Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Compliance February 27, 2015
Guide Compares Plans for Tax-Exempt and Governmental Entities
The IRS has released a publication to help tax-exempt and governmental entities choose a retirement plan.
Reported by PLANSPONSOR staff
The Internal Revenue Service (IRS) has issued a publication, “Choose a Retirement Plan,” which offers a comparison of plan types available to employees of tax-exempt and governmental entities.
The publication includes a plan feature comparison chart with highlights of eight types of retirement plans—noting the latest tax laws specific to each plan.
For each plan type the guide answers such questions as:
- What is the maximum annual contribution?
- Are catch-up contributions allowed?
- What are the minimum employee coverage requirements?
- When do distributions begin?
The publication is here.
You Might Also Like:
IRS Provides Relief for Participants Impacted by California Wildfires
Relief includes postponed deadlines for 2024 retirement contributions and penalty-free hardship withdrawals for impacted participants.
IRS Covered Compensation Tables Available for 2025
The two tables allow plan sponsors to determine additional benefits for employees whose compensation exceeds certain levels.
IRS Delays Applicability of Certain Proposed RMD Rules to 2026
The agency decided to extend the deadline after commenters expressed timing concerns for implementing the final regulations.