On February 5, 2021, the American Retirement Association wrote to the Internal Revenue Service in response to Notice 2020-86 that provided guidance on the SECURE Act provisions which eliminated certain safe harbor notice requirements and allowed for the retroactive adoption of safe harbor status. (more…)
The American Retirement Association wrote to the Department of Labor to comment on the proposed rule to create a new additional safe harbor for the use of electronic media by employee benefit plans to furnish information to participants and beneficiaries. (more…)
The American Retirement Association wrote to the Internal Revenue Service to provide recommendations on mid-year safe harbor amendments in response to IRS Notice 2016-16. The American Retirement Association recommended that the guidance contained in IRS Notice 2016-16 be expanded further in six specific areas. (more…)
The American Retirement Association wrote to the Department of Labor in response to the request for comments on the proposed guidance for payroll deduction IRA programs offered by political subdivisions within a state. The American Retirement Association recommended that the non-ERISA safe harbor created for state-based payroll deduction savings programs not be extended certain political...
The American Retirement Association wrote to the Internal Revenue Service with nine specific recommendations on the additional guidance needed for mid-year changes to safe harbor 401(k) and 403(b) plans in response to IRS Notice 2016-16. (more…)
The American Retirement Association wrote to the Department of Labor in response to the request for comments on the proposed guidance for payroll deduction IRA programs offered by states and to request a public hearing be held on the proposal. In the letter, the American Retirement Association recommended that the non-ERISA safe harbor under the...