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Retirement Plans Newsletter

May 20, 2022

7 New Job Opportunities 7 New Job Opportunities

 

[Guidance Overview]

IRS Extends Authorization for Remote Notarization of Retirement Plan Consent Documents to December 31, 2022

"In order for the physical presence requirement to be satisfied by a plan representative, the following must occur: [1] Live audio-video technology which allows for direct interaction between the individual and the plan representative, [2] The individual signing the election must present a valid photo ID ... during the live audio-video conference, [3] The individual must transmit a copy of the signed document by fax or electronic means directly to the plan representative on the same date it was signed, and [4] After receiving the signed document, the plan representative must acknowledge that the signature was witnessed and transmit the signed document with acknowledgment back to the individual."  MORE >>

Bolton

[Guidance Overview]

457(b) Deferred Compensation Plans: Fiduciary Duties and How to Mitigate Potential Risks

32 presentation slides. Topics include: [1] Who is a Fiduciary? [2] Fiduciary functions & duties; [3] Fiduciary breach lawsuits; [4] Limiting liability; [5] Illustrative examples; [6] Proprietary funds; [7] Index funds; [8] Hypothetical illustration.  MORE >>

McDermott Will & Emery

DOL Provides Informal Fiduciary Rule Update

"The [DOL] will factor in other agency rulemakings, like the [SEC's] Regulation Best Interest, as it crafts its fiduciary rule, Ali Khawar, acting assistant secretary for [EBSA] said ... As to when Labor's new fiduciary rule will land at the Office of Management and Budget for review, Khawar declined to offer a date."  MORE >>

ThinkAdvisor

Could Sponsoring a Pooled Employer Plan Grow Your Business?

"While many PEPs are sponsored by large financial institutions with significant expertise in retirement plan administration, certain other firms (such as franchisors, gig economy employers, joint venture enterprises, private equity firms, and smaller financial services companies) may also wish to consider sponsoring a PEP as another way to streamline benefit offerings and to provide a valuable tool for their franchisees, independent contractors, portfolio companies, or customers and clients (as applicable)."  MORE >>

Morgan Lewis

Benefits in General

Congress Considers Banning Discretionary Clauses in ERISA Plans

"[T]he 'Employee and Retiree Access to Justice Act' [HR 7740] ... seeks to ban arbitration and discretionary clauses in employer-sponsored benefit plans governed by [ERISA] ... thereby forcing plan disputes into the judicial system[.] [T]his legislation, if passed, would dramatically alter the long-standing standard of review by courts when a plan participant or beneficiary is denied retirement, health, or other benefits under an ERISA-regulated plan."  MORE >>

Littler

Employee Benefits Jobs

View job as Employee Benefits Senior Consultant
          for Plante Moran Employee Benefits Senior Consultant

Plante Moran

Remote / CO / IL / MI / OH

View job as Employee Benefits Senior Consultant
          for Plante Moran

View job as Enrollment Coordinator
          for Associated Pension Services, Inc. Enrollment Coordinator

Associated Pension Services, Inc.

Arlington Heights IL

View job as Enrollment Coordinator
          for Associated Pension Services, Inc.

View job as Sr Plan Compliance Consultant
          for T. Rowe Price Sr Plan Compliance Consultant

T. Rowe Price

Colorado Springs CO

View job as Sr Plan Compliance Consultant
          for T. Rowe Price

View job as Form 5500 Specialist
          for Guideline, Inc. Form 5500 Specialist

Guideline, Inc.

Remote / CA / CO / FL / GA / MA / MD / ME / MI / MO / NC / NJ / NY / OH / OR / PA / SC / TN / TX / WA

View job as Form 5500 Specialist
          for Guideline, Inc.

View job as ESOP Analyst
          for Newport ESOP Analyst

Newport

Remote / MI

View job as ESOP Analyst
          for Newport

View job as ESOP Manager
          for Newport ESOP Manager

Newport

Remote

View job as ESOP Manager
          for Newport

View job as Compliance Analyst
          for Newport Compliance Analyst

Newport

Remote

View job as Compliance Analyst
          for Newport

Press Releases

OneDigital Strengthens Employee Benefits Division With Addition of Kennedy, Michener Benefits, LLC

OneDigital

MeMD Unveils Name Change to Walmart Health Virtual Care

MeMD

Webcasts and Conferences
(Retirement Plans / Executive Compensation)

Nevin & Fred: 7 Things ERISA Fiduciaries Should Know

May 20, 2022 WEBCAST

National Association of Plan Advisors [NAPA]

Last Issue's Most Popular Items

Forecast of 2023 IRS Limits for Qualified Plans

Milliman

Text of IRS Notice 2022-25: Weighted Average Interest Rates, Yield Curves, and Segment Rates for May 2022 (PDF)

Internal Revenue Service [IRS]

Keeping 401(k) Participants Out of the Lost and Found Box

Foley & Lardner LLP

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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

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