[Guidance Overview]

Best Interest Standard of Care for Advisors, Part 43

"[P]ractically speaking, written disclaimers will typically not be dispositive, and a broader set of 'facts and circumstances' will be considered when determining whether a financial institution and an investment professional are fiduciaries to a particular IRA owner, participant or retirement plan."  MORE >>

FredReish.com

[Sponsor]

DCIIA/SPARK Public Policy Series

DCIIA/SPARK Public Policy Series, May 4 – 6, 2021 (domestic themes) and June 23 – 25, 2021 (global themes). Topics include: Updates from the Hill and DOL / Treasury, Workplace of the Future, Privacy and cybersecurity. Register Now.

Fee and Investment Litigation 2015-2020: Five Year Review of Developments and Best Practices to Mitigate Risk, Part I (PDF)

32 pages. "[This article provides] a brief overview of 2020 trends and developments and then explore[s] more closely the key rulings and developments since 2015 and their impact on ERISA fee and investment litigation."  MORE >>

Jackson Lewis P.C., via Benefits Law Journal

Forfeitures: The Final Frontier

"At the end of the plan year, as part of the annual administration, forfeitures should be examined and addressed in some way.... [T]he forfeitures must be used. They can't be hoarded year after year."  MORE >>

Ferenczy Benefits Law Center

Pooled Employer Plans: How Small Employers Can Benefit

"It may take a while before the competitive dynamics among PPPs shakes out and PEP service reaches an equilibrium.... [B]ecause employers face unambiguous liability for their selection of a PPP and its PEP product, a wait-and-see approach might be the most popular option."  MORE >>

ORBA

[Opinion]

Troubled Multiemployer Pensions Receive $86 Billion in Newest Stimulus Bill

"Without the government relief, many of these pension funds would have become insolvent within five years. At least in the short term, the relief will provide direct benefits to 1.5 million people."  MORE >>

Institute for Pension Fund Integrity [IPFI]

[Opinion]

What Fiduciaries Learned About 401(k) Retirement Saving Over These Last 12 Months

"It's been a year now since the country shut down due to the pandemic. At the time, there were massive disruptions in the way retirement plans were traditionally handled. Some feared the worst. Others pivoted and were pleasantly surprised."  MORE >>

Fiduciary News; free registration required

[Official Guidance]

Text of Draft IRS Publication 598: Tax on Unrelated Business Income of Exempt Organizations (PDF)

23 pages. "What's New: [1] Mandatory electronic filing.... [2] Final regulations issued.... [3] Form 990-T has been redesigned for tax year 2020.... [4] Organizations with more than one unrelated trade or business must compute unrelated business taxable income (UBTI), including for the purpose of determining any net operating loss deduction, separately with respect to each such trade or business.... [5] Retroactive repeal of section 512(a)(7)." [Form dated Mar. 22, 2021; draft dated Mar. 25, 2021]  MORE >>

Internal Revenue Service [IRS]

[Guidance Overview]

ARPA Expands Covered Employee Limits in Section 162(m)

"[ARPA expands] the application of Section 162(m) to an additional five most highly compensated individuals ... effective for tax years beginning after Dec. 31, 2026.... [An] employee who is identified as one of the 'additional' five employees is not considered to be a covered employee indefinitely."  MORE >>

Holland & Knight

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Contribution Deadlines Extended by IRS Notice 2021-21?

"I'm reading Notice 2021-21 -- it looks like all sole proprietorship 2020 filings have been extended to May 17. I don't see anything on C corporations -- do you?"

BenefitsLink Message Boards

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Spike in Child Mental and Behavioral Health Issues Leave Parents Concerned, Torchlight Year-Long Study Finds

Torchlight

Russell Investments Enters Strategic Partnership with Hamilton Lane to Accelerate Private Markets Capabilities

Russell Investments

AIG Retirement Services Launches New Mobile App Capabilities to Help Nonprofit and Public Service Employees Save for Retirement

AIG Retirement Services

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Revamping Retirement: The Business of Benefits with Bob Toth

RECORDED

Cammack Retirement Group

ESG and ERISA Plans

April 13, 2021 WEBCAST

PLANADVISER

EBRI 2021 Spring Policy Forum: The Path Forward

May 10, 2021 WEBCAST

EBRI [Employee Benefit Research Institute]

► View All Upcoming    ► View Webcast Recordings

Text of IRS Notice 2021-21: Relief for Form 1040 Filers Affected by Ongoing Coronavirus Disease 2019 Pandemic (PDF)

Internal Revenue Service [IRS]

2020 IRA Contribution Deadline Extended

Slott Report

How to Manage Your Inherited IRA: Special Attention Is Required

U.S. News & World Report