regulatory updates

COVID Relief and Government Funding Legislation Delayed

Legislation for a new round of economic relief for victims of the COVID-19 pandemic and extend funding for federal government agencies remains in pending status.

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

Defined Contribution Plan

Health and Welfare

Legislative updates

IRS Extends Temporary Relief for Remote Notarization

The IRS has extended temporary relief from the physical presence requirements for certain elections made by participants and beneficiaries.

FuturePlan ERISA Team

Retirement

Tax Qualified

Investment Advice Fiduciary Class Exemption Published

Investment Advice Fiduciary Class Exemption Published, Effective Date Set

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Fiduciary Issues

IRA

Final Regulations for Group Health Plan Grandfathered Status

Final regulations expand flexibility of grandfathered group health plans and grandfathered group health insurance coverage.

FuturePlan ERISA Team

Health and Welfare

Congress Approves Additional COVID Relief

Agreement reached on a new round of economic relief for victims of the COVID-19 pandemic.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

Health and Welfare

Legislative updates

IRS Announces Deadline Relief for Alabama Hurricane Zeta Victims

The IRS announced the postponement of certain tax-related deadlines for Alabama victims of Hurricane Zeta. 

FuturePlan ERISA Team

IRA

Defined Benefit Plan

Defined Contribution Plan

IRS Guidance

Terminating Custodial 403(b) Plans Get Distribution Relief

The IRS has issued Revenue Ruling 2020-23 to address how employers may terminate 403(b) plans that contain custodial accounts. 

FuturePlan ERISA Team

IRS

IRS Guidance

DOL Issues Investment Advice Fiduciary Class Exemption

The EBSA has issued the long-awaited Prohibited Transaction Exemption providing guidance to investment advisors who counsel retirement and other investors. 

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Fiduciary Issues

IRA

Proposed Changes to HIPAA Privacy Rule Announced

The Office of Civil Rights has announced proposed changes to the HIPAA Privacy Rule. 

FuturePlan ERISA Team

Health and Welfare

IRS Posts Updated DB Plan Yield Curves and Segment Rates

The IRS has posted Notice 2020-87, guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations. 

FuturePlan ERISA Team

Defined Benefit Plan

IRS

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