IRS provides relief on replacing RMD money; DOL proposes rules on ESG investing and fiduciary advice RMD UpdateYou probably know that the CARES Act waived Required Minimum Distributions for 2020, at least for most defined contribution plans such as 401(k) plans (RMDs from defined benefit pension plans, or their variant, cash balance plans, were not waived). But […]
Update
Review of recent IRS notices regarding the CARES Act
The IRS recently issued Notice 2020-50 and Notice 2020-51 clarifying and expanding some aspects of the Coronavirus, Aid, Relief and Economic Security (CARES) Act. As always, this update is quick and dirty and meant to give clients and advisors a general overview. If you want to take a deeper dive, some of the best explanations […]
DOL Publishes Final Rule on Electronic Disclosures
The Department of Labor (“DOL”) recently issued a final rule regarding electronic disclosure of retirement plan notices and documents. This update is meant as a quick summary of the rule, not a step-by-step guide to compliance. For more details, please see the rule itself or an as-usual excellent article from the Ferenczy Benefits Law Center. […]
CARES Act review
Review of the CARES Act – Pension provisions On March 27, President Trump signed the Coronavirus, Aid, Relief and Economic Security (CARES) Act which extends broad relief on many fronts. This update covers provisions relating to retirement plans. It is quick and dirty and meant to give clients and advisors a general overview. Please contact […]