A common question regarding the CARES Act distribution, loan and required minimum distribution (RMD) waiver provisions[i] is whether these provisions are optional or mandatory. In most cases,... Read More
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Regulatory Compliance
BY NAPA Net Staff | 4/10/2020
Under Notice 2020-23, released April 9, the extensions[i] generally now apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15,... Read More
BY Robert Richter | 4/9/2020
A common question regarding the CARES Act distribution, loan and required minimum distribution (RMD) waiver provisions[i] is whether these provisions are optional or mandatory. In most cases,... Read More
BY Martin L. Pippins | 4/8/2020
Last week the question arose as to whether retirement plan contributions for small businesses were covered under the CARES Act’s Paycheck Protection Program—now we have a definitive answer.
As was... Read More
BY Ted Godbout | 4/8/2020
The SEC announced April 7 that initial examinations under its Regulation Best Interest will focus on assessing whether broker-dealers have made a good-faith effort to comply with the regulatory... Read More
BY John Iekel | 3/31/2020
The American Retirement Association (ARA) on March 30 requested relief from the Department of Labor’s Employee Benefits Security Administration (EBSA) on certain ERISA notice and disclosure... Read More
BY Robert Richter | 3/30/2020
In the wake of the Coronavirus outbreak, one of the countless issues facing plan sponsors and practitioners alike is determining a participant’s employment status, more specifically whether there has... Read More
BY NAPA Net Staff | 3/25/2020
The recently announced extension of income tax filing deadlines will also give you more time to contribute to an IRA or health savings account, and for employers to make contributions to their... Read More
BY Ted Godbout | 3/25/2020
The American Retirement Association is calling on the Treasury Department to provide funding relief for DC plans to help employers facing significant financial burdens relating to the Coronavirus.... Read More
BY John Iekel | 3/18/2020
The challenges surrounding missing participants are growing. A recent Plan Sponsor Council of America (PSCA) webcast outlined what that means for plans and what plan sponsors and administrators can... Read More
BY Ted Godbout | 3/17/2020
Considering the ongoing and future business impacts of the coronavirus, the American Retirement Association asked the Treasury and DOL for relief from certain retirement plan filing deadlines.... Read More
BY John Iekel | 3/13/2020
The IRS announced on March 11 that high-deductible health plans (HDHPs) can pay for Coronavirus (COVID-19)-related testing and treatment without jeopardizing their qualified status. This also means... Read More
BY Nevin E. Adams, JD | 3/4/2020
The Securities and Exchange Commission has responded to suits filed against Reg BI by a group of states and the XYPN Network, arguing that the plaintiffs lack standing, and desire an outcome beyond... Read More
BY Ted Godbout | 3/3/2020
Citing current challenges to the existing “Names Rule,” the SEC is seeking comments on its requirements that restrict the use of potentially misleading fund names.
Since fund names are often the... Read More
BY Ted Godbout | 2/28/2020
Joining other states that are proposing various fiduciary standards, the Hawkeye State has proposed a regulation that would require annuity agents and securities agents to act in the best interest of... Read More
BY Ted Godbout | 2/24/2020
The Massachusetts Secretary of the Commonwealth has finalized a new fiduciary conduct standard, one that, consistent with the recommendation of the American Retirement Association, acknowledges ERISA... Read More
BY Ted Godbout | 2/11/2020
Noting that it often receives questions about required minimum distributions (RMDs) around tax time, FINRA has released an Investor Alert outlining 10 common questions about RMDs. ... Read More
BY John Iekel | 1/28/2020
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... Read More
BY Ted Godbout | 1/16/2020
Prudential Investment Management has entered into a settlement agreement with the Financial Industry Regulatory Authority over alleged rule violations concerning retirement plan communications.... Read More
BY Ted Godbout | 1/10/2020
As part of FINRA’s risk monitoring and examination priorities for 2020, new for this year will be a focus on the SEC’s Regulation Best Interest and Form CRS.
In the organization’s 2020 Risk... Read More
BY NAPA Net Staff | 1/3/2020
The Securities and Exchange Commission has charged an advisor for receiving millions of dollars in undisclosed compensation and other benefits for recommending certain investment products while... Read More
BY Ted Godbout | 12/13/2019
FINRA’s three examination functions will be consolidated into a single, unified program beginning with 2020 exams, according to a Dec. 12 announcement.
Fulfilling a process that was... Read More
BY David N. Levine and Kevin L. Walsh | 12/12/2019
Who will be inaugurated as President of the United States on Jan. 21, 2021, directly impacts Americans’ lives in many ways, including guidance from the Department of Labor and the Internal Revenue... Read More
BY John Ortman | 12/12/2019
The IRS has extended by 2 years the deadline for amending pre-approved plans to adopt provisions allowed in last September’s final hardship withdrawal regulations. The extension is set forth in IRS... Read More
BY Andrew Remo | 12/4/2019
The Bay State’s Securities Division of the Office of the Secretary of the Commonwealth has formally released new proposed fiduciary conduct standards for broker-dealers, agents, investment... Read More
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