The Department of Labor announced Oct. 29 that it has published employee benefit plan compliance guidance and relief for victims of recent Hurricanes Florence and Michael.The relief includes easing... Read More
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Regulatory Compliance
BY Ted Godbout | 10/19/2018
The federal government’s updated unified regulatory agenda has shed light on the status of the Securities and Exchange Commission’s and Department of Labor’s efforts on investment advice and the now-... Read More
BY John Iekel | 10/19/2018
The American Retirement Association filed a comment letter Oct. 19 with the New Jersey Bureau of Securities concerning the fiduciary conduct standards the state government is considering, Gov. Phil... Read More
BY NAPA Net Staff | 10/18/2018
The IRS has provided additional relief for taxpayers affected by Hurricanes Florence and Michael, and the Securities and Exchange Commission has provided regulatory relief to financial entities and... Read More
BY NAPA Net Staff | 10/18/2018
Apparently neither rain, nor snow – nor voodoo spells – can thwart an SEC investigation.At least they didn’t in the case involving advisor and radio host Dawn J. Bennett, 56, of Chevy Chase, MD, who... Read More
BY John Iekel | 10/15/2018
The IRS announced Oct. 12 that it has granted tax relief to certain victims of Hurricane Michael in Florida. The IRS action includes relief from penalties on payroll and excise tax deposits due on or... Read More
BY John Iekel | 10/15/2018
The IRS announced Oct. 12 that it has granted tax relief to certain victims of Hurricane Michael in Florida. The IRS action includes relief from penalties on payroll and excise tax deposits due on or... Read More
BY Ted Godbout | 10/11/2018
Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8% in 2019, the Social Security Administration announced today.The 2.8% cost-of-... Read More
BY John Iekel | 10/9/2018
On Oct. 5, 2018, the American Retirement Association (ARA) filed a comment letter with Carol Weiser, Acting Benefits Tax Counsel at the Treasury Department, with recommendations on the implementation... Read More
BY NAPA Net Staff | 10/5/2018
The American Retirement Association has formally requested relief for taxpayers and service providers adversely affected by Hurricane Florence.Specifically, the letter requests relief for taxpayers... Read More
BY NAPA Net Staff | 10/1/2018
If your plan sponsor clients (or TPA partners) need to make a voluntary correction for a plan error, they’ll soon have to do so online.The Internal Revenue Service has released a new revenue... Read More
BY NAPA Net Staff | 9/27/2018
Although recently overshadowed by the buzz around multiple employer plans, the American Retirement Association recently met with the Labor Department about another aspect of President Trump’s Aug. 31... Read More
BY NAPA Net Staff | 9/25/2018
Unfazed by the Trump administration’s acquiescence to the 5th U.S. Circuit Court of Appeals’ ruling vacating the DOL’s fiduciary rule, the Garden State is forging ahead with its own standard.New... Read More
BY NAPA Net Staff | 9/24/2018
While the official determinations won’t be made until next month, an early projection suggests that nearly all qualified plan limits will increase next year.Using the Internal Revenue Code's cost-of-... Read More
BY NAPA Net Staff | 9/24/2018
The DOL fiduciary rule may be moribund, but that doesn’t mean that investment fiduciary standards are — including best interest standards. A recent blog post by Fred Reish discusses how to best meet... Read More
BY NAPA Net Staff | 9/19/2018
The rules on rollovers have changed – most recently as a part of tax reform – and the IRS has now updated the safe harbor notices.IRS Notice 2018-74 modifies the two safe harbor explanations in... Read More
BY Ted Godbout | 9/5/2018
A component of President Trump’s retirement security Executive Order is to review the required minimum distribution (RMD) rules to see if they may be forcing Americans to make unnecessary withdrawals... Read More
BY Nevin E. Adams, JD | 9/4/2018
President Trump’s Executive Order has three specific directives – and some specific timetables for action on those directives.The Executive Order begins by stating, “It shall be the policy of the... Read More
BY Nevin E. Adams, JD | 9/4/2018
Over the coming weeks, a question that you’re likely to see posed (again and again) about the President’s Executive Order is – “will it work?”“Work” in this case means to expand access to workplace... Read More
BY Nevin E. Adams, JD | 8/31/2018
President Trump has given the anticipated boost to multiple employer plans (MEPs), while also offering the prospects for some distribution relief for participants – and even some help on electronic... Read More
BY Nevin E. Adams, JD | 8/27/2018
The Chairman of the Securities and Exchange Commission (SEC) has just finished a series of “Main Street” roundtables – here’s what he learned.In a public statement on the investor roundtables... Read More
BY Ted Godbout | 8/27/2018
Among other things, tax reform made changes to the treatment of executive compensation – now the IRS has clarified some aspects – and taken a firmer position than some had hoped on so-called “... Read More
BY NAPA Net Staff | 8/14/2018
The Securities and Exchange Commission (SEC) may have labeled its interpretation of the standard of care for RIAs as a “proposal” – but was it more than that?According to a recent blog post on the... Read More
BY NAPA Net Staff | 8/13/2018
As the deadline closed, New York’s Attorney General filed comments with the Securities and Exchange Commission largely dismissive of the proposed Regulation Best Interest – and she’s done so with a... Read More
BY David Levine, JD | 8/9/2018
Well, here we go again. After years and years spent on the fiduciary rule, we’re back to the start. It truly is "Groundhog Day." At this point, we can all make guesses, but I’m going to refrain from... Read More
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