Regulatory roundup

More retirement-related regulatory news for plan sponsors, including links to detailed information.

IRS releases guidance on withholding rules for 2018
The Internal Revenue Service has published Notice 2018-14 providing guidance on withholding rules. This notice extends the effective period of Forms W-4, Employee’s Withholding Allowance Certificate, furnished to claim exemption from income tax withholding under section 3402(n) of the Internal Revenue Code (Code) for 2017 until February 28, 2018.

For more information, click here.

Nearly one in five workers had access to financial planning benefits
According to the Bureau of Labor Statistics, about one-fifth of private industry workers were offered free or subsidized financial planning services from their employers in 2017. These services help employees make decisions about savings, borrowing, investing, home buying, education expenses, or retirement. While union and nonunion workers had similar rates of access to financial planning services, access varied based on size of establishment, wage level, and industry.

For more information, click here.

Leave a Reply