The IRS has updated the content it provides through an issue snapshot on the deductibility of employer contributions to a 401(k) plan made after the end of the tax year. The refresh accounts for... Read More
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Regulatory Compliance
BY John Iekel | 10/9/2023
BY John Sullivan | 10/6/2023
House Education and the Workforce Committee Chairwoman Virginia Foxx, R-N.C., sent a letter to Employee Benefits Security Administration (EBSA) Assistant Secretary Lisa Gomez on Thursday that raises... Read More
BY John Sullivan | 10/5/2023
Citibank received a “groundbreaking Advisory Opinion” from the Department of Labor (DOL) regarding its Diverse Asset Manager Program and the ERISA plans it sponsors.
More specifically, the law... Read More
BY John Sullivan | 10/2/2023
October is cybersecurity month, “something that pairs nicely with Octoberfest,” American Retirement Association CEO Brian Graff joked during a panel called “Fulfilling Cybersecurity Oversight... Read More
BY John Sullivan | 9/29/2023
The Securities and Exchange Commission (SEC) doled out significant penalties to five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated investment... Read More
BY Nevin E. Adams, JD | 9/19/2023
Noting that “prolonged investigations carried out by federal agencies, such as EBSA, create tremendous strain on retirement plan sponsors,” two key House Republicans are pushing back.
In a Sept.... Read More
BY Andrew Remo | 8/31/2023
The American Retirement Association (ARA) was recently informed of a legal scheme in Texas—a community property state—that allows younger workers to raid up to 100% of their defined contribution (DC... Read More
BY John Iekel | 8/29/2023
The Department of Labor (DOL) on Aug. 28 announced that its Employee Benefits Security Administration (EBSA) will extend the grace period to obtain new Login.gov credentials for the ... Read More
BY John Sullivan | 8/27/2023
UPDATED: Find the IRS Announcement HERE
On Friday, the Internal Revenue Service (IRS) contacted the American Retirement Association (ARA) to clarify issues regarding erroneous notices sent to plan... Read More
BY Ted Godbout | 8/25/2023
While much of the focus on the Securities and Exchange Commission’s (SEC) latest rulemaking had to do with the changes impacting private funds, a provision buried in the guidance now requires all SEC... Read More
BY John Sullivan | 8/25/2023
The Internal Revenue Service (IRS) released guidance on Friday afternoon that addressed Section 603 of the SECURE 2.0 Act concerning Roth catch-up contributions.
The guidance grants a two-year... Read More
BY John Sullivan | 8/23/2023
An apparent electronic glitch with a regulatory filing system is confusing plan sponsors and advisors.
More specifically, the American Retirement Association (ARA) is hearing from many... Read More
BY Ted Godbout | 8/21/2023
Following a year that saw record increases for qualified retirement plan limits, an early projection suggests that the limits will increase, but not quite as significantly as this year. ... Read More
BY Ted Godbout | 8/21/2023
In what has been cited as a top concern of investment adviser compliance officers, the Securities and Exchange Commission on Aug. 21 announced charges against a New York-based fintech investment... Read More
BY NAPA Net Staff | 8/9/2023
That next wave of fiduciary litigation seems to be expanding, based on social media outreach by the law firm of Schlichter Bogard.
The litigation’s basis is found in the provisions of the... Read More
BY Ted Godbout | 8/9/2023
The Internal Revenue Service on Aug. 9 warned businesses and tax professionals to be alert to a range of compliance issues that can be associated with Employee Stock Ownership Plans (ESOPs).
“The... Read More
BY Ted Godbout | 7/17/2023
For the third year in a row, implementing the Securities and Exchange Commission’s marketing rule for investment advisers remains the No. 1 worry for investment adviser compliance officers, but that... Read More
BY John Iekel | 7/14/2023
The IRS on July 14 made multiple announcements concerning required minimum distributions (RMDs), including relief concerning RMDs and rollovers in accordance with Section 107 of SECURE 2.0. The... Read More
BY Ted Godbout | 7/11/2023
As a result of the use of an improper reporting threshold, Merrill Lynch has agreed to pay a cumulative $12 million fine to settle charges of failing to report hundreds of Suspicious Activity Reports... Read More
BY John Sullivan | 6/27/2023
A major cybersecurity breach involves one of the world’s largest pension funds.
CalPERS announced last week that approximately 769,000 retired members and their families had personal information... Read More
BY John Sullivan | 6/22/2023
Political risk as a pecuniary factor is one the rise, at least according to one large public pension fund. The New York State Common Retirement Fund announced on Thursday that it ... Read More
BY Ted Godbout | 6/9/2023
The Securities and Exchange Commission (SEC) is expanding the areas it plans to focus on during examinations of advisor compliance with the recently finalized marketing rule.
More specifically,... Read More
BY NAPA Net Staff | 6/3/2023
What's in the episode?:
“Our constituents are critically important to this country,” Investment Company Institute’s (ICI) Eric Pan tells Brian Graff in the latest episode of D.C. Pension Geeks... Read More
BY John Iekel | 5/26/2023
The IRS has issued guidance on Section 305 of SECURE 2.0 regarding the expansion of the Employee Plans Compliance Resolution System (EPCRS).
The guidance is contained in Notice 2023-43, which... Read More
BY John Iekel | 5/25/2023
Beginning June 1, 2023, the IRS is expanding its determination letter program to include certain 403(b) plans. The IRS issued a reminder May 24.
The IRS had announced on Nov. 7, 2022 in... Read More
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