Industry & Regulatory News
Final Regulations Published on Offset Retirement Plan Loan Rollovers
Published in today’s Federal Register are IRS final regulations that implement a provision of the 2017 Tax Cuts and Jobs Act (TCJA) that provides an…
News Releases
Ascensus Announces Agreement to Acquire Recordkeeping Retirement Business from Truist
Transaction Includes Heritage BB&T Plans Along with Heritage BB&T Outsourced Recordkeeping Business Currently Serviced by Ascensus Ascensus—whose technology and expertise help millions of people save…
Industry & Regulatory News
DOL Updates Q&As for Pandemic-Related Paid Leave
The Department of Labor’s (DOL’s) Wage and Hour Division has issued an update to its question-and-answer guidance on paid employee leave under provisions of the…
Industry & Regulatory News
IRS Releases 2021 Tax Year IRA and Retirement Plan Reporting Forms 1099-R, 5498
The IRS has posted at its website the 2021 tax year version of Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance…
Thought Leadership
Change is necessary.
All too often, we’re reminded that freedom from racism and injustice is still not universally available to black Americans, along with other diverse communities. The…
Industry & Regulatory News
Despite Some Confusion, December 30, 2020, Remains the Deadline for Special Tax Benefits of CARES Act Retirement Plan Distributions
Today is the last day for eligible taxpayers to take IRA and employer-sponsored retirement plan distributions that qualify for special tax benefits under the Coronavirus…
Industry & Regulatory News
DOL Final Regulations on Independent Contractor Status Have Been Received by OMB
Final regulations entitled Independent Contractor Status Under the Fair Labor Standards Act, issued by the Department of Labor’s Wage and Hour Division, have been received…
Industry & Regulatory News
Washington Pulse: Spending Bill Contains Coronavirus Relief
On December 21, 2020, Congress passed additional measures to provide relief from the widespread economic effects of the coronavirus pandemic. On December 27, 2020, the…
Industry & Regulatory News
Relief from Physical Presence Requirement Extended for Retirement Plan Consents
The IRS issued Notice 2021-03, extending previous guidance released under Notice 2020-42, which provided temporary relief from the physical presence requirements for certain elections that…
Industry & Regulatory News
Congress Approves Additional COVID Relief as Part of Government Funding Package
Following lengthy, intense negotiations that delayed the pre-Christmas adjournment of the 116th Congress, the U.S. Senate and House of Representatives have reached agreement and passed…