In the August 2022 edition of The Speed Reader, I summarized IRS Notice 2022-33. That guidance generally extended the plan amendment deadline for the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”), the Bipartisan American Miners Act of 2019 (the “Miners Act”), and the Coronavirus Aid, Relief, and Economic Security […]
Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is provided below. The most common type of ERISA case for approximately the past sixteen years has involved retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment […]
On August 3, 2022, the IRS published Notice 2022-33 (the “Notice”). The Notice extends the deadlines for amending a retirement plan to reflect certain provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”), the Bipartisan American Miners Act of 2019 (the “Miners Act”), and the Coronavirus Aid, Relief, […]
Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is provided below. The most common type of ERISA case for approximately the past sixteen years has involved retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment […]
Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is provided below. The most common type of ERISA case for approximately the past sixteen years has involved retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment […]
In the June 3, 2022 edition of its Employee Plans News publication, the IRS announced that its Employee Plans division is piloting a “pre-examination retirement plan compliance program” beginning this month. Under the program, the IRS will notify selected plan sponsors by letter that their retirement plan has been selected for review. The letter will […]
Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is provided below. The most common type of ERISA case for approximately the past sixteen years has involved retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment […]
On April 18, 2022, the IRS published an information package. This guidance includes sample language for 403(b) plan document drafters with respect to the IRS’s Cycle 2 plan document restatement. Drafters of those restatements must submit their new 403(b) plan documents to the IRS for approval during the period beginning on May 2, 2022, and […]
Given the continuing wave of ERISA litigation, this article has become a mainstay of The Speed Reader. A sample of recent cases is provided below. The most common type of ERISA case for approximately the past sixteen years has involved retirement plan participants’ allegations that plan fiduciaries caused participants to pay excessive recordkeeping and investment […]
On March 10, 2022, the U.S. Department of Labor (the “DOL”) released its first guidance on including investments in cryptocurrencies in a 401(k) plan’s investment lineup. This guidance is Compliance Assistance Release No. 2022-01 (“2022-01”). It reflects the DOL’s concern about 401(k) plans offering those types of investments to participants, in plans that allow them […]