COVID-19
Thought Leadership
Understanding the CARES Act: Coronavirus-Related Distributions (CRDs)Understanding the CARES Act: Coronavirus-Related Distributions (CRDs)
Thought Leadership
Understanding the CARES Act: Required Minimum Distribution (RMD) WaiverUnderstanding the CARES Act: Required Minimum Distribution (RMD) Waiver
News Releases
Ascensus Supports Institutional Partners, Advisors, and Their Clients with Challenges Related to COVID-19 PandemicTechnology-Enabled Service Provider Shares Insights, Analysis, and Educational Resources
Dresher, PA—Ascensus, whose technology and expertise help millions of people save for retirement, education, and healthcare, is supporting institutional partners, advisors, and their clients during the COVID-19 pandemic via a variety of approaches that include COVID-19-specific resources, infographics, behavioral analytics, legislative insights, and more.
Industry & Regulatory News
Understanding the CARES Act: Expanded Health and Dependent Care OptionsUnderstanding the CARES Act: Expanded Health and Dependent Care Options
Industry & Regulatory News
IRS Q&A Clarifies Partial Plan Termination During COVID-19 PandemicThe IRS released a five-part Q&A on the temporary partial plan termination rules for qualified retirement plans in accordance with the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the Act). Generally, there is a presumption that a partial plan termination has taken place when an employer’s turnover rate is at least 20 percent during the plan year. Partial plan termination requires those participants covered under the portion of the plan that is terminated to be fully vested.
Industry & Regulatory News
Latest Pandemic Relief Legislation Signed Into LawPresident Biden has signed into law the American Rescue Plan Act one day after the House of Representatives voted to pass the amended package. Several provisions directly affect tax-advantaged savings arrangements.
Industry & Regulatory News
House Passes Amended COVID-19 Relief Bill; President to SignFollowing Senate passage on Saturday, the House of Representatives has passed by a vote of 220-211 the American Rescue Plan Act of 2021 to provide additional relief to address the continued impact of COVID-19. Included in the package are several items that would affect retirement and health benefits.
Industry & Regulatory News
SBA Rule Allows Schedule C Tax Filers to Use Gross Income for PPP LoansThe Small Business Administration (SBA) has issued an interim final rule effective March 4, 2021, that would allow business owners who file an IRS Form 1040, Schedule C, to use gross income rather than net earnings from self-employment in determining payroll costs for Paycheck Protection Program (PPP) loans. Previously, PPP rules defined payroll costs for individuals who file an IRS Form 1040, Schedule C, as payroll costs (if there are employees) plus net profits, which is net earnings from self-employment.
Industry & Regulatory News
Guidance Issued for Group Health Plans Regarding Coverage of COVID-19 ServicesThe Departments of Labor, Health and Human Services, and Treasury (the Departments) have issued "FAQs About Families First Coronavirus Response Act and Coronavirus Aid, Relief, and Economic Security Act Implementation Part 44" (the FAQs).
Industry & Regulatory News
House Passes COVID-19 Relief BillThe House of Representatives has passed by a vote of 219-212 the American Rescue Plan Act of 2021 to provide additional relief to address the continued impact of COVID-19. Noteworthy retirement and health provisions include the following.