On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act of 2022 (HR 2954), otherwise known as SECURE Act 2.0, by a vote of 414-5. Secure Act 2.0 builds on the 2019 Setting Every Community Up for […]
Last week, we shared five reasons why cryptocurrencies can present serious risks to 401(k) fiduciaries and participants. Since then, there has been some confusion about fiduciary duties when it comes to a cryptocurrency option that is fully integrated into a plan’s core […]
On December 27, 2020, the Consolidated Appropriations Act (CAA) of 2021 was signed into law and included the No Surprises Act (the Act). With so much guidance already published addressing the Act, the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) […]
The issue of what to do about lost or missing participants is a frustrating one for plan sponsors. These participants often have terminated participation in a plan because they took a new job. They may have even moved. Because these terminated participants […]
Last week, the DOL issued guidance for employers and employees on implementing the Families First Coronavirus Response Act (FFCRA). And it seems the DOL has been very busy, because the Families First Coronavirus Response Act: Questions and Answers continues to grow. Employers […]
In October 2019, the U.S. Department of Labor (DOL) published proposed regulations regarding default electronic disclosures by retirement plans under the Employee Retirement Income Security Act of 1974 (ERISA). The proposed rules offer a look at what the DOL is thinking of […]
If you’ve ever gotten a letter from the Department of Labor (DOL) Employee Benefits Security Administration asking for more information about your benefit or retirement plan, you may have felt your heart thudding in your chest. Yes, it’s not a letter you […]
Time to get your Employee Retirement Income Security Act (ERISA) plans in shape . . . there are no more delays for required new disability claims procedures! After postponing the original effective date of January 1, 2018, the U.S. Department of Labor […]
Employees are increasingly aware of their rights to mental health and substance abuse treatment through employer-sponsored health plans. Are you aware of what your plan needs to do? Below are resources to help. The U.S. government is educating individuals on the Mental […]
If you were presented with 100 days to work with, what would you try to accomplish? Train for a marathon? Cook your way through Julia Child’s The Art of French Cooking: Volume 1? Maybe it’s finally watching all five seasons of Breaking […]
