Pension Operations Advisory Content

On February 11, the Department of Labor (DOL) released a 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 associated with changes in climate.

IRS Notice 2022-08 provides the 2022 Cumulative List of Changes in Section 403(b) Requirements for use by providers of pre-approved 403(b) plans applying for IRS opinion letters during the second remedial amendment cycle (Cycle 2) under the IRS's section 403(b) pre-approved plan...

The Department of Labor (DOL) recently submitted a helpful report to members of the House and Senate Appropriations Committees in support of the electronic disclosure safe harbor regulation that DOL finalized in May 2020.

On January 24, the US Supreme Court issued an opinion in Hughes v. Northwestern, a case regarding the investment lineup and fees in two 403(b) plans. At issue in this appeal is whether the petitioners stated a plausible claim for relief against the plan fiduciaries for breach of the...

On November 30, virtually, from Tokyo and Washington, DC, the Investment Trusts Association, Japan (JITA) and the Investment Company Institute (ICI) co-hosted a retirement savings roundtable. Eric Pan, ICI President and CEO, and Hiroshi Matsutani, JITA Chairman, hosted the two-hour...

In late December, the Department of Labor (DOL) released a Supplemental Statement ("Statement") intended to clarify its June 2020 Information Letter providing DOL's views on the use of private equity investments within 401(k) and other defined contribution (DC) plans.

As summarized below, the IRS has posted updated versions of various tax forms and instructions (some in draft form) related to pension and retirement plan distributions.

On December 28, 2021, the Department of Labor (DOL) released final revisions to the instructions for the Form 5500 Annual Return/Report of Employee Benefit Plan for multiple employer plans (MEPs), including pooled employer plans (PEPs).

The Department of Labor (DOL) and the Treasury Department and Internal Revenue Service (IRS) recently issued their updated Fall 2021 Semi-Annual Regulatory Agendas (Agendas), which include projected dates for issuance of proposed and final regulations.

On November 19, the ERISA Advisory Council (the "Council") held a virtual meeting to present its recommendations to the Department of Labor's (DOL) Employee Benefits Security Administration (EBSA) on its topics of study for 2021.