2019 plan year... READ MORE

Plan sponsors look to their websites for a wide range of information, but recordkeepers have work to do regarding their design and features, say two analysts who studied sites and users’ experiences.  At the recent SPARK Forum in Palm Beach, FL, Olivia Jack and Andrew Way of Corporate Insight... READ MORE