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Retirement Plans Newsletter February 4, 2021 |
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Newly Posted |
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Discussions |
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This Newsletter:
BenefitsLink Health & Welfare Plans Newsletter:
Message Boards Digest:
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![View job as Economist for Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health & Human Services](https://benefitslink.com/images/briefcase.png "View Job as Economist for Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health & Human Services")
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[Guidance Overview]
16 pages. "The DOL's description of the final rule notes several areas where the rule is intended to align with [SEC] guidance on proxy voting.... [A chart compares] key elements of the final DOL rule and the SEC guidance." Morgan Lewis, via LexisNexis Practical Guidance |
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[Guidance Overview]
"[R]etirement plans taking advantage of the new rule may face increased exposure to ERISA fiduciary breach claims alleging inadequate cybersecurity measures." Fred Reish, Bruce Ashton and Stephen Pennartz, via American Retirement Association [ARA] |
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[Guidance Overview]
"[M]any retirement plan advisors and consultants assume that charter schools are 'governmental' for tax code (Code) employee benefit purposes. This characterization isn't always clear cut, but the consequences of getting it wrong can be substantial." Best Best & Krieger LLP |
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[Guidance Overview]
"The final regulations retain much of the same structure as the proposed rule issued last August, with some added clarification on registration requirements." Hall Benefits Law |
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[Guidance Overview]
"[PTE 2020-02] becomes effective on February 16, 2021, and outlines the factors that determine whether financial professionals are considered fiduciaries -- while giving clear guidance about how fiduciaries must comply with their responsibilities." Ascensus |
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"[D]efined benefit plans disclosures differ from those required for defined contribution plans ... Standard actuarial reports typically include the components needed ... allowing plan sponsors to simply insert the figures into standard disclosures." EisnerAmper |
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"Combining interest rate and investment market movements, most pension plans will see their funded status improve for the month but only modestly." River and Mercantile |
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Benefits in General |
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"For the year, the DOL handled 171,863 inquiries ... EBSA closed 230 criminal investigations, which led to 59 guilty pleas or convictions and the indictment of 70 persons (including plan officials, corporate officers, and service providers) for crimes related to employee benefit plans." Thomson Reuters / EBIA |
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Press Releases |
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OneDigital Acquires Owen & Associates
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Most Popular Items in the Previous Issue |
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DOL Issues Missing Participant Guidance
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Traditional and Roth Individual Retirement Accounts (IRAs): A Primer (PDF)
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David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager
BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587. Copyright 2021 BenefitsLink.com, 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 BenefitsLink.com, 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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