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When Are Cryptocurrencies Appropriate Investments for Retirement Plans and IRAs?

McDermott Will & Emery Employee Benefits

The US Department of Labor (DOL) recently issued guidance for the first time on the investment of retirement plan assets in cryptocurrencies. The post When Are Cryptocurrencies Appropriate Investments for Retirement Plans and IRAs? Compliance Assistance Release No. Compliance Assistance Release No.

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To the Moon After All? DOL Targets Cryptocurrency in Retirement Plans

Snell & Wilmer Benefits

2022-01 (the “Release”), the Department of Labor (the “Department”) signaled its intention to scrutinize inclusion of cryptocurrency assets and crypto-derivative products as investments in ERISA-covered retirement plans. In Compliance Assistance Release No.

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21 Financial Events and Trends During 2021

Money Talk

Some states/cities have moratoriums through dates in 2022. Insurance- COBRA premium assistance for health insurance was provided under the American Rescue Plan Act and Medicaid enrollment surpassed 80 million. Rental Housing- Rental relief funds were distributed slowly at the local level and there were multiple eviction moratoriums.

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SECURE 2.0 Brings Significant Changes for 403(b) Plans

Proskauer's Employee Benefits & Executive Compensa

As part of our continuing series on SECURE 2.0 , signed into law December 29, 2022, this post focuses on significant changes for section 403(b) tax-sheltered annuity plans (“403(b) plans”). Multiple Employer and Pooled Employer 403(b) Plans SECURE 2.0 However, SECURE 2.0

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SEC Adopts Final Pay Versus Performance Rules

McDermott Will & Emery Employee Benefits

On August 25, 2022, the US Securities and Exchange Commission (SEC) adopted final rules to implement the pay versus performance disclosure requirement mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).

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Salary Transparency Laws Set In Motion: What Does This Mean for New Yorkers?

HR Digest

Signed into law in 2022 by New York Governor Kathy Hochul, New York’s pay transparency law in 2023 is all set to go. The New York City Commission on Human Rights (NYCHR) and Law Enforcement Bureau have been cited as the two bodies that will likely oversee the enforcement of the law. What Is Included under the Pay Transparency Law?

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The feds want your opinion on climate change and 401(k)s

Business Management Daily

The EBSA wants your answers by May 16, 2022. Should EBSA use Form 5500 to collect data on climate-related financial risk to pension plans? EBSA, for example, could add questions to the form to collect data on climate-related financial risks to retirement plans and their service providers.

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