Market & Legal Update

MARKET: Despite the continued uncertainty regarding tariffs and lower consumer confidence, markets posted positive returns for the month of May. LEGAL: Learn how to address retirement plan issues in mergers and acquisitions.

MARKET: Markets were on track for the worst performance since 1932, but recovered from the April lows with relief coming from a pivot on tariff policy. LEGAL: Learn about Department of Labor guidance and best practices on cybersecurity for plan fiduciaries.

MARKET: Markets experienced their worst month since 2022 with volatility driven by the unpredictable trade policy that unfolded through March. LEGAL: Learn about the DOL's and EBSA's detailed guidance and best practices employers should take to locate missing participants.

MARKET: Investors looked past tariff threats, and a disappointing inflation report to push the S&P 500 to a record high mid-month, only to give back gains in the final weeks of February for the same reasons. LEGAL: Learn about the DOL's final rules regarding Voluntary Fiduciary Compliance Program Self Correction Component and what retirement plan sponsors need to address.

MARKET: Following two phenomenal years of back-to-back 20% plus gains for the S&P 500 in 2023 and 2024, investors aren’t sure what to expect in 2025. LEGAL: Learn about two key provisions for Roth Catch-up Contributions and Mandatory Automatic Enrollment from the SECURE 2.0 Act.

MARKET: Despite lingering inflation and higher interest rates for much of 2024, the S&P 500 posted back-to-back years of 20% plus gains for the first time since the late 1990s. LEGAL: Learn about important 2025 compliance deadlines and action items for employer-sponsored retirement plans.

MARKET: Despite volatility, election month leaves the market at record highs and the Federal Reserve announced another rate cut. LEGAL: Learn about 2025 super catch-up contributions and 2026 Roth catch-up contributions for high wage earners.

MARKET: Equities continued the trend of October being the weakest month during an election year and the Mag 7 has begun to loosen their grip on the stock market. LEGAL: Learn how the overturning of the Chevron doctrine may impact ERISA retirement plans.

MARKET: The Fed announced the first rate cut since 2020 and they continue to see inflation moving in the right direction towards 2% target. LEGAL: The IRS issued interim guidance on Qualified Student Loan Payments (QSLPs) and the steps employers can take to implement a QSLP match feature in their plan.

MARKET: The Fed provided a clear signal that it is prepared to start cutting rates during its annual Jackson Hole meeting. LEGAL: The IRS released final and proposed regulations providing guidance on changes to the Required Minimum Distribution rules that were put into law by the SECURE Act and SECURE 2.0 Act.

MARKET: U.S. stocks experienced a rollercoaster of a month in July following an encouraging inflation reading, a tech sector selloff, cooling labor market data and another FOMC meeting. LEGAL: Learn about the status of pending litigation regarding 401(k) plan forfeitures that have been brought up over the past year.

MARKET: Higher market gains in June were fueled by continued strength in the job market, inflation slowly progressing lower, possible Fed easing in 2024 and artificial intelligence. LEGAL: The U.S. Department of Labor published a new fiduciary investment advice rule, the Retirement Security Rule, under ERISA.

MARKET: Following a rough month of April for the markets, the U.S. stock market set aside worries about interest rates remaining high in part because stocks related to artificial-intelligence technology continue to climb. LEGAL: Earlier this year, the agencies released new Form 5500 with instructions which are applicable for filings applicable to plan years beginning on and after January 1, 2023.

MARKET: After a strong first quarter, April was a setback for the financial markets as geopolitical concerns begin to rise. LEGAL: Penalty-free withdrawal changes under the SECURE 2.0 Act for retirement plan participants who elect to receive distributions before age 59½.

MARKET: U.S. stocks continued a 5-month winning streak in March despite elevated interest rates and inflation. The Fed held rates steady once again in their March meeting. LEGAL: Understanding your retirement plan’s beneficiary designation provisions, the applicable law and implementing best practices and procedures can help your company avoid getting ensnared in messy litigation over death benefits.

MARKET: The timing and extent of anticipated rate cuts in 2024 have yet to materialize, but markets still rallied as the Dow, S&P 500 and NASDAQ all rose for the month. LEGAL: The SECURE 2.0 Act introduces Pension-Linked Emergency Savings Accounts' ("PLESA") and how it represents a significant stride towards enhancing financial security for American workers.

MARKET: After a whopping seven rate hikes in 2022 followed by another four hikes in 2023, the widely held expectation is that the Fed would begin cutting rates in 2024. LEGAL: Read the highlights of IRS Notice 2024-2 for guidance on specific revisions of this new law which is now in effect as of January 2024.

MARKET: U.S. markets closed out 2023 with a Santa Claus Rally and the likelihood for a recession has been reduced for 2024. LEGAL: Launch 2024 by marking your calendars with compliance requirements and access tools to help you stay up to speed with retirement plan deadlines.

MARKET: U.S. stocks experienced their best month in more than a year as inflation measures continue to cool. The Fed held rates steady, while economic output exceeded expectations. LEGAL: In our legal update, the Department of Treasury and IRS issued proposed regulations providing guidance regarding the “long-term part-time employee” rules that the SECURE Act of 2019 first added to the Internal Revenue Code.

MARKET: Stocks investors received no reprieve from September’s declines as equity markets declined again in October. Interest rates moved higher in October to 4.9% as measured by the 10-year Treasury Bond. LEGAL: In our legal update, we share the various types of auto-enrollment designs and considerations for employers so they can help ensure employees have sufficient resources available to support themselves in retirement.

MARKET: Following August's trend, equity markets continued declining in September as the Fed voted to keep interest rates unchanged at their highest levels in 22 years and advised more hikes could be on the horizon. LEGAL: The IRS has provided guidelines for defined benefit plan sponsors to use the newly approved IRS document when submitting their plan documents by the March 31, 2025 deadline.

MARKET: Equity markets declined overall in August despite trading upwards the last few trading days of the month as the market continues to weigh in on the path of interest rates by the Fed. LEGAL: Retirement plan sponsors are getting some relief and guidance from the recent IRS announcement that they have an additional two years to implement the mandatory Roth catch-up provision outlined in SECURE 2.0.

MARKET: July was an encouraging start to the second half of 2023, as there were positive results in both markets and the economy. Inflation continued to cool while economic output exceeded expectations, although the Fed continued their hawkish path by restarting rate hikes. LEGAL: The IRS has issued two pieces of guidance on two provisions of SECURE 2.0 relating to expanded plan correction and required minimum distributions.

MARKET: June’s positive economic developments were somewhat of a surprise given the dire forecasts of many economists earlier in the year, as many predicted a recession later in 2023 given the Fed’s efforts to cool the economy over the last year. LEGAL: While the SECURE 2.0 Act of 2022 provided employer retirement plan sponsors with many new potential design features, certain provisions related to Roth (after-tax) treatment have left employers and providers confused. This article will address the following three of those changes.