Compliance | October 15th, 2019 IRS Releases 2019-2020 Priority Guidance Plan The IRS invites public comments and suggestions about guidance.
Compliance | October 11th, 2019 IRS to Hold Public Hearing About Proposed MEP Rules Although, the DOL has issued final rules on association retirement plans, some are disappointed that the rules fell short of...
Compliance | October 7th, 2019 IRS Establishing Recurring Remedial Amendment Periods for 403(b) Plans Revenue Procedure 2019-39 also provides a limited extension of the initial remedial amendment period for certain form defects.
Compliance | September 27th, 2019 IRS Provides Guidance for Individual Coverage HRAs Starting in January 2020, employers will be able to use individual coverage HRAs to provide their workers with tax-preferred funds...
Compliance | September 13th, 2019 There’s a New IRS Mailing Address Plan Sponsors Need to Know The mailing address for Employee Plans (EP) submissions for determination letters, letter rulings, individual retirement arrangement (IRA) opinion letters, and...
Compliance | August 26th, 2019 Closed DB Plan Nondiscrimination Relief Extended Again The IRS anticipates that final regulations on closed DB plan nondiscrimination testing will not be published in time for plan...
Compliance | August 21st, 2019 DOL to Host Webcast About HRAs The Department of Labor (DOL) and the IRS will discuss the benefits of offering expanded options provided by new health...
Compliance | August 20th, 2019 IRS Makes Language Changes to ‘One-Bad-Apple’ Rule Proposal The IRS says that, as published, its Notice of Proposed Rulemaking (NPRM) contains errors which may prove to be misleading...
Compliance | August 19th, 2019 IRS Issues Guidance About Uncashed Retirement Plan Distributions A Revenue Ruling addresses whether an individual’s failure to cash a distribution check received alters the employer’s obligations with respect...
Deals and People | August 2nd, 2019 Retirement Industry People Moves Custodia adds former Pfizer HR chief to advisory council, and IRS names leader for Tax Exempt/Government Entities division.
Participants | July 29th, 2019 Lessening the Impact on Retirement Savings of Taking a Hardship Withdrawal Following rule changes plan sponsors still have discretion over limiting the amount of hardship withdrawals and participants can continue to...
Compliance | July 3rd, 2019 Self-Correcting the Inevitable Mistakes Even the most informed and dedicated retirement plan fiduciaries sometimes miss the target. The good news is, many mistakes can...
Compliance | July 2nd, 2019 IRS Proposes Change to ‘One-Bad-Apple’ Rule for MEPs Proposed regulations would provide an exception, if certain requirements are met, to a multiple employer plan (MEP) being disqualified due...
Compliance | July 1st, 2019 The Shifting Mechanics of Hardship Withdrawals In a new Snapshot publication, the IRS offers a detailed review of the shifting regulatory provisions applying to pre-retirement hardship...
Compliance | May 29th, 2019 IRS Announces 2020 HSA Contribution Limits The limits will increase $50 for an individual with self-only coverage and $100 for an individual with family coverage in...
Compliance | May 17th, 2019 Next Steps for Plan Sponsors After Determination Letter Program Expansion A client alert from Drinker Biddle & Reath goes into detail about the IRS’ recent expansion of its determination letter...
Compliance | May 16th, 2019 403(b) Plans Should Get Ready for IRS Initiatives The agency has indicated it will launch audit initiatives regarding 403(b) plan compliance this summer; the remedial amendment period and...
Compliance | May 3rd, 2019 Form 5500 Basics: What Sponsors Need to Know The purpose of Form 5500 is to obtain information regarding plan design and basic plan sponsor information, and the regulatory...
Compliance | May 2nd, 2019 IRS Expands Determination Letter Program for Individually Designed Plans The agency will accept determination letter applications for hybrid plans for a certain period and for merged plans on an...
Compliance | April 25th, 2019 IRS Seeks Recommendation for Guidance Priorities The Department of the Treasury and the IRS use the Priority Guidance Plan to identify the next tax issues that should...