The American Retirement Association (ARA) has lent its support to a Labor Department proposal on Association Health Plans – and offered a couple of recommendations as well.Earlier this year, the U.S... Read More
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Regulatory Agencies
BY John Iekel | 2/22/2018
In a Feb. 21 letter to Acting IRS Commissioner David Kautter, Rep. Richard Neal (D-MA) has requested that the IRS reevaluate the new Voluntary Correction Program (VCP) user fees announced earlier... Read More
BY NAPA Net Staff | 2/20/2018
There have been banking scams from Nigerian princes, phishing schemes ostensibly from the IRS, software update alert calls allegedly from Microsoft and now we apparently have fraudulent investment... Read More
BY NAPA Net Staff | 2/14/2018
In its FY 2019 budget request, the Securities and Exchange Commission is seeking a slight increase in funding for inspections and examinations.The SEC’s Office of Compliance Inspections and... Read More
BY Ted Godbout | 2/12/2018
The 2nd quarter update to the 2017-2018 Treasury Priority Guidance Plan includes projects stemming from the Tax Cuts and Jobs Act’s compensation-related changes. The updated plan also includes... Read More
BY NAPA Net Staff | 2/7/2018
Cybersecurity, cryptocurrencies, and clearing agencies are among the Securities and Exchange Commission’s examination priorities for 2018. The SEC’s Office of Compliance Inspections and Examinations... Read More
BY Ted Godbout | 2/1/2018
Total monetary recoveries by the Employee Benefits Security Administration’s enforcement and oversight activity in fiscal year 2017 were up from the previous year, according to an annual fact sheet... Read More
BY Nevin E. Adams, JD | 2/1/2018
The American Retirement Association has taken issue with the new VCP fee structure and approach taken by the IRS, charging that it is “unfair to small employers, and will have an adverse impact on... Read More
BY Ted Godbout | 1/31/2018
The Securities and Exchange Commission’s Office of Minority and Women Inclusion (OMWI) has invited regulated entities to participate in its Diversity Assessment Report for Entities Regulated by the... Read More
BY NAPA Net Staff | 1/22/2018
A recent analysis suggests that the SEC’s take on a fiduciary standard may be inching closer to that of the DOL.In “SEC Enforcement Slowly Tilting Fiduciary Needle toward ERISA,” an article appearing... Read More
BY NAPA Net Staff | 1/19/2018
The IRS granted relief Jan. 17 to taxpayers in the Golden State who have suffered due to the recent wildfires, floods, mudslides and debris flows that began on Dec. 4, 2017, including Form 5500... Read More
BY Ted Godbout | 1/19/2018
As a step toward increasing transparency, the Financial Industry Regulatory Authority (FINRA) for the first time has released its annual budget, showing that the 2018 budget does not include a fee... Read More
BY John Iekel | 1/18/2018
Implementation of the Department of Labor’s fiduciary rule has been delayed, and the rule may not have the teeth it originally did. But it would be a mistake to assume that means a complete demise... Read More
BY NAPA Net Staff | 1/16/2018
The advent of 2018 has brought new requirements for practitioners who contact the IRS Practitioner Priority Service line for assistance.RSM US LLP, part of a global network of independent audit, tax... Read More
BY Nevin E. Adams, JD | 1/8/2018
A change in methodology means that some plan sponsor clients will pay significantly less to fix plan mistakes through the Voluntary Correction Program (VCP) – but those with fewer than 100... Read More
BY Nevin E. Adams, JD | 12/28/2017
The Wall Street Journal says that “a significant number” of comments posted criticizing the fiduciary rule weren’t made by the individuals named — though it’s based on a pretty small sample.“... Read More
BY NAPA Net Staff | 12/26/2017
Before heading out of town for the Christmas holiday, the Senate managed to make some key regulatory agency confirmations.By voice vote on Dec. 21, the Senate approved Preston Rutledge to be... Read More
BY Ted Godbout | 12/26/2017
The Pension Benefit Guaranty Corporation has expanded its missing participants program to terminated 401(k) and other plans in an effort to make it easier for people to locate their retirement... Read More
BY Ted Godbout | 12/14/2017
The Senate Health, Education, Labor and Pensions Committee voted Dec. 13 to approve the nomination of Preston Rutledge to be Assistant Secretary of Labor, Employee Benefits Security Administration.... Read More
BY NAPA Net Staff | 12/8/2017
FINRA has published a report of insights drawn from recent examinations that the agency considers worth highlighting “due to their potential impact on investors and markets or the frequency with... Read More
BY Ted Godbout | 11/16/2017
While all eyes have been on the latest tax reform changes, there were two important hearings taking place on Capitol Hill Nov. 15 concerning the Labor Department.Labor Secretary Alexander Acosta... Read More
BY NAPA Net Staff | 11/14/2017
Retirement benefits are on the agenda in the IRS’ recently released 2017-2018 Priority Guidance Plan. The plan lists projects that the IRS says it hopes to complete by June 30, 2018, and sets forth... Read More
BY NAPA Net Staff | 11/9/2017
The Senate Health, Education Labor & Pensions (HELP) Committee will hold a hearing next week on several nominations, including a new potential Assistant Secretary of Labor, Employee Benefits... Read More
BY NAPA Net Staff | 11/7/2017
If past is precedent, then the Labor Department could expect to hear from the Office of Management and Budget (OMB) on its review of its proposed delay in applicability date for parts of the... Read More
BY NAPA Net Staff | 11/3/2017
While you were reading the House GOP's tax reform proposal, the Labor Department filed a rule with the Office of Management and Budget (OMB) for the official 18-month delay of its fiduciary rule.The... Read More
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