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25Oct

FLASHPOINT: THE NEW MEP (MEH!) PROPOSED REGULATIONS

The Department of Labor (“DOL”) issued proposed regulations (the “Proposal”) on October 22, 2018, that represent the first major step in changing its restrictions on multiple employer plans (“MEPs”). However, it is just the first step, and does not change the landscape for Open MEPs. The Proposal was issued in response to the President’s August […]
03Oct

FlashPoint: New EPCRS Procedure: Electronic Submission of VCP and Not A Whole Lot More

On September 28, 2018, the IRS issued Revenue Procedure 2018-52, the latest version of the Employee Plans Compliance Resolution System (“EPCRS”), the IRS’s comprehensive procedures for correcting retirement plan errors. Using this procedure, retirement plan sponsors may fix mistakes in their qualified plans, 403(b) plans, 403(a) retirement annuities, SEPs, and SIMPLEs. Although they are not […]
09May

FLASHPOINT: DOL FIDUCIARY RULES: WHERE THE HECK ARE WE NOW?

  As we discussed in our FlashPoint entitled, “Did the 5th Circuit Kill the Fiduciary Rule?” on March 15, 2018, the 5th Circuit Court of Appeals vacated the Department of Labor’s (DOL) fiduciary regulations and the related prohibited transactions in relation to investment advice.  (For purposes of this FlashPoint, we will call these the “New […]
19Mar

FLASHPOINT: DID THE 5TH CIRCUIT KILL THE DOL FIDUCIARY RULES?

This update is published by Ferenczy Benefits Law Center to provide information about recent developments to our clients and friends. It is intended to be informational and does not constitute legal advice for any particular situation. It also may be considered to be “attorney advertising” under the rules of certain states.   Ferenczy FlashPoint:  Did […]
  • Posted by Marta Ward
  • On March 19, 2018
  • BICE DOL Fiduciary Regulations, Pensions on Peachtree, Regulations
  • 0 likes
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22Dec

FLASHPOINT: THE NEW TAX BILL IS ENACTED – WHAT DOES THIS MEAN FOR RETIREMENT PLANS?

The Tax Cuts and Jobs Act—actually the name the Senate Parliamentarian insisted on is “An act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018”— (“New Law”) was passed by both houses of Congress and signed by the President on December 22,2017. Those […]
  • Posted by Marta Ward
  • On December 22, 2017
  • 401(k), Tax Reform
  • 3 likes
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