IRS Reminder: File Form 5500 Before July 31

Form 5500 is a report containing financial, investment and operational information about employee benefit plans, including those plans that participate in the ABA Retirement Funds Program ("the Program”). Plans with fewer than 100 participants as of the beginning of the plan year may file Form 5500-SF (short form) while plans with 100 or more participants as of the beginning...

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President’s Executive Order Seeks to Ease Rules on Retirement Plan Distributions

On August 31, 2018, President Trump signed an executive order (EO) that directs the Departments of Labor (DOL) and the Treasury to work on a number of new regulatory matters concerning retirement plans. The EO does not make changes to current regulations. It simply orders the agencies to examine certain issues and to release proposed regulations or other guidance,...

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Newly Implemented Fiduciary Regulations from the U.S. Department of Labor

There has been a significant amount of press regarding the definition of a “fiduciary” and the U.S. Department of Labor’s issuance of the Regulations (the “Regulations”) related to this matter. The Regulations generally impact financial advisors, broker-dealers, banks, insurance companies and others who provide investment advice to a retirement plan covered by the Employee Retirement Income Security Act of...

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