Showing entries with the topic “Legislative/Regulatory”.
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May 2019Interest Rates: Lower for Longer
Following a seven year period of no interest rate hikes coming out of the 2008 recession, the Fed has been slowly and steadily raising rates since 2015. We explore why interest rates may remain low, or potentially go lower, in the near future.
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Mar 2019The Defined Benefit (DB) Lawsuits: Why There May Be Widespread Implications
Several lawsuits have been filed recently claiming that the use of outdated mortality tables led to lower retirement pension plan benefit payments. While these suits were filed against large corporate plan sponsors, they could have far-reaching consequences
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Mar 2019403(b) Retirement Plan Fee Litigation: An Update
More than 20 private universities and five healthcare systems have been sued over retirement plan fees since 2016, making fee litigation an important topic for retirement plan sponsors. We review the common claims of the suits and provide an update on the status of each.
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Jan 20192019 403(b) Compliance Calendar
The 2019 Retirement Plan Compliance Calendar highlights critical compliance deadlines for defined contribution retirement plans. While we have covered all of the major dates, some may only apply to particular plan types (and are noted accordingly) and there may be additional deadlines for specific p…
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Jan 20192019 401(k) ERISA Retirement Plan Calendar
The 2019 401(k) ERISA Retirement Plan Compliance Calendar highlights the critical compliance deadlines for ERISA 401k(k) defined contribution retirement plans. While we have covered all of the major dates, some may only apply to particular plan types (and are noted accordingly) and there may be addi…
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Dec 2018Delivering Retirement Benefits to Healthcare and Higher Education Employees
As the retirement plan space continues to evolve, so do the trends and best practices. We explore some of these as they relate to delivering retirement benefits to healthcare and higher education employees.
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Nov 2018Minimum Distribution Problems—Why Most Retirement Plans Have Them and What Can Be Done About It
The minimum distribution requirements of Internal Revenue Code Section 401(a)(9) generally require that retirement plan participants withdraw at least a small portion of their account balances by April 1st of the year in which they turn 70½ or retire.
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Nov 2018Chart of the Month: Cash Is No Longer Trash
Short-term interest rates have soared to their highest level in nearly a decade as the Federal Reserve continues to normalize interest rates.
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Nov 2018Compliance Alert: The New Hardship Regulations are Here!
As you may be aware from our prior Top of Mind blog entry, the Bipartisan Budget Act of 2018 (more commonly known as the tax reform bill) changed a number of hardship distribution provisions, effective 1/1/2019, that would be applicable to all plans that permit distributions on account of hardship.
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Nov 2018Compliance Alert: IRS Announces New Retirement Plan Limits for 2019
On November 1 2019, the IRS announced the new 2019 retirement plan limits. The good news is that the applicable cost of living index did increase sufficiently for many standard limits to increase for 2019. The elective deferral limit under 402(g), for example, increased by $500 to $19,000 ($25,000 i…
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