"[The proposed regulations] address the SECURE Act RMD starting age of beneficiaries of an employee who died before reaching age 70½ but would have reached that age on or after Jan. 1, 2020.... The proposed regulations retain existing 'see-through' rules for trusts as beneficiaries but provide additional (and extensive) guidance on determining which of a see-through trusts' beneficiaries can be treated as beneficiaries of the employee."  MORE >>

"[T]he Commission highlights the absence of rules specifically requiring financial institutions to adopt and implement comprehensive cyber security programs and the potential harm this presents to funds and investors.... [The] proposed rule ... would require ... [1] Cybersecurity risk management policies and procedures ... [2] Reporting of significant cybersecurity incidents.... [3] Disclosure of cybersecurity risks and incidents."  MORE >>

"Form 8915-F is a 'forever form' ... For tax years beginning after 2020, Form 8915-F replaces Form 8915-E, which was used to report coronavirus-related distributions and other qualified 2020 disaster distributions received from retirement plans in 2020 (as well as 2020 repayments of those distributions). Forms 8915-B, 8915-C, and 8915-D (relating to qualified 2017, 2018, and 2019 disasters, respectively) have been updated for 2021.... Form 8915-A (qualified 2016 disasters) has not been updated; the 2020 revision is the last version of that form. Form 8915-F is considerably different from previous forms in the series."  MORE >>

35 pages, Jan. 28, 2022. Includes May 2022 Basic (EA-1) Examination; May 2022 Pension EA-2 (Segment L) Examination; and November 2022 Pension EA-2 (Segment F) Examination.  MORE >>

"Sixty-five percent of retirees do not feel financially secure in retirement ... and one quarter say they regret retiring because they feel unprepared for this instability. Fifty-four percent say their former employers didn't contribute enough to their retirement and 31% say they weren't offered a 401(k) or pension plan at all.... 1 in 10 retirees say they have to work part-time, and 73% say they took on this extra work in order to cover basic expenses."  MORE >>

"[A]ll scenarios saw a year-over-year decrease in total investment costs ranging between 0.01%-0.06% from the previous year, with the average representing a decrease of 0.03%.... [T]he smallest plans with $5 million in assets costs 1.19%, while the average cost for plans with $50 million in assets is 0.88%. The data is through Sept. 30, 2021."  MORE >>

"For [many] plans, the increase in interest rates in 2022 will mean that 2022 lump sums will be valued at an interest rate that is lower than current market rates, generating a lump sum that is greater than the current market value of the associated liability.... [T]his situation, and certain other complicating factors ... may affect the sponsor's 2022 de-risking decision."  MORE >>

"Having access to a DB plan was associated with slower drawdown of retirement wealth. The larger the share of retirees' resources in an annuity-like form -- either DB plans, Social Security benefits, or commercial annuities -- the slower they drew down their wealth.... Forecasts for the Baby Boomer generation based on the drawdown of past generations likely underestimate their drawdown speed. Baby Boomers reliant on DC plans could run a greater risk of outliving their savings than earlier generations."  MORE >>