by PC Editorial Staff | Aug 9, 2022 | IRA, IRS, Retirement Plans
The Internal Revenue Service (IRS) recently released guidance that provides an extension to make retirement plan changes based on amendments to the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), the Bipartisan Miners Act of 2019 (the...
by PC Editorial Staff | Mar 8, 2022 | DOL, ERISA, IRS, Retirement Plans, SEC
On March 7th, 2022, the U.S. Department of Labor (DOL) announced amendments to class exemptions in prohibited transaction rules within the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC). Specifically, the amendments deal...
by PC Editorial Staff | Nov 9, 2021 | Employee Benefits Administration, IRA, IRS, Retirement Plans
On November 4th, 2021, the Internal Revenue Service (IRS) announced cost-of-living adjustments (COLA) for 2022 benefit and contribution limits. Specifically, employee contribution limits increase for 401(k), 403(b), and most 457 plans. In addition, the federal...
by Editorial Staff | Jul 20, 2021 | IRS, Retirement Plans
The IRS has released information on multiemployer pension plan financial assistance in conjunction with the Pension Benefit Guaranty Corporation (PBGC). Basically, the IRS and the PBGC announced an interim final rule implementing a Special Financial Assistance Program...
by Editorial Staff | May 11, 2021 | Coronavirus (COVID-19), Independent contractors, retaliation, Retirement Plans
Personnel Concepts provides timely state regulatory activity and essential employment law information to its customers. Our research and regulatory monitoring team frequently tracks labor law developments from all 50 states. The following list of findings from this...
by Editorial Staff | Apr 20, 2021 | cybersecurity, DOL, EBSA, Retirement Plans
On April 14th, 2021, the Department of Labor (DOL) announced cybersecurity guidance for plan sponsors, fiduciaries, recordkeepers, and plan participants. Specifically, the direction includes best practices for maintaining cybersecurity, including tips on protecting...