American Rescue Plan Act Provides Aid to Pension Plans

The American Rescue Plan Act provides significant aid and funding for suffering pension plans, in part through direct financial assistance.

Don’t Overlook Advantageous Provisions of the SECURE Act

Although the 2019 SECURE Act was the most significant retirement plan policy legislation in over 10 years, its provisions have been somewhat in the background due to COVID-19. We've highlighted the following provisions that plan sponsors and employers without a plan may want to consider now.

How the New Employee Benefit Plan Auditing Standard (SAS No. 136) Will Impact Plan Audits

Statement on Auditing Standards No. 136 prescribes certain new performance requirements for an audit of financial statements of employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (ERISA) and changes the form and content of the related auditor's report. Read more.

2021-03-08T10:50:14-05:00February 26, 2021|Categories: Employee Benefit Plans, Retirement|Tags: , |

IRS Issues Guidance on 401(k) and 403(b) Plans

IRS guidance on the 15% maximum on automatic contributions, 401(k) and 403(b) plan safe harbor requirements and plan loan offset rollovers. Source: RSM US LLP. 

2021-03-08T10:29:05-05:00January 28, 2021|Categories: Accounting, Employee Benefit Plans, Retirement|Tags: , , |

DOL Issues Interim Rule on Lifetime Income Disclosure

(authored by RSM US LLP) The DOL’s lifetime income disclosure rule will increase costs and information required for benefit statements in defined contribution plans.

2020-08-26T08:56:01-04:00August 26, 2020|Categories: Retirement, Tax: Individual|Tags: , , |

Expanded Relief to Plan Participants for Coronavirus-Related Distributions

On June 19, 2020, the IRS issued Notice 2020-50 that expands the categories of individuals eligible for plan distributions and plan loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

2020-06-29T11:21:29-04:00June 29, 2020|Categories: PBMares COVID-19 Insights, Retirement|Tags: , |

How Can Plan Sponsors Help Participants During the COVID-19 Crisis?

Unless you own or operate a financial services company, giving out financial advice is probably way outside the scope of your usual responsibilities. 

2020-06-03T15:34:11-04:00June 3, 2020|Categories: PBMares COVID-19 Insights, Retirement, Wealth Management|Tags: |
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