All 403(b) Plan Sponsors Should Focus on Document Remedial Amendment Period
403(b) plan sponsors have until March 31, 2020, to adopt a pre-approved plan document and to make sure their plan...
Tag: Internal Revenue Service
Pace of EBSA Settlements and Plan Corrections Is Strong
“On the retirement side, again, there is a strong focus on missing participants, and EBSA is diving incredibly deep," says...
Sifting Through Retirement Plan Regulations
Understanding the hierarchy of regulations and how plan sponsors should interpret seemingly conflicting ones.
Church Plan Operating Under Rules of ERISA Has Not Elected to Be an ERISA Plan
Since the Supreme Court decision about the definition of church plan under the Employee Retirement Income Security Act, the Internal...
PBGC Sets Disaster Relief on IRS Autopilot
With some exceptions, PBGC premium payers and data providers can now assume filing relief from the pension insurer in each...
Considerations for Changing the Interest Crediting Rate in a Cash Balance Plan
In an issue snapshot, the Internal Revenue Service (IRS) discusses when a cash balance plan amendment reduces (or potentially reduces)...
IRS and DOL Asked for Better Guidance on Missing Participants
The Plan Sponsor Council of America has heard concerns from its members that they have been or may be subjected...
Compensation and Benefit Limits Affected by Short Plan Year
If a short plan year is created when a plan is amended, terminates or is newly adopted, proration of the...
IRS Reminds Plan Sponsors When a Complete Discontinuance of Contributions Occurs
If there is a complete discontinuance of contributions in a profit sharing plan, including a 401(k) plan, the plan is...
(b)lines Ask the Experts – Dealing With Missing Participants
“I have been reading a lot about missing retirement plan participants lately. If our plan has any, should I be...
IRS Announces 2019 HSA Contribution Limits
For an individual with family coverage, the 2019 health savings account (HSA) contribution limit is $7,000, up from the recently...
IRS Reverses Change in HSA Limit
The IRS says it is reversing the change to the limitation because stakeholders informed it that implementing the $50 reduction...
IRS Seeks Input for Determination Letter Program Exceptions in 2019
When the IRS ended its determination letter program, it said it anticipates making exceptions based on program capacity to work...
Opinions |
DB Q&A: Defined Benefit Plan Mortality Assumptions
Marcia Wagner, founder of The Wagner Law Group, answers questions about the IRS’ guidance about mortality tables that apply for...
IRS Modifies VCP User Fees
The agency also issued information about how to obtain or re-establish an employer identification number (EIN) for a retirement plan...
IRS Announces 2018 Health FSA Limit
The agency also issued a reminder that a certain amount of flexible spending account assets can be rolled over to...
IRS Releases Covered Compensation Tables
The tables are to be used for determining contributions to DB plans and permitted disparity in DC plan contributions.
IRS Memo Includes Guidance Regarding RMDs and Missing Participants
The memo lists actions plan sponsors should take to locate missing participants in order not to be challenged on violating...
IRS Letter May Open Door for Auto Enrollment in More Governmental 457 Plans
In response to a private letter ruling from the IRS, ICMA-RC will provide its public-sector clients with a model 457(b)...
Questions to Skip on Form 5500
“As we are preparing to finalize our 2016 Form 5500s in time for the extended deadline, a colleague of mine...