What's New
Perspectives on the election outcome—and its implications to retirement plans and the economy.
New guidance for fiduciaries of ERISA plans around environmental, social and governance (ESG) investing
Voya Claims 360 helps to ensure supplemental benefits are used more often.
Christine Hurtsellers, CEO of investment management, and Charles Nelson, CEO of retirement, at Voya Financial Inc., have issued a public comment on the Employee Benefits Security Administration's proposed rule entitled "Financial Factors in Selecting Plan Investments". The comment was written on July 29, 2020, and posted on Aug. 5, 2020:
A simply intuitive solution for making complex financial decisions
On June 19, 2020, the Internal Revenue Service (IRS) released Notice 2020-50 (Notice), providing guidance on Coronavirus-Related Distributions (CRDs) and loan relief under section 2202 of the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act).
In Notice 2020-51, released on June 23, 2020, the IRS provided additional guidance regarding the waiver of the required minimum distribution (RMD) for the 2020 tax year under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The Notice also includes transition relief for plan administrators and payors related to the change in the required beginning date for RMDs under the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act of 2019.
IRS Notice 2020-42 issued on June 3, 2020
In a nutshell: As an employer, you can now contribute up to $5,250 tax-exempt dollars toward your employees’ student debt balances.
This Nurses Week – now more than ever – we thank them for all they do.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes provisions applicable to retirement plans
Includes deadlines for employer contributions to qualified retirement plans for the 2019 tax year. Read more.
A summary of hardship distribution rules to help 401(k) plan sponsors prepare for an uptick in requests
The workplace and other employment consequences of responding to COVID-19 (coronavirus) will raise questions about 401(k) plan administration. Here are some questions that are likely to come up soon.
In markets like what we have experienced this year, “stay the course” is easier said than done.