Pension Content

ICI sent the attached comment letter to the IRS and Treasury, responding to the notice of proposed rulemaking that would amend the regulations governing required minimum distributions (RMDs) from retirement plans and IRAs to reflect changes made by the Setting Every Community Up for...

In Notice 2022-27, the Internal Revenue Service (IRS) announced further extension of the temporary relief from the physical presence requirement for notarization of spousal consent (and other participant elections) previously provided in Notices 2021-40, 2021-03 and 2020-42.

On May 12, 2022, the Institute sent the attached comment letter to the Department of Labor (DOL) in response to its Request for Information (RFI) seeking public comment on what actions, if any, DOL should take under federal law to protect retirement savings and pensions from risks...

The US Government Accountability Office (GAO) published a report on 403(b) plans entitled: "403(b) Investment Options, Fees, and Other Characteristics Varied" (the "Report").

As we previously reported, the Department of Labor (DOL) recently issued Compliance Assistance Release No. 2022-01 (the "Release"), providing guidance for 401(k) plan fiduciaries regarding plan investments in cryptocurrencies and similar types of digital assets.

On March 28, 2022, the Treasury Department and IRS published proposed regulations relating to the "unified plan rule" for multiple employer plans (MEPs).

As we previously reported, the Department of Labor (DOL) recently proposed amendments to the procedures governing the filing and processing of prohibited transaction exemption applications ("Proposal").

Recently, the staff of the Securities and Exchange Commission issued a bulletin on the application of the standards of conduct applicable to broker-dealers and investment advisers (both, "financial professionals") when recommending account types for retail investors.

On March 29, 2022, the US House of Representatives approved, by a vote of 414 to 5, H.R. 2954, the "Securing a Strong Retirement Act of 2022" (or SECURE 2.0). The bill was introduced by House Ways and Means Committee Chairman Richard Neal (D-MA) and ranking member Kevin Brady (R-TX).