Pension Content

The US Government Accountability Office (GAO) recently published a report focused on conflicts of interest between fiduciaries and investors.

IRS on August 19, 2024, issued Notice 2024-63, "Guidance Under Section 110 of the SECURE 2.0 Act with Respect to Matching Contributions Made on Account of Qualified Student Loan Payments.

The US Department of Labor (DOL) on August 12, 2024, issued a technical correction[1] to the amended QPAM prohibited transaction class exemption ("QPAM Exemption") that was published in the Federal Register on April 3, 2024.

The IRS and Treasury have released a long-awaited set of rulemakings to amend the regulations governing required minimum distributions from retirement plans and IRAs.

Two courts have granted stays in lawsuits against the Department of Labor regarding its regulatory package on fiduciary investment advice.

ICI on July 16, 2024, submitted a comment letter to the Department of Labor responding to certain requests for comment in DOL’s Interim Final Rules amending the Abandoned Plan Program. ICI earlier submitted comments to DOL on abandoned plan rules in 2005, 2007, and 2013.

The Office of Information and Regulatory Affairs recently released its Spring 2024 Unified Agenda of Regulatory and Deregulatory Actions, which includes updated Agency Rule Lists from the Department of Labor (DOL) and the Treasury Department and Internal Revenue Service including...

On June 20, 2024, the Internal Revenue Service issued Notice 2024-55, which provides guidance regarding two provisions of the SECURE 2.0 Act—Withdrawals for Certain Emergency Expenses and Penalty-Free Withdrawal from Retirement Plans for Individual in Case of Domestic Abuse. Both...

The US Government Accountability Office last month issued a report entitled "401(k) Retirement Plan Tax Notices: Federal Actions Can Help Participants Understand Their Distribution Options. The GAO Report is required under section 336 of the SECURE 2.0 Act, which requires GAO to...

The Investment Company Institute submitted comments on the proposed Information Collection Request issued by the Department of Labor, which proposes to collect information voluntarily in order to establish the Retirement Savings Lost and Found database, as directed by Section 303 of...