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Nationwide Partners with Annexus Retirement Solutions to Introduce Lifetime Income Builder: Next-Generation In-plan Guaranteed Income Solution

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Nationwide Partners with Annexus Retirement Solutions to Introduce Lifetime Income Builder: Next-Generation In-plan Guaranteed Income Solution
February 4, 2021 GMT
COLUMBUS, Ohio, Feb. 4, 2021 /PRNewswire/ Nationwide and Annexus Retirement Solutions today announced that they have partnered to bring to market Lifetime Income Builder, an innovative in-plan guaranteed income solution that is built to help retirement plan participants maximize their retirement income. The new retirement plan investment option, slated to launch later this year, is an expansion of an already successful partnership between Nationwide and Annexus, which has involved bringing new products to market over the past seven years. ....

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Employee Benefits Developments - January 2021 | Hodgson Russ LLP

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The Employee Benefits Practice is pleased to present the Employee Benefits Developments Newsletter for the month of January 2021.

U.S. Department of Labor Issues Final Prohibited Transaction Exemption Regarding Compensation for Fiduciary Investment Advisers of Retirement Plans and IRAs
Consolidated Appropriations Act, 2021 (CAA): Retirement Plan Relief
DOL Issues Proxy Voting Regulations for Plan Fiduciaries
Retirement Plan Elections/Consents: IRS Extends Temporary Relief From the Physical Presence Requirement for Participant Elections/Consents Witnessed by a Notary Public or Plan Representative
Court Dismisses COBRA Lawsuit

U.S. Department of Labor Issues Final Prohibited Transaction Exemption Regarding Compensation for Fiduciary Investment Advisers of Retirement Plans and IRAs ....

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What Is the SECURE Act?

What Is the SECURE Act?
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The Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed in December 2019 and became a law as of Jan. 1, 2020. The legislation created changes for long-term retirement savings and has financial impacts for Americans at every age.
What Is the SECURE Act?
The SECURE Act changed a variety of retirement account rules, including who is eligible to contribute to retirement accounts and when withdrawals are required. The new legislation also adds a new exception to the early withdrawal penalty. ....

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Consolidated Appropriations Act, 2021 (CAA): Retirement Plan Relief | Hodgson Russ LLP

On December 27, 2020, the President signed the Consolidated Appropriations Act of 2021 ("CAA") that included a number of COVID-related relief provisions for employee benefit plans. ....

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Breaking Down The SECURE Act on Its One Year Anniversary

The much-ballyhooed SECURE act has been in effect for one year; what does that actually mean?
Matt Munn | Feb 02, 2021
The Setting Every Community Up for Retirement Enhancement (SECURE Act), was officially enacted on January 1, 2020 and is generally considered the largest retirement reform to impact the economy since the Pension Protection Act of 2006. The bill itself is the product of a bipartisan effort to make retirement savings more accessible for less-advantaged people.
Considering the significance of the Act, there are a wide array of tax provisions that may impact you and your business. The Act had two main initiatives. The first was aimed at businesses/employers to entice companies to start new retirement plans or make updates to existing plans in order to attract more participation from employees. The second initiative was focused on individuals. The Act modifies some rules surrounding retirement to simplify how distributions are made and provides opport ....

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