Changes Impacting ERISA Are Coming
Across the country, retirement plan sponsors are in “wait and see mode” as the U.S. Department of Labor (DOL) works to rapidly rolling out proposed new regulations. Many of the efforts are intended to respond…
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Got a Hobby? Get Licensed and You May Have a Business Too!
Everyone has activities they enjoy doing—and the variety is fun to consider. Perhaps you enjoy whipping up artisanal cocktails to share with friends. Or, maybe you can’t wait to go fishing in your free time….
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Our Aging Population: The Important Role of Guardians
The Population Research Bureau projects that by 2060 (just 40 years from now), there will be 95 million Americans older than 65. That’s an increase of 52 million people from 2018! Who will care for…
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Executing A Will: Are You Ready?
If a family member or friend has asked you to execute their estate for them upon their death, chances are that, like most people, you said, “of course” without really thinking about your duties. Understandable….
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Hiring Outside Advisors Does Not Remove Plan Sponsor Fiduciary Liability
Plan sponsors have a lot of responsibility as fiduciaries when managing an employee benefit plan. They have to make sure that the plan assets are invested properly, employees are given adequate information about benefits, employees…
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IHeart Communications Slammed with ERISA Class Lawsuit
iHeart Communications Inc. is now battling a proposed class action in the Northern District of Texas captained by plan participants and beneficiaries of its 401(k) plan. The plaintiffs of the case claim plan sponsors did…
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Atlanta Expected to Approve Home Alcohol Delivery
A novel bill from the Atlanta City Council Public Safety Panel will permit neighborhood stores and wineries to deliver alcoholic beverages to patron homes. The Governor of Atlanta, Brian Kemp, has supposedly set the stage for this…
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North Carolina Real Estate Sees Spike During COVID-19 Pandemic
Throughout the United States, certain communities are seeing a large spike in real estate sales. In July of 2020, the urban community of Buncombe County, North Carolina, has experienced a 59% jump in pending real estate….
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IRS Offers Relief for Notarized Retirement Plan Elections and Consents
The Internal Revenue Service is easing spousal notarization and plan representative witness prerequisites this year for retirement plan elections in IRS Notice 2020-42. The notice discusses the physical presence condition for notarization or witnessing specific plan…
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