Pension Content

The IRS and Treasury Department have released their 2023-2024 Priority Guidance Plan listing their priorities for tax regulations and other administrative guidance through June 2024.

On October 10, ICI filed a comment letter with the Securities and Exchange Commission (SEC or "Commission") on its proposal regarding conflicts of interest associated with the use of predictive data analytics (PDA) and other "covered technologies" by broker-dealers and investment...

On October 10, 2023, ICI submitted the attached letter to the Department of Labor (DOL) in response to the request for information (RFI) DOL issued on various provisions of the SECURE 2.0 Act that impact ERISA's reporting and disclosure requirements. The RFI includes 31 questions...

On September 21, 2023, a judge for the US District Court in the Northern District of Texas issued its decision in the case filed by attorneys general from 25 states against the Department of Labor (DOL). The judge granted DOL's cross motion for summary judgment, refusing the states'...

In November 2022, ICI filed an amicus brief in Matney v. Barrick Gold, urging the Tenth Circuit Court of Appeals to affirm the district court's dismissal of a retirement plan fee case. On September 6, 2023, the Tenth Circuit issued an opinion (attached below) affirming the dismissal...

IRS and Treasury on August 25, 2023, issued Notice 2023-62, which effectively provides for a 2-year delay (until taxable years beginning after December 31, 2025) of the applicability of section 603 of the SECURE 2.0 Act, which requires that catch-up contributions made by certain...

On August 23, 2023, the SEC adopted new rules and rule amendments under the Investment Advisers Act of 1940 ("Advisers Act") to reform the regulation of private fund advisers ("Private Fund Rules") and update the existing compliance rule that applies to all investment advisers (...

ICI on August 23, 2023, submitted a comment letter (Letter) to the IRS and Treasury addressing SECURE 2.0 Act section 305, which amends the Employee Plans Compliance Resolution System (EPCRS), and IRS Notice 2023-43, which provides interim guidance under section 305.

The US Government Accountability Office (GAO) recently published two reports examining retirement savings in the US, one focused on 403(b) plans and the other focused on retirement account disparities by race and income.

On August 11, 2023, the Department of Labor (DOL) released a new request for information (RFI) on provisions of the SECURE 2.0 Act that impact ERISA's reporting and disclosure requirements. The RFI includes 31 questions designed to solicit public feedback and begin developing a public...