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February 11, 2020 logo logo
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Webcasts, Conferences

Leveraging Tools & Technology to Scale Fiduciary Processes

Executive Compensation Deductions under Section 162(m): What Has Changed and What to Do under the Proposed Regulations
February 13, 2020 WEBCAST
American Law Institute Continuing Legal Education Group [ALI CLE]

The Fiduciary Rule, Again?
April 8, 2020 WEBCAST
ASPPA [American Society of Pension Professionals & Actuaries]

ERISA Benefit Plan Investment Management Agreements: Selecting 3(38) Investment Managers, Structuring the IMA
April 15, 2020 WEBCAST

Executive Compensation 2020: Strategy, Design, and Implementation
June 4, 2020 WEBCAST
American Law Institute Continuing Legal Education Group [ALI CLE]

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[Official Guidance]

Text of DOL PTE 2020-01: Exemption from Certain Prohibited Transaction Restrictions Involving UBS and Affiliates

56 pages. "This document contains a notice of exemption ... from certain of the prohibited transaction restrictions of [ERISA] and/or the Internal Revenue Code ... The exemption affects the ability of certain entities with specified relationships to UBS AG, UBS Securities Japan Co., Ltd., and UBS (France) S.A. to continue to rely upon relief provided by [PTE 84-14] ... The Department is granting this exemption to ensure that Covered Plans with assets managed by an asset manager within the corporate family of UBS may continue to benefit from the relief provided by PTE 84-14. This exemption will be in effect for five years from February 20, 2020 (the date the relief in PTE 2019-01 expires) through February 20, 2025."

[*Editor's note: PTE 84-14 can be found here; scroll down and click on the "Qualified Professional Assets [sic] Managers" item.]

Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]

[Guidance Overview]

IRS Offers First Answers to Post-SECURE Act Reporting Questions

"[S]ome provisions of the Act took effect mere days after enactment -- on January 1, 2020 -- making implementation more difficult. Industry groups have requested that the IRS expedite guidance on the most pressing questions. [This article] will address the guidance that we have so far: some that is explicit and some that we can glean through draft instructions for required tax reporting."


SECURE Act Section 202 Provides an Alternative to MEPs and PEPs: The 'Group of Plans'

"Technology today permits anyone who wants to make the appropriate investment in data aggregation to effectively mimic a MEP or a PEP, with the sole difference being that you could not get around the notion that each of the 'aggregated plans' would have to file a separate Form 5500 because, unlike a PEP or MEP, they are each still individualized plans. Section 202 takes care of that: as long as you are a defined contribution plan ... have the same trustee/custodian; and have the same investment options, you can file a single consolidated Form 5500 for all plans in that same arrangement."

Business of Benefits

Litigators Put Mortality Assumptions Under the Microscope

"The most recent national employer named in such a lawsuit is the United Parcel Service (UPS), but the firm is facing allegations very similar to those filed against MetLife, Pepsi, American Airlines and others. Plaintiffs in these cases are making a somewhat subtle but potentially financially significant argument that seeks to remedy alleged failures by pension plans to pay joint and survivor annuity (JSA) benefits in amounts that are 'actuarially equivalent' to a single life annuity (SLA) benefit."

PLANSPONSOR; free registration may be required

From Traditional to Transitional: How the Nation's Retirement Model Is Changing

"For many, the very definition of retirement is changing, as bridge jobs, gig work and encore careers replace the traditional notion of a fixed end to one's working life. Today, 54 percent of employers, 43 percent of workers and 29 percent of retirees think the commonly used definition of retirement should be expanded, which could include changes in the work model for older workers."


How Have Teacher Pensions Changed Since the Great Recession?

"Over the past decade, ... [n]early one-half of state teacher plans raised the age at which teachers can begin collecting their pension, and nearly one-third reduced the share of salary that a pension replaces. Among plans that made these changes between 2008 and 2018, the average retirement age increased almost five years and the average replacement rate fell nearly 6 percentage points."

Urban Institute

Do's and Don'ts for Tax-Efficient Retirement Withdrawals

"[1] Do: Diversify your accounts.... [2] Do: Weigh your options.... [3] Do: Hold off on tapping Roth assets.... [4] Don't: Let RMDs sneak up on you.... [5] Don't: Assume every year will be the same.... [6] Expect the unexpected."

Charles Schwab

Executive Compensation
and Nonqualified Plans

Tax Season 2020: What You Need To Know About Changes In Reporting Rules For Capital Gains, AMT, And Equity Comp

"While this year the IRS modifications are less drastic, there are key differences, especially in the way capital gains are reported.... A concern for anyone with incentive stock options (ISOs), the alternative minimum tax (AMT) is no longer directly reported on Form 1040 from the calculation on Form 6251.... For stock sales, there is still no change in the IRS rules on how the cost-basis information is reported on Form 1099-B and Form 8949."

Selected Discussions
on the BenefitsLink Message Boards

Reporting Plan Loan Payments as Contribution

"Plan has loan feature, 2019 first year any loans. Looking at the fundholder annual report -- it is reflecting loan repayments in the total contribution made during the year. Is that correct?"

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401(k) Lawsuit Ruling Sends Principal Back to Court
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David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager

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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587. Copyright 2020, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.

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