Page 4 - Correction Program News Today

Baseball season has just started, and retirement plan auditing season will soon kick into high gear. Many plan sponsors don’t see the value of a good…

On December 23, 2022, the Consolidated Appropriations Act of 2023 was passed by Congress, which included the SECURE 2.0 Act of 2022 ("SECURE 2.0" or "the Act"). This legislation...

Executive Summary: On December 23, 2022, the Consolidated Appropriations Act of 2023 was passed by Congress, which included the SECURE 2.0 Act of 2022 (“SECURE 2.0” or “the Act”). This...

The US Department of Labor (DOL) released an extensive regulatory agenda in January 2023 laying out the agency’s priorities for the year. The DOL has faced scrutiny from Congress this...

The wide-ranging SECURE 2.0 Act of 2022 (“SECURE 2.0”) radically altered the retirement plan landscape, and is likely to create a significant number of action items for sponsors of...

Effective disclosure, SECURE 2.0 and ESG are at the top of EBSA’s short-term agenda, according to EBSA Head Lisa Gomez.

Spacelabs Healthcare pays $2.5 million to settle allegations of overcharging federal agencies. USDA strategic approach and investments for water supply producers in the west. Wildland Fire Mitigation and Management Commission strategy to meet aerial firefighting equipment needs.

The Department of Labor extended to mid-April the deadline for public comments on amendments to the Voluntary Fiduciary Correction Program to reflect the impact of the SECURE Act 2.0.

The Department of Labor will reopen the comment period for a proposed rule to expand its Voluntary Fiduciary Correction Program.

Seyfarth Synopsis: In November 2022, the Internal Revenue Service (IRS) announced in Revenue Procedure 2022-40 an expansion to its Determination Letter Program which for the first time...