DOL Publishes Final ESG Rule. The back and forth associated with the developing rules for environmental, social, and governance (“ESG”) investments by ERISA plans has reached a new.
On October 21st, the IRS announced changes to its qualified plan determination letter program. Most notably, the program has been expanded to include section 403(b) tax-sheltered annuity plans ("403(b) plans").
The Department of Labor recently proposed updates to its Voluntary Fiduciary Correction Program (VFCP), which would allow fiduciaries the opportunity to self-correct certain matters.
On October 21st, the IRS announced changes to its qualified plan determination letter program. Most notably, the program has been expanded to include section 403(b) tax-sheltered.
The IRS changed its qualified plan determination letter program which now includes section 403b tax sheltered annuity plans. The IRS released a determination letter program for individually designed 403b plans which addresses the risk of an audit revealing a disqualifying error.