secure act

Compatibility of Pre-Approved Plan Documents and PEPs

The IRS has revealed that pre-approved qualified retirement plan documents may be used to establish arrangements known as pooled employer plans, or PEPs. 

FuturePlan ERISA Team

Defined Contribution Plan

IRS

SECURE Act

New guidance for Traditional and QACA Safe Harbor Plans

The SECURE Act makes it easier for employers to adopt ADP/ACP safe harbor plan provisions. These plans have proven popular with many employers. 

FuturePlan ERISA Team

Retirement Spotlight

SECURE Act

IRS

IRS Guidance

Defined Contribution Plan

DOL Releases Final Rule for Pooled Plan Provider Registration

The DOL has issued final regulations on registering as a pooled plan provider (PPP), which is one of the initial steps that such providers must take before offering PEPs.

FuturePlan ERISA Team

Washington Pulse

DOL

SECURE Act

Defined Contribution Plan

Provisions for 401(k)/403(b) Safe Harbor SECURE Act

The IRS has issued Notice 2020-86, with guidance for implementing provisions of the SECURE Act of 2019.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

SECURE Act

In-Kind Distribution of Terminating 403(b) Accounts

The IRS has issued a ruling describing the status and tax treatment of certain 403(b)(7) custodial accounts belonging to participants or beneficiaries of terminating 403(b) plans.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

SECURE Act

Sequel to SECURE Act Introduced

Richard Neal (D-MA) and Kevin Brady (R-TX) have introduced the Securing a Strong Retirement Act of 2020, described as building on major retirement legislation enacted in December 2019.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

SECURE Act

Legislative updates

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

Washington Pulse: IRS Provides Additional SECURE Act Guidance

IRS Notice 2020-68 provides guidance on the SECURE Act, and on the Bipartisan American Miners Act, which is also part of FCAA.

FuturePlan ERISA Team

Washington Pulse

IRS

SECURE Act

Miners Act

FCAA

Interim Final Rule Published for Lifetime Income Projections

A DOL EBSA interim final rule is published in the Federal Register to guide DC retirement plans that must furnish projections of potential lifetime income streams to participants

FuturePlan ERISA Team

Defined Contribution Plan

DOL

SECURE Act

Senate Vote Fails to Advance Next COVID-19 Aid Package

The Delivering Immediate Relief to America’s Families, Schools and Small Businesses Act (S.178), did not receive the votes needed to proceed to a final vote on the package.

FuturePlan ERISA Team

529 account

COVID-19

Defined Contribution Plan

Legislative updates

SECURE Act

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