Benefits Blast

On August 7, President Trump signed an Executive Order directing the DOL, the SEC, and Treasury (including the IRS) to review and revise guidance to facilitate the inclusion of alternative investments—such as private equity, cryptocurrency, and other non-traditional assets—in defined contribution retirement plans. The Executive Order follows action in May of this year by the DOL to rescind its 2022 guidance that discouraged fiduciaries from including cryptocurrency options in 401(k) retirement plans.

What is the definition of compensation in a retirement plan used for and why does it matter? In this episode of Winston & Strawn’s Benefits Blast Podcast, Employee Benefits & Executive Compensation Partners Steve Flores and Nancy Gerrie discuss the different definitions of compensation used in retirement plans, including safe harbor and non-safe harbor and the complications that can arise if plan administrators use the wrong one.  

Yesterday, in Field Assistance Bulletin No. 2018-02, the Department of Labor’s Employee Benefit Security Administration  issued a temporary non-enforcement policy with regard to the ERISA Fiduciary Rule.

Winston & Strawn is pleased to announce the relaunch of the Benefits Blast blog.