Posts Tagged ‘retirement plans’

Fiduciary Rule cancelled, subject to further appeal by DOL

For several years now, many in the retirement plan industry have been talking about the U.S. Department of Labor’s (DOL) new regulations and rules collectively referred to as the “Fiduciary Rule,” which significantly expanded the population of persons considered to be fiduciaries and, therefore, subject to regulation under the Employee Retirement Income Security Act (ERISA).…

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IRS announces special relief to help victims of Hurricane Harvey

Last week the IRS announced that 401(k) plans and certain similar employer-sponsored retirement plans can make loans and hardship distributions to help victims of Hurricane Harvey. Under the relief, a qualified employer retirement plan will not be treated as failing to satisfy any requirement under the Internal Revenue Code merely because the plan makes a…

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Sixth Circuit decision bucks trend on same‑sex marriage

The last several weeks and months have seen an unmistakable trend in federal court decisions paving the way for same-sex marriage in a majority of states. But just when it appeared that same-sex marriage might have gained unstoppable momentum, the Sixth Circuit Court of Appeals made its long-awaited decision regarding same-sex marriage bans in Ohio, Kentucky, Michigan and Tennessee.

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EMPLOYEE BENEFITS LAW ALERT » What the legalization of same‑sex marriage means for Oklahoma employers

On Monday, Oklahoma became one of five additional U.S. states required to allow same-sex couples to marry after the U.S. Supreme Court refused to review lower court decisions that overturned state bans on same-sex marriage. The other four states immediately affected by the decision were Indiana, Utah, Virginia and Wisconsin. Six other states with similar…

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McAfee & Taft publishes video series from EmployerLINC2014 seminar

McAfee & Taft has made available, at no cost, videos of the presentations from its recent labor, employment and employee benefits seminar, EmployerLINC2014. More than 1,000 business owners, executives, human resources professionals and benefits managers signed up to attend, resulting in a capacity crowd at the National Cowboy & Western Heritage Museum in Oklahoma City on…

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ERISA = Every Ridiculous Idea Since Adam

It is rumored that President Reagan once referred to the Employee Retirement Income Security Act of 1974 (ERISA) as Every Ridiculous Idea Since Adam. ERISA serves important purposes in our society, but it also presents tremendous challenges and potential liabilities for good-intentioned employers who merely want to provide nice benefits to their employees.

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