Industry & Regulatory News
Latest Pandemic Relief Legislation Signed Into Law
President Biden has signed into law the American Rescue Plan Act one day after the House of Representatives voted to pass the amended package. Several…
Industry & Regulatory News
DOL Announces Non-Enforcement of ESG and Proxy Rules
The Department of Labor (DOL) has issued a statement that it will not enforce two final rules that were issued late in 2020. One rule,…
Industry & Regulatory News
House Passes Amended COVID-19 Relief Bill; President to Sign
Following Senate passage on Saturday, the House of Representatives has passed by a vote of 220-211 the American Rescue Plan Act of 2021 to provide…
News Releases
Ascensus Announces Completion of Truist Retirement Recordkeeping Acquisition
All Heritage BB&T Plans Successfully Transitioned to Ascensus Platform Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has completed the…
Industry & Regulatory News
SBA Rule Allows Schedule C Tax Filers to Use Gross Income for PPP Loans
The Small Business Administration (SBA) has issued an interim final rule effective March 4, 2021, that would allow business owners who file an IRS Form…
Industry & Regulatory News
DOL Delays Effective Date for Independent Contractor Final Regulations
Consistent with a directive by President Biden in a January 20, 2021-issued memorandum entitled, “Regulatory Freeze Pending Review,” the Department of Labor (DOL) Wage and…
Industry & Regulatory News
Retirement Spotlight: IRS Regulations Address Tax on Unrelated Businesses in Plans
The IRS has released final regulations on computing unrelated business taxable income (UBTI) for a tax-exempt organization. This guidance may affect only a relatively small…
Industry & Regulatory News
Guidance Issued for Group Health Plans Regarding Coverage of COVID-19 Services
The Departments of Labor, Health and Human Services, and Treasury (the Departments) have issued “FAQs About Families First Coronavirus Response Act and Coronavirus Aid, Relief,…
Industry & Regulatory News
House Passes COVID-19 Relief Bill
The House of Representatives has passed by a vote of 219-212 the American Rescue Plan Act of 2021 to provide additional relief to address the…
Industry & Regulatory News
COVID-19 Relief for Employee Benefit Plans, Participants, and Beneficiaries Continued for Limited Time
The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) has released Disaster Relief Notice 2021-01 providing guidance on the duration of COVID-19-related relief previously…