Industry & Regulatory News
House Passes H.R. 88 With Savings Provisions, Up for Senate Consideration
In a vote on December 20, the U.S. House of Representatives passed H.R. 88, titled the “Retirement, Savings, and Other Tax Relief Act of 2018.”…
Industry & Regulatory News
Comprehensive Retirement Savings Enhancement Bill Introduced
Senators Rob Portman (R-OH) and Ben Cardin (D-MD) have announced joint sponsorship of legislation with retirement plan implications: the Retirement Security and Savings Act of…
Industry & Regulatory News
Bill Would Allow Matching Contributions on Student Loan Payments
The Retirement Parity for Student Loans Act (yet unnumbered), introduced by Senators Ron Wyden (D-OR) and Ben Cardin (D-MD), would allow employers to make contributions…
News Releases
Ascensus Expands Pacific Northwest Footprint with Agreement to Acquire Moran Knobel
Pending Transaction Also Includes Acquisition of San Diego-Based Means & Associates Dresher, PA—Ascensus—whose technology and expertise helps millions of people save for retirement, education, and…
Industry & Regulatory News
IRS Released 2019 Retirement Reporting Forms and Redesigned 2018 Tax Forms
The IRS has released the 2019 versions of Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit Sharing Plans, IRAs, Insurance Contracts, etc., and Form…
Industry & Regulatory News
PBGC Final Regulations Provide New Table to Allocation Assets in Terminating Single-Employer Plans
The Pension Benefit Guarantee Corporation’s (PBGC) released final regulations that provide a new table for determining expected retirement ages for participants who are undergoing distress…
Industry & Regulatory News
Tax Relief Bill Amended With More Retirement and 529 Plan Changes
The House Ways and Means Committee released an amended version of H.R. 88, the “Retirement, Savings, and Other Tax Relief Act of 2018,” on December…
In the News
Kevin Cox Discusses Early Progress of State-Facilitated Retirement Programs
In a recent Wall Street Journal feature by Anne Tergesen, Kevin Cox, head of government savings, discusses the long-term potential of state-facilitated retirement programs administered by…
Industry & Regulatory News
IRS Seeks Comments on SIMPLE IRA Plan Documents and Notice 98-4
The IRS has released very little guidance on SIMPLE IRA plans since the release of Notice 98-4. Scheduled to be published in tomorrow’s Federal Register…
Industry & Regulatory News
403(b) Plan Transition Relief for Elective Deferral “Once in, Always in” Rule
The IRS has released Notice 2018-95, which provides transition period relief from the “once in always in” (OIAI) condition for excluding part-time employees (i.e., employees…