IRS to Host Webcast About Determination Letter Program Changes
The upcoming webcast will detail major changes to the IRS determination letter and remedial plan amendment programs being implemented January...
Tag: IRS
IRS Requesting DB Lump-Sum Payment Window Information
DB plan sponsors requesting a determination letter should identify whether the plan has risk transfer language.
Form 5500 Annual Report Modernization Proposed
Regulators including the DOL, PBGC and IRS are seeking to update the reporting requirements related to the Form 5500 filed...
Cash Balance Plans Continue to Be Attractive Option for Employers
Kravitz found a 19% year-over-year increase in new cash balance plans, compared to 2% for new 401(k)s.
One-Third of Retirement Plans Audited in Past Two Years
Yet, retirement plan sponsors surveyed ranked regulatory compliance below investment volatility and retirement benefit costs as a top plan governance...
IRS Officially Ends Determination Letter Program
There are only three cases for which a retirement plan sponsor with an individually designed plan may request a determination...
Industry Coming Together with Washington to Improve Retirement Security
PLANSPONSOR spoke with Anne Lester from J.P. Morgan to test her optimism about the potential for any new retirement-related legislation...
(b)lines Ask the Experts – Delaying RMDs When Switching to Controlled Employer
“I work with the retirement plan of a private university that sponsors an Employee Retirement Income Security Act (ERISA) 403(b)...
IRS Proposes Deferred Compensation Plan Tax Regulations
As proposed, the regulations would impact the tax burdens of participants and beneficiaries of deferred compensation plans of state and...
IRS Hosting Webcast About Nondiscrimination Rules for Closed DBs
The agency proposed nondiscrimination relief for closed defined benefit (DB) plans in January.
PSNC 2016: DOL and IRS Audits
The IRS has announced a new strategy for retirement plan compliance efforts. What should plan sponsors do to prepare for...
Committee Offers Recommendations for Determination Letter Program
The committee says all members “strongly concur” the IRS should not eliminate periodic determination letters under the retirement plan determination...
Groups Ask for More Guidance About QLACs
A letter to the IRS notes that it is rare for a DC retirement plan to offer a QLAC option...
ABC Requests Extension for IRS' New Mortality Assumptions
The American Benefits Council is asking for more time before the IRS imposes new mortality assumptions on defined benefit plans.
What to Anticipate from Washington for Retirement Plans
While retirement industry regulators have been busy, not much has come out of Congress affecting retirement plans, but that may...
IRS Offers Submission Kit for Missed Plan Restatement Deadline
The new page on the IRS website includes a new correction method for retirement plan sponsors who miss the restatement...
IRS Issues Final Rules for Multiemployer Plan Suspension of Benefits
The final rule includes limitations on suspensions, requirements for benefit improvements, notice requirements and details of the approval or rejection...
IRS Withdraws Some Proposed Nondiscrimination Rules
Rules affecting cross-tested plans were included in proposed guidance providing nondiscrimination testing relief for certain DB plans.
IRS Offers New Correction for Missed Plan Restatements
April 30 is the deadline for employers using preapproved retirement plan documents to sign an updated version.
Understanding Tribal Government Retirement Plans
Administering tribal government retirement plans requires understanding of federal law, state law and tribal law.