News

DOL Issues RFI

The Department of Labor has published a RFI seeking what actions, if any, the department should take to protect retirement savings from risks associated with climate change.

FuturePlan ERISA Team

DOL

Defined Benefit Plan

Defined Contribution Plan

SEC Proposes Requirements to Mitigate Cybersecurity Threats

The Securities and Exchange Commission (SEC) has released a proposed rule “Cybersecurity Risk Management for Investment Advisers, Registered Investment Companies, and Business Development Companies”.

FuturePlan ERISA Team

New Guidance Related to Over-the-Counter COVID-19 Tests

Group health plans and health insurance issuers must provide benefits for certain items and services related to testing for the detection and diagnosis of COVID-19.

FuturePlan ERISA Team

COVID-19

Health and Welfare

DOL

Legislation Proposed to Permit HSAs for Children

The Child Health Savings Account Act of 2022 would expand HSA contribution eligibility requirements by allowing parents to contribute and deduct up to $3,000 each year to their childrens’ HSAs.

FuturePlan ERISA Team

Health and Welfare

Legislative updates

HSA

Legislation Proposed to Expand Group Health Plan Coverage

The Family Plus Health Care Act of 2022 (H.R. 6508) aims to expand group health plan coverage.

FuturePlan ERISA Team

Health and Welfare

Legislative updates

2022 Cumulative List of Changes for Pre-Approved 403(b) Plans

The IRS has issued Notice 2022-8, which contains the 2022 cumulative list of changes in requirements that must be taken into account by drafters of pre-approved 403(b) retirement plan documents for Cycle 2.

FuturePlan ERISA Team

IRS

IRS Guidance

FuturePlan by Ascensus Appoints Carlo Guerrera Head of Institutional Sales

Experienced Sales Leader Will Expand Institutional Product Pipeline and Industry Partnerships

FuturePlan

Corporate Culture

Updated Yield Curves and Segment Rates for DB Plans

The IRS has issued Notice 2022-7, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

PBGC’s 2022 Inflation Adjustments for Civil Penalties

The PBGC has published inflation-adjusted penalty amounts for failure to provide certain notices or other material information.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Issues Deadline Relief for Tennessee Storm Victims

The IRS postpones certain tax-related deadlines for Tennessee storm victims.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

HSA

Defined Contribution Plan

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