Waiver of Required Minimum Distributions Updated through July 28, 2020 By Fred Reish, Bruce Ashton and Betsy Olson This is the third in our series of articles on special CARES Act provisions designed to help your 401(k) participants. In our prior articles, we discussed the temporary loan enhancement rules and
Special Distributions to Qualified Participants Updated through July 28, 2020 By Fred Reish, Bruce Ashton and Betsy Olson Our first article discussed CARES Act provisions designed to help your 401(k) participants with temporary loan enhancements. Here we discuss a second provision of the Act that can help participants who are
The Enhanced Loan Provision for Qualified Participants Updated through July 28, 2020 By Fred Reish, Bruce Ashton and Betsy Olson With the spread of the coronavirus and the resulting closures and cutbacks, many 401(k) participants are working reduced hours, but are not considered to be terminated for purposes of ERISA.
What is the Baseline for A Committee to Act in the Best Interest of its Participants? (Part 3) This is the fourth of the series about Best Practices for Plan Sponsors. In my last two posts (Best Practices for Plan Sponsors #2 and Best Practices for Plan Sponsors #3), I discuss
What is the Baseline for A Committee to Act in the Best Interest of Its Participants? (Part 2) This is the third of the series about Best Practices for Plan Sponsors. This is my second article about the case of Sacerdote v. New York University. As I discussed in my last
Projection of Retirement Income This is the first of the series about Best Practices for Plan Sponsors. “Best Practice” is above and beyond the legal requirements. Best Practices are not mandated; they are elected. While the most obvious Best Practices are automatic enrollment and automatic deferral increases, I want to
Concerns About 408(b)(2) Disclosures This is my 66th article about interesting observations concerning the Department of Labor’s fiduciary rule and exemptions. These articles also cover the DOL’s FAQs interpreting the regulation and exemptions and related developments in the securities laws. Because of the change in the definition of fiduciary advice
The Fiduciary Rule, Distributions and Rollovers This is my 61st article about interesting observations concerning the Department of Labor’s fiduciary rule and exemptions. These articles also cover the DOL’s FAQs interpreting the regulation and exemptions and related developments in the securities laws. Now that it seems likely that the fiduciary
The Fiduciary Rule and Exemptions: How Long Will Our Transition Be? This is my 52nd article about interesting observations concerning the Department of Labor’s fiduciary rule and exemptions. These articles also cover the DOL’s FAQs interpreting the regulation and exemptions and related developments in the securities laws. The fiduciary regulation
The Requirement to Disclose Fiduciary Status This is my 49th article about interesting observations concerning the Department of Labor’s fiduciary rule and exemptions. These articles also cover the DOL’s FAQs interpreting the regulation and exemptions and related developments in the securities laws. When the new fiduciary rule applies on June
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