DC Distributions

Updates

protected content Employee Stock Offering Survey

ERIC conducted a spot survey of its members on the use of employee stock offerings… More

protected content Obama Administration Releases FY 2016 Budget with Retirement Policy Provisions

Today, the President released the Fiscal Year 2016 Budget of the U.S. Government (“FY 2016 Budget”). As the Administration has been releasing pieces of the FY 2016 Budget over recent days… More

DOL Posts Final 2014 ERISA Advisory Council Reports

The Department of Labor recently posted to its website the final reports from the three topics (facilitating lifetime plan participation, outsourcing employee benefit plan services, and pharmacy benefit managers (PBM) compensation and fee disclosure) the ERISA Advisory Council in 2014 studied and made recommendations for the DOL’s consideration. … More

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IRS FAQs Address Rollovers of After-Tax Amounts to Roth IRAs; Summarizes Corrections for Roth Contribution Mistakes

To address recent questions the IRS received following the release of Notice 2014-54, the agency recently released two frequently-asked-questions to help clarify rollovers of after-tax contributions in retirement plans. In addition, the IRS in its most recent Retirement News for Employers discusses corrections that employers with Roth features in their 401(k), 403(b) or 457(b) plans can take when the employer does not follow the employee’s election as to the type of elective deferral.… More

GAO Offers Recommendations on “Forced Out” Participant Transfers

Congress should consider amending current law to permit alternative default destinations for plans to use when transferring 401(k) plan participant accounts out of plans, according to a recent report by the Government Accountability Office (GAO) … More

See All Updates

ERIC Surveys

protected content Employee Stock Offering Survey

ERIC conducted a spot survey of its members on the use of employee stock offerings… More

More ERIC Surveys

Legislative Documents

protected content Obama Administration Releases FY 2016 Budget with Retirement Policy Provisions

Today, the President released the Fiscal Year 2016 Budget of the U.S. Government (“FY 2016 Budget”). As the Administration has been releasing pieces of the FY 2016 Budget over recent days… More

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Stretch IRA Provision under Consideration for Highway Bill, While MAP 21 Interest Stabilization Extension in Unemployment Bill

The congressional tax-writing committees have been working over the last few weeks on legislation to replenish the Highway Trust Fund, which… More

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MAP 21 Interest Stabilization Extension and PBGC Premium Increase Not Included in Highway Trust Fund Legislation

As you are aware, Congress is working on legislation to replenish the Highway Trust Fund, which is scheduled to “run out of money” (for legislative purposes) late July or early August 2014. Discussions related to the revenue provisions have included an extension of the MAP-21 interest stabilization… More

protected content Ways and Means Chairman Camp Unveils Tax Reform Discussion Draft

House Ways and Means Committee Chairman Dave Camp (R-MI) earlier today released a “discussion draft” of his tax reform proposal. The proposal aims to broaden the tax base in order to cut and streamline the federal income tax rates for individuals and companies.… More

protected content Senator Harkin Introduces USA Retirement Funds Act

Senate Health, Education, Labor and Pensions Committee Chairman Tom Harkin (D-IA), along with Senator Brown (D-OH), on January 30 introduced the USA Retirement Funds Act. ERIC has been working with Senator Harkin’s staff on various provisions of this bill, especially the provisions involving hybrid plan clarifications … More

protected content Senator Hatch Legislation Includes Significant Pension Reforms

Senate Finance Committee Ranking Member Orrin Hatch (R-UT) on July 9 introduced legislation that would make extensive reforms to both private and public retirement plan rules. … More

protected content Representative Neal Reintroduces Retirement Simplification Legislation

This week, Representative Neal (D-MA) introduced The Retirement Plan Simplification and Enhancement Act of 2013. This bill is a reintroduction of H.R. 4050 from last year, with some changes. … More

More Legislative Documents

Letters to Agencies

ERIC and Other Trade Groups Write to Treasury on Retroactive Effect Issues in Windsor Decision

ERIC has joined with 13 other business trade associations in a letter asking the Treasury Department to use its authority under Internal Revenue Code section 7805(b)(8) to limit the extent of the decision’s retroactivity.… More

ERIC Urges Flexibility on Lifetime Income Disclosures

ERIC submitted comments today to the Department of Labor (DOL) recommending that it provide employers with flexibility regarding lifetime income disclosures. … More

More Letters to Agencies

Press Releases

ERIC Urges Flexibility on Lifetime Income Disclosures

ERIC submitted comments today to the Department of Labor (DOL) recommending that it provide employers with flexibility regarding lifetime income disclosures. … More

More Press Releases