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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? appeared first on EMPLOYEE BENEFITS BLOG. Compliance Assistance Release No.

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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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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 As discussed in more detail below, SECURE 2.0 However, SECURE 2.0

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Responsible Financial Innovation Act: Proposed Tax and Reporting for Digital Assets

McDermott Will & Emery Employee Benefits

On June 7, 2022, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced the highly anticipated Responsible Financial Innovation Act (the bill), which sets out to create the first complete regulatory and bipartisan framework for digital assets.

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