defined benefit plan

DOL Final ESG Guidance Published

The DOL’s final rule on environmental, social, and governance (ESG) investments is published in the Federal Register.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

Fiduciary Issues

DOL Releases Final ESG Guidance

The DOL has posted a final rule regarding guidance initially focused on restricting the use of environmental, social, and governance (ESG) investments.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

Fiduciary Issues

Updated Yield Curves and Segment Rates for DB Plans

The IRS has posted Notice 2020-77, guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

Defined Benefit Plan

PBGC’s November Interest Rate Assumptions for DB Calculations

Interest assumptions for benefit payments with valuation dates in November 2020 to be published in the October 15, 2020 Federal Register.

FuturePlan ERISA Team

Defined Benefit Plan

Treasury and SBA Announce Simpler PPP Loan Forgiveness Form

Treasury and SBA have announced a “simpler” version of the form used by recipients of Paycheck Protection Program (PPP) business loans of $50,000 or less to request loan forgiveness.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

COVID-19

House Passes Revised Pandemic Relief Bill, Disagreements Remain

The House of Representatives has passed a revised version of the HEROES Act estimated at $2.2 trillion to provide pandemic relief.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

COVID-19

SECURE Act

Health and Welfare

Prospects Questionable for New Pandemic Relief Bill

The House of Representatives has released text of a revised COVID-19 pandemic relief bill, expected to be voted on this week before the House recesses for pre-election campaigning.

FuturePlan ERISA Team

Legislative updates

Defined Benefit Plan

Defined Contribution Plan

Default Withholding Rate for Periodic Retirement Plan Distributions

The IRS has issued a pre-publication version of final regulations on the default tax withholding rate to be applied to periodic and annuitized distributions from retirement plans.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Defined Contribution Plan

House Bankruptcy Bill Would Impact Retirement Plans

H.R. 7370, the Protecting Employees and Retirees in Business Bankruptcies Act of 2020, has been introduced by Rep. Jerrold Nadler (D-NY).

FuturePlan ERISA Team

Legislative updates

Defined Benefit Plan

Defined Contribution Plan

IRS Announces Deadline Relief for Alabama Victims of Hurricane Sally

The IRS has announced an extension of deadlines for completing certain time-sensitive tax-related acts for Alabama victims of Hurricane Sally.

FuturePlan ERISA Team

IRS

Defined Benefit Plan

Defined Contribution Plan

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