defined contribution plan

DOL Releases Proposed Amendment to QPAM Exemption

The Department of Labor has announced a proposed amendment to the Class Prohibited Transaction Exemption 84-14, also known as the Qualified Professional Asset Manager (QPAM) Exemption.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Temporary Waiver of RMDs Proposed in House

Representative Warren Davidson (R-OH) has introduced HR 8331, a bill that would provide for a suspension of RMDs from retirement plans and IRAs for the 2022 calendar year.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

Proposed Amendment for QPAM Exemptions Has Left OMB

A Proposed Rule titled “Proposed Amendment to PTE 84-14 for Plan Asset Transactions Determined by an Independent Qualified Plan Asset Manager” (QPAM) has left the Office of Management and Budget.

FuturePlan ERISA Team

DOL

IRA

HSA

Defined Contribution Plan

DOL Releases Spring 2022 Regulatory Agenda

The Department of Labor has posted online its upcoming guidance priorities.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Senate Finance Committee Advances EARN Act

The Senate Finance Committee conducted a hearing today to consider the Enhancing American Retirement Now (EARN) Act.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

Legislative updates

Big Changes May be in Store for the Davis-Bacon Act

The Davis-Bacon Act (DBA) has played a major role in the construction industry for over 90 years.

FuturePlan ERISA Team

Washington Pulse

Defined Contribution Plan

DOL

Starter-K Companion Legislation Introduced in House

Representatives Linda T. Sánchez (D-CA) and Darin LaHood (R-IL) introduced the Starter-K Act, legislation intending to expand access to retirement savings for more Americans.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

Auto-Portability Legislation Introduced

Senators Tim Scott (R-SC) and Sherrod Brown (D-OH) have introduced the Advancing Auto Portability Act of 2022.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

IRS Announces Pre-Examination Compliance Pilot

The IRS is piloting a pre-examination retirement plan compliance program beginning in June 2022.

FuturePlan ERISA Team

Defined contribution plan

IRS

Financial Freedom Act Proposed in House

Representative Byron Donalds (R-FL) and several Republican co-sponsors have introduced HR 7860, the Financial Freedom Act of 2022.

FuturePlan ERISA Team

Legislative updates

DOL

Defined Contribution Plan

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