dol

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

DOL Announces 2022 Inflation Adjustments for Civil Penalties

The DOL has published several inflation-adjusted penalty amounts for certain failures associated with qualified retirement plans.

FuturePlan ERISA Team

DOL

Qualified Retirement Plan

EBSA Addresses COVID-19 Testing Coverage Questions

On January 10, 2022, the Department of Labor’s Employee Benefits Security Administration, issued a new set of FAQs.

FuturePlan ERISA Team

DOL

Health and Welfare

2021 Form 5500 Series Informational Copies Released

The Department of Labor’s EBSA, the IRS, and the PBGC jointly released the 2021 Form 5500, 2021 Form 5500-SF, and their respective instructions.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

DOL

DOL Releases Form 5500 Revisions for Multiple-Employer Plans

It specifically revises the Form 5500 and Form 5500-SF instructions for the 2021 reporting year for multiple-employer plans.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

DOL Issues “Supplemental Statement” to 2020 Information Letter

The Department of Labor’s Employee Benefit Security Administration (EBSA) has issued a supplemental statement to a June 2020 Information Letter.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

Fiduciary Issues

Committee Leaders Introduce Retirement Legislation in House

Leadership from the House Committee on Education and Labor and its Subcommittee on Health, Employment, Labor and Pensions have introduced the RISE Act to expand worker access to a secure retirement.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Legislative updates

SECURE Act

DOL Announces New Temporary Enforcement Policy

The DOL has extended the transitional relief under FAB 2018-02 and provided additional temporary non-enforcement guidance related to specific provisions of PTE 2020-02 in FAB 2021-02.

FuturePlan ERISA Team

DOL

Fiduciary Issues

DOL Flips Script with ESG Proposal

The Department of Labor (DOL) has issued a proposed rule, “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.”

FuturePlan ERISA Team

DOL

Fiduciary Issues

Form 5500 Changes Proposed

In September 2021, the DOL, IRS, and Pension Benefit Guaranty Corporation (PBGC), collectively referred to as the “Agencies”, released proposed changes to Form 5500, Annual Return/Report of Employee Benefit Plan.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

IRS

IRS Guidance

SECURE Act

Washington Pulse

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