For the first time in more than a decade, the IRS has published an update for its Audit Technique Guide for Nonqualified Deferred Compensation Plans. What do advisors need to know?An analysis by... Read More
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Regulatory Compliance
BY NAPA Net Staff | 6/12/2015
In its current form, the Labor Department’s fiduciary reproposal would “lock out” American small businesses from retirement plans, a new report says.The paper notes that small business owners,... Read More
BY NAPA Net Staff | 6/11/2015
The Department of Labor intends to finalize its re-proposed rule defining a fiduciary in May of next year, Groom Law Group Chairman Steve Saxon said on June 8. Saxon made his remarks at the SPARK... Read More
BY NAPA Net Staff | 5/29/2015
In what was described as a case of the “fox guarding the henhouse,” the SEC has announced fraud charges against a man who allegedly abused his position as compliance director to cover up an... Read More
BY NAPA Net Staff | 5/13/2015
After four years at the SEC, Commissioner Daniel Gallagher plans to resign, Bloomberg reported May 12. He will stay on the job until a successor is confirmed by the U.S. Senate.Gallagher is a harsh... Read More
BY Brian Graff | 5/8/2015
Registered investment advisors may be thinking that the Department of Labor’s proposed “conflict of interest” regulation doesn’t have an impact on them. After all, they are... Read More
BY Nevin E. Adams, JD | 5/8/2015
Eighteen Democrats in the U.S. House of Representatives have signed a letter urging the DOL to extend the comment period for its April 14 “conflict of interest” rule from 75 days to 120... Read More
BY NAPA Net Staff | 4/27/2015
There are three standards of care applicable today to interactions between financial advisors and their clients — and the DOL’s conflict-of-interest proposal stands to add a fourth.In... Read More
BY NAPA Net Staff | 4/22/2015
The IRS has just issued final regulations of interest to advisors that work with executive benefit plans.The regulations have implications for the use of restricted stock units and other similar... Read More
BY NAPA Net Staff | 4/17/2015
FINRA's Board of Governors decided to move forward with proposed changes to the industry-funded regulatory group's "Communications with the Public' rules at its April 16 meeting.... Read More
BY Nevin E. Adams, JD | 4/16/2015
In the wake of several EEOC lawsuits regarding employer-based wellness programs, the Obama administration has issued guidance on how to avoid running afoul of nondiscrimination laws.As advisors know... Read More
BY Nevin E. Adams, JD | 4/15/2015
Industry insider and fiduciary geek Pete Swisher has penned a timely and insightful piece on the history and potential future impact of the Department of Labor’s new “conflict of interest... Read More
BY Nevin E. Adams, JD | 4/14/2015
It’s been a long time coming, but after a nearly five-year odyssey the Department of Labor on April 14 unveiled a proposed regulation that redefines who a plan fiduciary is — and makes it... Read More
BY John Ortman | 4/8/2015
As part of its exam cycle, the SEC is reviewing the “entire spectrum of 12b-1 fees,” according Marc Wyatt, deputy director of the agency’s Office of Compliance Inspections and... Read More
BY Nevin E. Adams, JD | 4/3/2015
Plans that have, or have been contemplating, automatic enrollment features just got some good news from the Internal Revenue Service.In Rev. Proc. 2015-28, issued April 2, the IRS provided new safe... Read More
BY NAPA Net Staff | 4/1/2015
The Internal Revenue Service is moving to make it easier – and in some cases cheaper – to remedy plan problems with participant loans.In Revenue Procedure 2015-27, the IRS said it is... Read More
BY NAPA Net Staff | 3/18/2015
Your plan sponsor clients just got a little more breathing room on those annual 401(k) plan investment notices.The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has... Read More
BY NAPA Net Staff | 2/5/2015
The IRS has outlined some errors of omission — or commission — that could draw audit scrutiny for your plan sponsor clients. Specifically, the IRS cautions that entering incorrect... Read More
BY NAPA Net Staff | 1/2/2015
Have the retirement plans you work with had a checkup in the last year? If not, the IRS says one could be overdue. For example, the IRS asks: Has the plan document been updated within the past... Read More
BY NAPA Net Staff | 12/17/2014
The IRS has released some key end-of-year reminders for holders of IRAs. Advisors and others who deal with IRAs may find the information in Special Edition Tax Tip 2014-24 useful to share with... Read More
BY NAPA Net Staff | 12/1/2014
The IRS has amended the safe harbor explanations provided with eligible rollover distributions to accommodate recent guidance on in-plan Roth rollovers and the allocation of taxable amounts. Notice... Read More
BY NAPA Net Staff | 11/13/2014
From a post on BenefitsPro by Heidi L. LaMarca of the Atlanta-based CPA firm of Windham Brannon, here is a list of the top 10 mistakes auditors catch: Late or erratic... Read More
BY Nevin E. Adams, JD | 11/11/2014
The IRS issued a clarification Nov. 10 on the application of the one-per-year limit on IRA rollovers. In Announcement 2014-32, the IRS said it had received comments about the “administrative... Read More
BY Nevin E. Adams, JD | 10/24/2014
Plans interested in providing lifetime income alternatives via target-date funds that include deferred annuities just got some much-needed clarity from the IRS. In Notice 2014-66, the IRS provides a... Read More
BY Nevin E. Adams, JD | 9/29/2014
If you work with a plan in, or with certain connections to, the state of Florida, you may have a compliance problem with your plan loans. An update from Bryan Cave, LLP notes that under its... Read More
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