Industry & Regulatory News
House Passes Legislation to Repeal Cadillac Tax
The U.S. House of Representatives has overwhelmingly passed the Middle Class Health Benefits Tax Repeal Act of 2019 (H.R. 748), which eliminates the so-called “Cadillac…
Industry & Regulatory News
IRS Notice with HSA Implications Expands “Preventive” Care to Include Certain Chronic Conditions
The IRS has issued Notice 2019-45, in which it identifies certain chronic health conditions whose treatments will be considered “preventive.” As a result, such treatments…
Industry & Regulatory News
Accounting Standards Group Issues Guidance for Those Conducting ERISA Retirement Plan Audits
The American Institute of Certified Public Accountants (AICPA) has issued a document entitled Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans…
Industry & Regulatory News
Washington Pulse: Proposed Treasury Regulations on MEPs a Good Start
The U.S. Treasury Department has released proposed regulations that relax the “unified plan rule” for multiple employer plans (MEPs). Published on July 3, 2019, this…
Industry & Regulatory News
SEC Investment Guidance Appears in Today’s Federal Register, Triggering Effective Dates
Today’s Federal Register contains the Securities and Exchange Commission (SEC) final regulations and accompanying guidance for broker-dealers and advisers who provide certain investment services to…
News Releases
Ascensus Appoints New Regional Vice President
Bryan Bracchi Joins Sales Team to Support Financial Advisors and Their Clients in the Northern Texas Region Dresher, PA – Ascensus—whose technology and expertise helps millions of…
News Releases
Ascensus President David Musto to Assume Chief Executive Officer Responsibilities in 2020, Bob Guillocheau to Remain Chairman
Dresher, PA — Ascensus—whose technology, expertise, and collaborative partnership help more than nine million people save for retirement, education, and healthcare—announced today that David Musto, currently president…
Industry & Regulatory News
IRS Issues Proposed Regulations for Multiple Employer Plans
Today’s edition of the Federal Register contains the official version of new IRS proposed regulations on multiple employer plans (MEPs). Under such arrangements several employers…
Industry & Regulatory News
House-Passed Financial Services Bill Would Block SEC Investment Guidance
The U.S. House of Representatives this week approved legislation to provide appropriations for funding various financial services provided by federal agencies. Added to the bill…
Industry & Regulatory News
Washington Pulse: Joint Effort Leads to New Health Reimbursement Arrangement Guidance
The U.S. Departments of Health and Human Services, Treasury, and Labor have jointly issued final regulations that create two new types of HRAs—the Individual Coverage…