The IRS on Dec. 5 issued the 2024 required amendments (RA) list for qualified plans and 403 (b)s. The list is contained in Notice 2024-82.
The GAO report also cited guidance from the Employee Benefits Security Administration (EBSA). In March 2022, EBSA issued guidance that encourages plan fiduciaries to exercise extreme care before they ...
The Pension Benefit Guaranty Corporation (PBGC) on Dec. 4 issued a final rule that amends its Privacy Act regulation to exempt a system of records that supports law enforcement investigations through ...
The Department of Labor (DOL) might soon release long-awaited changes to the Voluntary Fiduciary Correction Program (VFCP) that should help plan sponsors and providers. The Department of Labor (DOL) ...
The PBGC says that it is taking responsibility for the plan because St. Joseph Health Services has ceased operations and is liquidating. It adds that the plan has been unable to fund the minimum ...
Kodak will begin selling illiquid assets in the Kodak Retirement Income Plan (KRIP) and has instructed its pension committee to “take actions appropriate to position KRIP for a potential termination.” ...
Specifically, the study found that opting out of automatic enrollment and escalation; the propensity to save absent automatic features; and losing unvested employer contributions and cashing out an ...
Be creative. Hoying remarked at the session offering tips and strategies that models are emerging regarding how different services affect different industries; McKay, at the best practices session ...
Opinion letter applications were filed with the IRS for the second remedial amendment cycle (Cycle 2) under the remedial amendment cycle system for 403 (b) pre-approved plans established under Revenue ...
The IRS also notes that IRA holders have until April 15, 2025 — the due date for filing 2024 tax returns — to set up a new IRA or add money to an existing IRA for 2024. It adds that both Roth and ...
Early in 2024, the IRS had announced that it was postponing electronic filing of the Form 5558 through the Department of Labor's (DOL) EFAST 2 system until Jan. 1, 2025. It said the delay was due to ...
President-elect Trump on Nov. 22 announced that former Rep. Lori Chavez-DeRemer (R-Ore.) and hedge fund manager Scott Bessent are his nominations to serve as Secretary of Labor and Treasury Secretary, ...