For those who don’t like much change, the IRS has some good news for you.In Notice 2016-62 the Internal Revenue Service has announced cost of living adjustments affecting dollar limitations for... Read More
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Regulatory Compliance
BY NAPA Net Staff | 10/24/2016
Less than two weeks after the American Retirement Association requested relief, the IRS stepped up and provided it.In IRS Announcement 2016-39, the Internal Revenue Service announced that 401(k)s and... Read More
BY NAPA Net Staff | 10/21/2016
In a new blog post, ERISA attorney Fred Reish deals with the new rules around differential compensation under the Labor Department’s fiduciary rule.Reish notes that the DOL’s fiduciary “package” (as... Read More
BY NAPA Net Staff | 10/18/2016
The IRS had some good news for Form 5500 filers last week.The IRS has decided that filers should not answer compliance questions to Forms 5500, 5500-SF and 5500-EZ, as well as Schedules H, I and R,... Read More
BY NAPA Net Staff | 10/14/2016
The Securities and Exchange Commission has voted to adopt changes to “modernize and enhance” reporting and disclosure of information by registered investment companies and to enhance liquidity risk... Read More
BY NAPA Net Staff | 10/12/2016
One of the biggest changes ahead for some advisers because of the fiduciary prohibited transaction rules is that they will no longer be able to make recommendations that can affect the level of their... Read More
BY NAPA Net Staff | 10/7/2016
Think you’ll find rollovers more complicated under the Labor Department’s fiduciary regulation? You aren’t alone.In a recent blog post, ERISA attorney Fred Reish notes that banks, as well as advisors... Read More
BY NAPA Net Staff | 10/5/2016
The IRS has updated its online information on retirement plan correction procedures to reflect recent changes to the Employee Plans Compliance Resolution System (EPCRS).Those changes were made by Rev... Read More
BY NAPA Net Staff | 9/30/2016
What will the fiduciary regulation require from investment advice fiduciaries?While most of the requirements in the new fiduciary rule and exemptions are “old news” for retirement plan advisers, they... Read More
BY NAPA Net Staff | 9/30/2016
The Securities and Exchange Commission (SEC) Division of Corporate Finance has provided some comfort for those who offer self-directed brokerage accounts.The Compliance and Disclosure Interpretation... Read More
BY NAPA Net Staff | 9/28/2016
On Sept. 27, 2016, the American Retirement Association filed a comment letter in response to a proposed regulation promulgated by the Department of Labor that would expand the non-ERISA safe harbor... Read More
BY NAPA Net Staff | 9/26/2016
Sometimes, plan sponsors don’t follow the terms of their plan document when it comes to hardship distributions, and that can jeopardize the tax-qualified status of the plan. Here’s what the IRS says... Read More
BY NAPA Net Staff | 9/21/2016
Benefits consultant Mercer has projected the contribution and benefit limits for retirement plans for 2017. Mercer projects qualified DC plan elective deferral and catch-up contribution limits and... Read More
BY NAPA Net Staff | 9/19/2016
With the IRS having already announced a relaxation in certain restrictions on plan loans and hardships for those impacted by the flooding in Louisiana, the Labor Department has announced some... Read More
BY NAPA Net Staff | 9/19/2016
Having heightened plan sponsor worries with changes to its determination letter program, the Internal Revenue Service now says it is looking for ways to make things easier.In Announcement 2016-32 the... Read More
BY Ray Harmon | 9/14/2016
Broker-dealers and registered representatives must link to FINRA’s BrokerCheck website on their home pages and any pages on their websites featuring profiles of representatives who work with retail... Read More
BY NAPA Net Staff | 9/13/2016
Having previously written about how advisers can use the “hire me” approach to explain their services and fees without becoming a fiduciary, ERISA attorney Fred Reish outlines some clarifications on... Read More
BY NAPA Net Staff | 9/6/2016
While advisors, broker-dealers, and RIAs continue to make preparations for the new fiduciary regulation, what might those changes mean for plan committees?In a recent ERISA Law Newsletter by the... Read More
BY NAPA Net Staff | 9/2/2016
Much attention has been given to the new fiduciary rules (applicable April 10, 2017) for recommending distributions from retirement plans and rollovers to IRAs – but what about a recommendation to... Read More
BY Nevin E. Adams, JD | 9/2/2016
While the industry has spent a lot of time, energy, effort and money getting ready for the Labor Department’s fiduciary regulation, four of the nation’s leading ERISA legal experts offer some final... Read More
BY Nevin E. Adams, JD | 9/1/2016
While the industry has spent a lot of time, energy, effort – and money – getting ready for the Labor Department’s fiduciary regulation, what will we make of it five years from now? Four of the nation... Read More
BY Nevin E. Adams, JD | 8/31/2016
What are advisors not (yet) focusing on in the fiduciary regulation that they should be? Four of the nation’s leading ERISA legal experts – former Assistant Secretary of Labor Brad Campbell (now with... Read More
BY Nevin E. Adams, JD | 8/30/2016
Four of the nation’s leading ERISA legal experts – former Assistant Secretary of Labor Brad Campbell (now with Drinker Biddle & Reath), Groom Law’s David Levine, Marcia Wagner of the Wagner Law... Read More
BY NAPA Net Staff | 8/30/2016
The Internal Revenue Service has announced a significant relaxation in the restrictions that normally apply to plan loans and hardship distributions to Louisiana flood victims and members of their... Read More
BY NAPA Net Staff | 8/30/2016
Read our four-part series featuring the takes of four leading ERISA experts here, here, here and here.
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