Retirement

Updates

protected content New Survey on IRS Determination Letter; PBGC; Financial Wellness Huddle

In 2016, we surveyed members regarding the upcoming closure of the IRS determination letter program for individually designed qualified retirement plans. Recently, the IRS announced in Notice 2018-24 that they would receive comments from the public on recommendations to expand the determination letter program for individually designed plans during 2019 to certain circumstances beyond initial plan qualification and termination… More

protected content Alert: ERIC Submits Comments on DC Paid Leave Rules

This morning, ERIC submitted comments to the District of Columbia's Department of Employment Services on its proposed regulations for implementing the Universal Paid Leave Amendment Act of 2016 (UPLA)… More

ERIC Submits Comments on DC Paid Leave Rulemaking

The ERISA Industry Committee (ERIC) appreciates the opportunity to comment on the Department of Employment Services’ (DOES) proposed rules implementing the Universal Paid Leave Amendment Act of 2016 (UPLA), D.C. Law 21-264; D.C. Official Code § 32-541.01 et seq… More

protected content Alert: NJ Governor Signs Paid Sick Leave Law

Yesterday, New Jersey Governor Phil Murphy signed into law Assembly Bill 1827, the New Jersey Paid Sick Leave Act, providing all workers across the state with paid sick leave… More

protected content SEC Best Interest Standard and Multis

The Securities & Exchange Commission (SEC) proposed a Best Interest Standard yesterday in what will become a heated discussion over the coming months. The SEC had been rumored for years of issuing a “best interest” standard rule that would apply to broker-dealers and investment advisors… More

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