Bipartisan legislation has been reintroduced in Congress that seeks to encourage small businesses to offer retirement plans and make a variety of other changes to existing retirement law.Reps. Ron... Read More
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Legislation
BY Nevin E. Adams, JD | 12/13/2017
A recent headline suggests that a Roth election could “mitigate” the retirement plan issues identified with a mismatch in tax rates for pass-through entities – but that falls well short of solving... Read More
BY Ted Godbout | 12/13/2017
Bipartisan legislation that would allow for electronic delivery of pension and retirement plan information was introduced in the U.S. House of Representatives Dec 11.Introduced by Rep. Jared Polis (D... Read More
BY Ted Godbout | 12/8/2017
House Ways & Means Committee Chairman Kevin Brady (R-TX) announced Dec. 8 that conferees from the House and Senate will hold an open meeting on Wednesday, Dec. 13 to begin the process of... Read More
BY Nevin E. Adams, JD | 12/7/2017
Tax reform proposals being hurried through Congress could have a dramatic impact on the retirement security of small businesses and millions of small business workers – we need your help to do... Read More
BY Ted Godbout | 12/4/2017
UPDATED 12/6/17 at 10:30 a.m. ETAfter a long and sometimes heated debate, the Senate took a major step toward enactment of landmark tax reform legislation, approving its version of the Tax Cuts and... Read More
BY Ted Godbout | 12/1/2017
Late Thursday, the Senate was nearing the end of debate on its tax reform legislation, but it appears the chamber must first address concerns about the federal budget deficit voiced by certain... Read More
BY Ted Godbout | 12/1/2017
A key House Democrat introduced two bills on Dec. 1 that seek to implement automatic 401(k)s and simplify administration and improve retirement savings opportunities across the spectrum of plans,... Read More
BY Doug Fisher | 11/30/2017
In the hunt for 50 votes, Senate Republican leaders are floating the idea of increasing the deduction for qualified business income of pass-through businesses from 17.4% to 20% – and that could have... Read More
BY NAPA Net Staff | 11/29/2017
Legislation has been introduced in the U.S. House of Representatives that would boost the cashout limit for retirement plans, which its sponsors say will help make it easier for small businesses to... Read More
BY NAPA Net Staff | 11/27/2017
Sen. Sherrod Brown (D-OH) has introduced legislation that would create a Pension Rehabilitation Trust Fund and a Pension Rehabilitation Administration. He intends the bill to protect pension benefits... Read More
BY Ted Godbout | 11/27/2017
As we all emerge from our turkey-induced food coma, all eyes will now be on the U.S. Senate, as Congress returns this week from its Thanksgiving break to make the final push to approve tax reform by... Read More
BY Ted Godbout | 11/22/2017
While much of our focus on the current House and Senate tax bills has been on the retirement-related provisions, there are a number of provisions worth noting that would alter the existing tax... Read More
BY Ted Godbout | 11/17/2017
On Capitol Hill yesterday both the House and Senate took major steps toward completing the much-anticipated tax reform overhaul.Following a mid-day pep talk by President Trump, the House on Nov. 16... Read More
BY Nevin E. Adams, JD | 11/15/2017
Late last night, Senate Finance Committee Chairman Orrin Hatch (R-UT) released a modified chairman’s mark for the Tax Cuts and Jobs Act, with – mostly – good news for retirement plans.The revised tax... Read More
BY John Iekel | 11/14/2017
Ohio Sen. Sherrod Brown (D) plans to introduce a bill intended to protect pension benefits for retirees in multiemployer DB plans. He announced his plans at a Nov. 13 event in Youngstown, OH.Brown... Read More
BY Nevin E. Adams, JD | 11/13/2017
A weekend of lobbying on Capitol Hill has yielded some encouraging news on tax reform – but serious problems remain for retirement plans.Sen. Rob Portman (R-OH) has filed an amendment to strike the... Read More
BY Nevin E. Adams, JD | 11/10/2017
The Chairman’s Mark of the Senate tax reform proposal throws a few unexpected curves – bringing back problems for deferred compensation plans, introducing some new problems for 403(b) and 457 plans... Read More
BY Nevin E. Adams, JD | 11/10/2017
While tax reform is still very much a work in progress, there was a lot of good news for retirement plans and retirement savers yesterday. But there were also a couple of unwelcome surprises,... Read More
BY NAPA Net Staff | 11/9/2017
The U.S. Senate is expected to unveil its tax reform package today – could Rothification resurface?It seems (highly) unlikely, but a group of 15 Senate Democrats (and one independent who caucuses... Read More
BY Nevin E. Adams, JD | 11/6/2017
A major – and as yet largely unreported – change in the tax reform bill unveiled last week could have a dramatic impact on nonqualified deferred compensation.Section 3801 of the Tax Cuts and Jobs Act... Read More
BY NAPA Net Staff | 11/3/2017
By Nevin E. Adams, JD and Ted GodboutHouse Republican leaders on Nov. 2 released their much-anticipated tax reform plan that left 401(k)s and IRAs alone, but contained a number of proposals to modify... Read More
BY Andrew Remo | 11/3/2017
UPDATED NOV. 8While much of the focus has been on the potential “Rothification” of 401(k) plans, the Tax Cuts & Jobs Act included a number of other retirement plan-related provisions, including... Read More
BY Nevin E. Adams, JD | 11/2/2017
UPDATED 11:00 A.M. NOV. 3The GOP tax reform proposal “…makes no changes to the popular retirement savings options that Americans have today – including 401(k)s and Individual Retirement Accounts, or... Read More
BY Ted Godbout | 11/1/2017
In a preemptive move against retirement provisions in the forthcoming House Republican tax reform plan, Senate Democratic leaders yesterday unveiled an alternative proposal that, among other things,... Read More
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