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BY Ted Godbout | 5/18/2020
The $3 trillion bill which passed May 15 includes retirement provisions advocated by the American Retirement Association. While it has already been declared “dead on arrival” in the Senate, that... Read More
BY Ted Godbout | 5/15/2020
A large percentage of health care organizations are considering retirement plan contribution changes as part of an effort with weather the COVID-19 pandemic.  A recent flash poll of 51 health... Read More
BY Ted Godbout | 5/15/2020
Despite uncertain market conditions during the COVID-19 pandemic, Americans continued to save for retirement through DC plans, according to first quarter data by the Investment Company Institute.... Read More
BY Ted Godbout | 5/12/2020
U.S. employers holding return-to-work discussions can gain insight from the experiences of employers with essential workers that remained open throughout the pandemic. To gain a better... Read More
BY Jack Towarnicky | 5/11/2020
It’s not as though we haven’t been through tumultuous times before, but is this time different? Just four months ago, we were reviewing 2019 401(k) investment performance where the S&P 500... Read More
BY Ted Godbout | 5/8/2020
The government has provided more time for borrowers to assess whether their loan under the Paycheck Protection Program (PPP) was necessary and whether they need to return it. In a May 6 update to... Read More
BY Nevin E. Adams, JD | 5/8/2020
There’s been a lot of interest, concern and confusion about the Paycheck Protection Program (PPP)—and a recent, controversial opinion from the IRS regarding the deductibility of certain expenses.... Read More
BY Allison Wielobob | 5/7/2020
Just when you thought the rules around COVID-19 distributions couldn’t get any more complicated… For many households, “COVID-19 distributions” from qualified plans and IRAs may be a welcome... Read More
BY Ted Godbout | 5/7/2020
A controversial call by the IRS on deductibility of expenses under the Paycheck Protection Program is drawing fire from both parties and both houses of Congress. No less than the chairmen of the... Read More
BY Ted Godbout | 5/6/2020
While only 5.6% of plan participants changed their portfolio allocations during the first quarter, new research finds that there is significant variation based on how those participants were invested... Read More
BY Nevin E. Adams, JD | 5/6/2020
For those (still) burning questions about the Coronavirus Aid, Relief and Economic Security Act (CARES Act), the IRS has published some answers. Specifically, the May 4 Q&As concern Section... Read More
BY Nevin E. Adams, JD | 5/5/2020
Life has many lessons to teach us, some more painful than others—and some we’d just as soon be spared. But for the graduates of 2020—well, theirs is surely a unique time. So, if you have a graduate—... Read More
BY Martin L. Pippins | 5/4/2020
Recent guidance clarifies that retirement contributions for unincorporated sole proprietors are excluded from payroll costs in calculating the maximum loan amount under the Paycheck Protection... Read More
BY Nevin E. Adams, JD | 5/4/2020
Recent updates from the SEC and FINRA have raised questions among some RIAs about the disclosure of loans made to them under the Paycheck Protection Program (PPP). What are you doing/thinking about... Read More
BY Ted Godbout | 5/4/2020
The IRS had some unwelcome news for plan advisors and small businesses that may be taking advantage of forgivable loans under the Paycheck Protection Program.   In short, the IRS is... Read More
BY Ted Godbout | 5/4/2020
Many employers are taking steps to make it easier for employees to access their 401(k) plans under the CARES Act, but some are considering more drastic action, according to new survey results.... Read More
BY Ted Godbout | 5/1/2020
To clear up any confusion, the Securities and Exchange Commission has advised that under certain circumstances, registered investment advisors must disclose forgivable loans they have received under... Read More
BY Ted Godbout | 5/1/2020
No doubt, many are struggling during the COVID-19 pandemic, but employers that show heightened support for their employees are viewed more favorably and have a workforce that reports greater holistic... Read More
BY Nevin E. Adams, JD | 5/1/2020
Here we are—40-ish days into this COVID-19 crisis, on this first day of May, most of us working from different places and in different ways… with folks who are also working from different places and... Read More
BY Nevin E. Adams, JD | 4/29/2020
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has issued “deadline relief and other guidance” related to the impact of the Coronavirus outbreak—including expanded “... Read More
BY Ted Godbout | 4/29/2020
In response to the logistical challenges created by the Coronavirus pandemic, some states are taking steps to authorize virtual notarization.   Given the unprecedented circumstances... Read More
BY Ted Godbout | 4/29/2020
Proprietary data from Ascensus reveals how U.S. employees shifted their savings behaviors last month, as the COVID-19 pandemic disrupted the U.S. economy and financial markets. The firm notes in “... Read More
BY John Iekel | 4/28/2020
There are many consequences when an economic downturn happens, and a recent analysis warns that accelerated depletion of the Social Security trust funds may result from this one.  In “COVID-... Read More
BY Nevin E. Adams, JD | 4/24/2020
A reader comments that he heard from an ERISA attorney on a recent webinar cautioning that all recordkeeping conversions should be halted for the present—ditto fund changes. This week, we asked... Read More
BY Ted Godbout | 4/24/2020
Update: President Trump signed the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266) into law on April 24, 2020. The House of Representatives on April 23 approved a $484... Read More