DOL Clears Up Timing for Lifetime Income Illustrations
The agency promised to issue a final rule ‘as soon as practicable’ and recognized transition time may be needed if...
Tag: retirement plan regulations
How Multiemployer Plan Sponsors Can Manage Relief Payments
With PBGC dictating interest rate assumptions and permissible investments, there are steps plan sponsors should take to make the relief...
Regulators Issue Guidance on Multiemployer Plan Assistance
PBGC has issued an interim final rule addressing assistance requirements, and the IRS has released a notice for plan sponsors...
DOL Clarifies Its Stance on Providing Conversation Recordings, Transcripts to Benefit Claimants
The claims regulation referenced in a DOL information letter applies to both health and welfare plans and retirement plans, but...
IRS Extends Again Relief From Physical Presence Requirement for Participant Elections
The agency is requesting comments about whether relief should be made permanent.
IRS Reminds Plan Sponsors of Plan Qualification Requirements
The IRS updates its Operational Compliance List periodically to reflect new legislation and IRS guidance, and it reflects that many...
IRS Clarifies Implementation of Partial Plan Termination Relief
The agency says the relief applies to each plan year which falls inside the relief period, and provisions of the...
PBGC Simplifies Withdrawal Liability Calculation for Multiemployer Pension Plans
The agency expects the changes will reduce actuarial fees paid by multiemployer plans, but it admits the simplified methods might...
A Review of QDIA Regulations
Introduced as part of the Pension Protection Act of 2006, plan sponsors must follow certain rules to get the fiduciary...
Plan Administrators Don’t Have to Scramble to Report Qualified Plan Loan Offset Amounts
The IRS has issued final regulations regarding qualified plan loan offset amounts, which are the same as proposed regulations except...
Compliance Duties and Litigation Risks in 2021
Attorneys review what regulations plan sponsors must adhere to and legal decisions to keep in mind for the new year.
DOL Offers Guidance for Locating Missing Participants
Guidance in three parts offers suggested processes for DC plans and DB plans and reveals errors DOL staff should look...
Physical Presence Requirement Relief Extended Through June
The relief is for retirement plan participant elections and spousal consent required to be witnessed by a plan representative or...
IRS Issues Guidance on Auto-Enrollment Cap and Safe Harbor Notice Requirements
The guidance is intended to help employers that sponsor safe harbor plans comply with provisions of the SECURE Act.
Guidance on Missing Participants Listed as IRS Priority
The 2020-2021 Priority Guidance Plan says the agency will include guidance on uncashed checks.
Opinions |
Barry’s Pickings: Round and Round We Go
Michael Barry, president of O3 Plan Advisory Services LLC, discusses the political back and forth that occurs when administrations change,...
The Basics of Terminating a DC Plan
From updating the plan with statutory amendments to filing the final Form 5500, there are many details to attend to...
Effect of the Biden Administration on Health and Retirement Benefits
Health and retirement benefit plan sponsors will likely see efforts to reduce health costs for Americans and a rolling back...
IRS Updates Mortality Tables for Calculation of RMDs
The agency says the purpose of the updates is to allow retirees to retain more savings in their accounts in...
DOL Issues Final Rule With Softer Stance on ESG
The final version of the regulation emphasizes the importance of using only ‘pecuniary’ factors in the assessment of investment options...