PLANSPONSOR Weekend Newsdash
Week ending October 28th, 2016
Hello, PLANSPONSOR readers! Of course the big news this week is the announcement of contribution and benefits limits from the Internal Revenue Service (IRS), but there were also interesting developments in the courts. The AARP sued the Equal Employment Opportunity Commission (EEOC) for an injunction on its final wellness program rules, and since we reported that, an attorney has added some clarity about one of the AARP’s allegations that may surprise some plan sponsors. In addition, another church plan sponsor agreed to settle its lawsuit this week. We review procedures for correcting for an improper vesting calculation when a participant receives a payment, and the IRS has issued compliance relief for plan sponsors affected by Hurricane Matthew. All this and more in this edition of PLANSPONSOR Weekend.
Editor's choice
Deals and People
2017 Plan Sponsor of the Year Awards Nominations
The nomination period for our 2017 Plan Sponsor of the Year awards ends 11/4.Read more >
AARP Sues for Injunction of EEOC Wellness Program Rules
Among other things, the lawsuit says the Equal Employment Opportunity Commission failed to adequately justify its reversal of position and ignored comments on the proposed rules that expressed concern.Read more >
Providence Health Agrees to Settle Church Plan Challenge
The parties in the case reached a settlement following an appellate court’s conclusion that only a church can establish a church plan.Read more >
Correcting for an Improper Vesting Calculation
If a retirement plan pays an ex-employee less than its vesting schedule required, it could lose its qualified status.Read more >
IRS Relaxes Loan and Hardship Procedures for Hurricane Matthew Victims
The Internal Revenue Service (IRS) announced that defined contribution (DC) employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Matthew and members of their families.Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
2022 Recordkeeping Survey
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

Maximum Benefit and Contribution Limits Table 2023

Maximum Benefit/Contribution Limits for 2018 through 2023, with a downloadable PDF of limits from 2013 to 2023.

TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Some states are in more than one time zone.

Editorial: Alison Cooke Mintzer


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