ABA provides feedback on DOL’s ERISA reporting, disclosure requirements
Because existing disclosure and reporting regimes are comprehensive, sufficient and effective, no revisions or additions are necessary to the department’s ...
Tag: Retirement issues
House committee advances ABA-backed 403(b) bill
With a bipartisan vote of 35 to 12, the House Financial Services Committee this week advanced H.R. 3063, the Retirement ...
ABA supports bipartisan bill to expand 403(b) investment
The legislation would amend the Exchange Act to allow 403(b) retirement plans to invest in unregistered insurance contracts and collective ...
Study: Number of HSA accounts continues to grow
Consumers continue to invest in HSAs for future medical expenses, with a year-over-year increase in 2022 of 6% for assets ...
ABA: Make permanent physical presence exemption for spousal consents
The American Bankers Association this week filed a comment letter recommending the adoption of an IRS proposal to make permanent ...
District court vacates Labor Department position on rollover advice
A U.S. district court this week vacated the Labor Department’s interpretation of the Employee Retirement Income Security Act and its ...
ABA urges Labor Department to reconsider QPAM proposal
The American Bankers Association this week reiterated concerns about proposed amendments to Prohibited Transaction Exemption 84-14, known as the Qualified ...
IRS proposes making remote witness procedures permanent
The IRS has issued a proposed rule to make permanent temporary relief from the physical presence requirement for participant elections ...
ABA, associations request IRS to make remote notarization permanent
The American Bankers Association along with 17 associations and businesses today sent a joint letter to the IRS requesting that ...
DOL finalizes ESG investing rule
The Department of Labor finalized a new rule regarding environmental, social and governance investing and a fiduciary’s proxy voting activity ...
