ABA asks IRS to delay new reporting requirement
ABA submitted a comment letter to the IRS requesting that the agency delay by 12 months the effective date of ...
Tag: Retirement issues
Labor Department rescinds guidance on crypto and 401(k)s
The Labor Department rescinded a 2022 compliance release that directed fiduciaries to exercise “extreme care” before adding a cryptocurrency option ...
Survey: Investors don’t feel prepared for generational wealth transfer
Nearly two-thirds of survey respondents perceive preparedness for estate transitions to the next generation as very important, while only 28% ...
Outsourcing: Getting to Go/No-Go
SPONSORED CONTENT PRESENTED BY ASCENSUS “Should we outsource any aspect of our retirement plan program?” This question is increasingly being ...
ABA backs bill to expand investment options for retirement plans at nonprofits
ABA expressed its support for bipartisan legislation to “level the playing field” among retirement plans by expressly authorizing 403(b) plans ...
ABA supports bill to expand investment options for retirement plans at nonprofits
ABA said CITs are subject to the Employee Retirement Income Security Act of 1974 and must comply with federal tax ...
FDIC alerts banks about new QPAM exemption changes
The FDIC issued a financial institution letter to notify banks about recent amendments to the prohibited transaction class exemption 84-14 ...
Federal court issues stay on fiduciary rule enforcement
A Texas court ordered a nationwide stay of a Department of Labor final rule that expands fiduciary status to nearly ...
IRS finalizes rule on proposed required minimum distributions
The IRS finalized its proposed rule on required minimum distributions, including requirements for distributions from a qualified retirement plan—such as ...
ABA, associations: Fiduciary rule poses threat to Americans’ financial security
ABA and 12 associations are urging House lawmakers to support four Congressional Review Act resolutions that would overturn a Department ...
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