The American Retirement Association wrote to the Department of Labor objecting to language being used in recent letters to plan sponsors who reported the correction of late deposit violations outside of the Voluntary Fiduciary Correction Program (VFCP). The American Retirement Association requested that the Department immediately cease threatening that “alternative enforcement measures” may be taken...
The American Retirement Association and the Investment Company Institute wrote to the Department of Labor to highlight for the Department’s consideration a recently released 2018 update to the 2011 study, “Delivering ERISA Disclosure for Defined Contribution Plans: Why the Time Has Come to Prefer Electronic Delivery” and to request a meeting in person to review...
The American Retirement Association wrote to the Internal Revenue Service asking for the expansion of the Self Correction Program (SCP) under the Employee Plans Compliance Resolution System (EPCRS) in response to Revenue Procedure 2018-4 and Revenue Procedure 2016-51. (more…)
Congress is expected to vote for the fifth time this week to temporarily extend (this time through March 22) the current levels of funding for federal operations under what is called a continuing resolution. The federal government has been functioning in this way since the 2018 fiscal year began on September 30, 2017 due to...
The American Retirement Association wrote to the Internal Revenue Service expressing concern with the recent revision of the user fees for the Voluntary Correction Program (VCP) submissions under the Employee Plans Compliance Resolution System (EPCRS) as announced in Revenue Procedure 2018-4. (more…)
In September, President Trump struck a bipartisan deal with House Minority Leader Nancy Pelosi (D-CA, 12th) and Senate Minority Leader Chuck Schumer (D-NY) that provided some immediate federal funding for the various emergencies resulting from an active hurricane season, extended the temporary suspension of the debt limit, and funded all other federal government operations until...
The American Retirement Association wrote to the American Institute of Certified Public Accountants (AICPA) with recommendations to improve the Proposed Statement on Auditing Standards that would modify the auditing standards related to employee benefit plan subject to ERISA. The American Retirement Association recommended to eliminate the new public disclosure requirement, to retain the materiality threshold...
The American Retirement Association wrote to the Department of Labor to ask for an extension of the transition period and delay of the applicability date of the Fiduciary Regulation recommending a “tiered” approach to determine the applicability date for the delayed provisions of the Best Interest Contract Exemption, the Principal Transaction Exemption, and amendments to...
The American Retirement Association wrote to the Internal Revenue Service to request for relief for taxpayers and service providers adversely affected by Hurricane Harvey. Specifically, American Retirement Association asked for hardship distribution relief and Form 5500 filing deadline relief patterned on past IRS announcements in the wake of Hurricane Sandy in 2012. (more…)
Congressional Republicans, nursing their wounds after the bruising debate to repeal Obamacare ended in failure, look to regroup in the fall and get their legislative agenda back on track. The crown jewel in that agenda is passing a comprehensive and permanent tax reform package. But many practical and political obstacles remain in the path to...
Copyright © 2026 · American Retirement Association (ARA) · All rights reserved.
Privacy Policy | Terms of Use
Press Enter to searchEsc to close