futureplan erisa team

Comment Period for Prohibited Transaction Exemption Guidance Extended

The DOL’s Employee Benefit Security Administration has announced the extension of the public comment period for proposed amendments to procedures governing the filing and processing of prohibited transaction exemption applications.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

Protecting America’s Retirement Security Act Approved by Committee

The House Committee on Education and Labor approved to release the Protecting America’s Retirement Security Act without amendments to the House floor for consideration.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

DOL

Protecting America’s Retirement Security Act Introduced

Representative Lucy McBath (D-GA) and five other Democratic co-sponsors have introduced the Protecting America’s Retirement Security Act in the House of Representatives.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

Health Care Equality and Modernization Act Introduced

Representative Peter Sessions introduced the Health Care Equality and Modernization Act of 2022 (the “Act”) in the House of Representatives.

FuturePlan ERISA Team

Healthcare Reform

HSA

Legislative updates

Deadline Relief for Puerto Rico for Severe Storms

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for victims of severe storms, flooding, and landslides in Puerto Rico.

FuturePlan ERISA Team

IRS

IRS Guidance

House Passes Retirement Reform Proposal

The House of Representatives has passed the Securing a Strong Retirement Act of 2022 (which lawmakers are coining SECURE 2.0) by a 414-5 vote.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

Defined Benefit Plan

IRA

IRS Issues Proposed MEP Rule

The IRS has released a proposed rule regarding the “unified plan rule” (also referred to as “one bad apple rule”) for multiple employer plans (MEPs).

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Long-Term Care Affordability Act Introduced

Representative Ann Wagner has introduced the Long-Term Care Affordability Act to allow distributions from retirement accounts for the payment of long-term care insurance coverage.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

Enhancing Emergency and Retirement Savings Act Introduced

Representative Brad Wenstrup has introduced the Enhancing Emergency and Retirement Savings Act of 2022 to provide flexibility and access for those who experience unexpected emergencies.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

SEC Proposes ESG Reporting for Publicly Traded Companies

The SEC has issued a proposed rule that would require publicly traded companies to include certain climate-related disclosures in their registration statements and periodic reports.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

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