The November midterm elections will have a direct impact on the direction Congress takes next year on a number of issues, including retirement security, when the 116th Congress is sworn in on January 3, 2019.
On November 1, 2018, the Internal Revenue Service (IRS) announced the annual adjustments to the contribution and benefit limitations for qualified plans in 2019.
In response to an August 31, 2018 Executive Order (EO) from President Trump, the Department of Labor (DOL) on October 22nd released proposed rules that are designed to make it easier for businesses to join multiple employer plans (MEPs).
On October 17, 2018, the Trump Administration released its fall 2018 regulatory agenda.
Plan administrators of qualified plans, 403(a) plans, 403(b) plans, and governmental 457(b) plans are required to provide a written explanation of the eligible rollover distribution rules to participants within a reasonable period of time