retirement insights

Retirement Insights - Q2 2021 Legislative and Regulatory Update

July 2021

In an effort to keep our clients informed, Ellwood looks forward to providing a high-level overview of current legislative, regulatory, and litigation issues in the retirement industry. Key lawmakers introduce comprehensive retirement policy legislation -- SECURE 2.0: House Ways and Means Committee Chairman Neal’s (D-MA) Securing a Strong Retirement Act of 2021 (SECURE 2.0) passed out of committee on a unanimous voice vote May 5, 2021. The bill includes:

Retirement Insights - Q1 2021 Legislative and Regulatory Update

April 2021

In an effort to keep our clients informed, Ellwood looks forward to providing a high-level overview of current legislative, regulatory, and litigation issues in the retirement industry.

Retirement Insights - DOL finalizes new rules on proxy voting

January 2021

In an effort to keep our clients informed, Ellwood looks forward to providing a high-level overview of current legislative, regulatory, and litigation issues in the retirement industry. Guidance with respect defined contribution plans: “Interim final rule” on lifetime income illustrations released. On August 18, 2020, DOL released an “interim final rule with request for comments” on lifetime income illustrations, required by the SECURE Act.

Retirement Insights - Q4 2020 Legislative and Regulatory Update

January 2021

In an effort to keep our clients informed, Ellwood looks forward to providing a high-level overview of current legislative, regulatory, and litigation issues in the retirement industry. Legislation – Ways and Means Chairman Neal introduces SECURE 2.0, releases automatic contribution plan proposal

Retirement Insights - Legislative and Regulatory Update October 2020

October 2020

In an effort to keep our clients informed, Ellwood looks forward to providing a high-level overview of current legislative, regulatory, and litigation issues in the retirement industry. Guidance with respect defined contribution plans: “Interim final rule” on lifetime income illustrations released. On August 18, 2020, DOL released an “interim final rule with request for comments” on lifetime income illustrations, required by the SECURE Act.

Retirement Insights - Legislative and Regulatory Update July 2020

July 2020

In an effort to keep our clients informed, Ellwood looks forward to providing a high-level overview of current legislative, regulatory, and litigation issues in the retirement industry. Legislation DOL releases proposed class Prohibited Transaction Exemption (PTE) with respect to fiduciary advice. On June 29, 2020, DOL released a proposed class PTE that would allow “investment advice fiduciaries … to receive compensation, including as a result of advice to roll over assets from a Plan to an IRA, and to engage in principal transactions, that would otherwise violate the prohibited transaction provisions of ERISA and the Code.”

Retirement Insights - Legislative and Regulatory Update April 2020

April 2020

In an effort to keep our clients informed, Ellwood looks forward to providing a high-level overview of current legislative, regulatory, and litigation issues in the retirement industry.

$2 Trillion Stimulus Package – Retirement Plan Provisions

March 2020

On March 27, 2020, President Trump signed into law a $2 trillion stimulus package in response to the coronavirus pandemic and the economic crisis it has generated. The legislation passed Congress with broad bipartisan support. 

SECURE Act Update

January 2020

On December 20, 2019, President Trump signed appropriations legislation that included the Setting Every Community Up for Retirement Enhancement (SECURE) Act. In this commentary, we provide detail on the highlights of the new legislation.

Evaluating Retirement Income in a Defined Contribution Plan

October 2019

As a defined contribution (DC) plan sponsor and fiduciary, you want to do right by all employees. You’re driven to increase participation rates and help participants save and grow assets, to keep plan costs reasonable, and to ensure continued access to appropriate investment options. But what about helping participants understand how to manage and spend their assets in retirement?