Estate Liquidity and Generational Wealth Transfer Planning Needs

Estate Liquidity and Wealth Transfer Planning Needs

Fulcrum Partners Fulcrum Partners News

While there are numerous strategies when addressing the need for estate liquidity and wealth transfer planning, the goal is always to identify optimal solutions and opportunities. In a landscape where legislative and tax rules are ever changing, you want solutions that are both long-lasting and flexible. And no matter how well designed, legacy plans require timely review to ensure they …

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Proposed New Requirements for Pooled Plan Providers

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In order to remove possible barriers to the broader use of multiple employer plans, the Setting Every Community Up for Retirement Enhancement Act (the “SECURE Act”) of 2019 authorized the establishment of Pooled Employer Plans (“PEPs”), which are defined contribution plans that provide retirement benefits to employees of two or more unrelated employers funded entirely through individual retirement accounts.

Fulcrum Partners Labor Day 2020

Enjoy Your Labor Day Weekend

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Since September 5, 1882, the United States of America has celebrated Labor Day. Following twelve years of the date being celebrated and honored by the Central Labor Union, on June 28, 1894, President Grover Cleveland signed the law making the first Monday in September a national holiday every year.

Human Capital Disclosure Rules Revised by the SEC

Human Capital Disclosure Rules Revised by the SEC

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On August 26, the Securities and Exchange Commission (SEC) announced changes to Regulation S-K as part of its human capital disclosure requirements for companies’ non-financial reporting.

“Many of the amendments,” stated the SEC media release issued last week announcing the adoption of the new guidelines, “reflect the Commission’s long-standing commitment to a principles-based, registrant-specific approach to disclosure. These disclosure requirements, while prescriptive in some respects, are rooted in materiality and are designed to facilitate an understanding of each registrant’s business, financial condition, and prospects. The rules are designed for this information to be presented on a basis consistent with the lens that management and the board of directors use to manage and assess the registrant’s performance.

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SEC Final Rules for Proxy Voting Advice Businesses

Fulcrum Partners. Fulcrum Partners News

The rules are changing for Proxy Voting Advice Businesses (PVAB), with approval by the SEC of new guidelines. The SEC’s final rule statement (published July 22, 2020) explains, “The Securities and Exchange Commission (“Commission”) is adopting amendments to its rules governing proxy solicitations so that investors who use proxy voting advice receive more transparent, accurate, and complete information on which to make their voting decisions, without imposing undue costs or delays that could adversely affect the timely provision of proxy voting advice.

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The DOJ is Serious About Prosecuting PPP Loan Fraud

Fulcrum Partners. Fulcrum Partners News

A provision of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program, PPP, has been a difference-maker for many U.S. companies. As of June 30, 2020, nearly 5 million small and medium-sized businesses received a much-needed cash infusion to help them make payroll during the height of the COVID-19 pandemic. But where there is loan money available on payback forgiveness terms, there will inevitably be fraudsters attempting to game the system.