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Industry & Regulatory News
DOL Issues Advisory Opinion Regarding Investment Management Fees
The Department of Labor (DOL) has responded to fiduciary responsibility questions from Citigroup Inc. (Citi) related to their Racial Equity Asset Manager Program.
Industry & Regulatory News
IRS Announces Deadline Relief for Seawater Intrusion in Parts of Louisiana
The IRS has announced the postponement of certain tax-related deadlines for victims of seawater intrusion in parts of Louisiana.
Industry & Regulatory News
IRS Priority Guidance Plan Includes Retirement Items
The IRS has issued its 2023-2024 Priority Guidance Plan, in which it describes guidance projects in the current fiscal year.
Industry & Regulatory News
IRS Updates Several Model VCP Compliance Forms
In a recent issue of the Employee Plans News, the IRS has announced the update of several forms used to submit Voluntary Correction Program applications to the IRS.
Industry & Regulatory News
Legislation Expanding HSA Access Clears Committee
The House Ways and Means Committee held a markup of two bills intending to expand access to Health Savings Accounts (HSAs).
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Tennessee Severe Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 27, 2023, for Tennessee severe storms, for the incident period of August 7, 2023.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for California Tropical Storm Hilary
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 27, 2023, for California Tropical Storm Hilary, for the incident period of August 19 – August 21, 2023.
Industry & Regulatory News
IRS Announces Deadline Relief for Hurricane Lee in Massachusetts
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Lee.
Industry & Regulatory News
IRS Announces Deadline Relief for Hurricane Lee in Maine
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Lee.
Industry & Regulatory News
Proposal Expanding HSA Access Introduced in House
Representatives Greg Steube (R-FL) and co-sponsor Kat Cammack (R-FL) have introduced H.R. 5608, the Affordable Care and Comprehensive Economic Support through Savings (ACCESS) Act.