Retirement Plan Roundup - July 2022

Summer is finally here, and for many of us, that means a bit of downtime. Leading into it, we assisted two clients with inquiries from IRS and DOL. Hot tip – it’s true; they are on the lookout for operational and fiduciary failures. Courtenay also spoke at Institutional Investor’s Retirement Plan Advisor Summit in Miami about ESG investing, and DCIIA/SPARK’s Public Policy Forum in DC weighing in on the advisor’s perspective of cybersecurity. On a cool note, our very favorite budgeting software, You Need a Budget, announced a corporate wellness offering. You should check it out! (We don’t receive anything, we just love them.)

Mark Your Calendar

We've got a webinar coming up on August 25 with CE credit entitled, Asset Allocation Considerations for a Changing World.

Regulatory Round-up

  • DOL released guidance in March discouraging Cryptocurrencies and other digital assets for retirement plans. Now they face a lawsuit.

  • The Senate Finance Committee voted 28-0 to favorably report an amended version of the Enhancing American Retirement Now (EARN) Act, which includes more than 70 proposals aimed at helping more Americans save. This is their version of the House’s SECURE 2.0. Senators from both parties noted that they hope the full Senate will approve the legislation quickly and they can begin working with the House on merging the differences between the bills in order to approve the legislation before Congress adjourns for the year.

  • Speaking of what's happening in our nation's capital, the 2022 National Association of Plan Advisors DC Fly-In Forum will be held July 26-27 and we’re on the planning committee. We’ll be lobbying for expediting and merging the proposals above.

RPI Blog Round-up

Want to know what we’re talking about on our blog? Here’s the latest:

What we're talking about Live on Linkedin

Twice a month or so we hop on Linkedin and talk to the interwebs about pertinent retirement plan topics. Follow Courtenay to view these.

If you need a refresh on what we do, it's here, but the TL;DR version is we work with growing organizations to navigate them to smart decisions on their retirement plan -- now and as the organization changes.

There are quite a few plans that are underserved these days, so if you need to chat about yours or know someone else who does, contact us!

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Compensation Planning in the Current Environment

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Foreign Employees and Company Retirement Plans