Considerations for Adopting a Safe-Harbor Plan Design
The deadline for adopting a new safe-harbor 401(k) plan is October 1, and while it’s not likely to be met...
Tag: Internal Revenue Service (IRS)
IRS Announces Revised VCP Forms
Last year, the IRS updated the comprehensive system of correction programs for sponsors of retirement plans.
IRS Allows for Effective Date Addendums for 403(b) Plan Documents
Generally, the overall effective date for 403(b) pre-approved plans are plan years beginning on or after January 1, 2010, but...
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Wagner Law Group Offers Assistance in Absence of Determination Letter Program
In the absence of the determination letter program, the law firm is helping plan sponsors of tax-qualified plans remain compliant...
IRS Relaxes Loan, Hardship Rules for Hurricane Irma Victims
The PBGC and DOL also are providing relief similar to that provided to Hurricane Harvey victims.
IRS Reminds 403(b) Plan Sponsors of Common Plan Errors
In a new publication, the IRS lists rules for 403(b) compliance and resources from the agency to help plan sponsors.
IRS Seeks Suggestions for Presentation About Pre-Approved Plan Program
Last month, the agency announced changes to its pre-approved plan opinion letter program.
Regulators Have Big Agendas Still for 2017
On the IRS’ list are rules and guidance for which it still plans to issue a Notice of Proposed Rulemaking...
Treasury to Wind Down myRA Program
The department said demand for and investment in the myRA program has been extremely low.
IRS Updates Procedures for Applying for Suspension of Benefits
The MPRA permits the sponsor of a multiemployer defined benefit plan in critical and declining status to suspend benefits in...
IRS Issues 2017 Cumulative List of Pre-Approved Plan Requirements
The 2017 cumulative list includes provisions for Roth conversions, using lifetime income products in target-date funds (TDFs) and the use...
PSNC 2017: Fixing Your Mistakes—Correcting the Most Common Plan Errors
What errors do plan sponsors make most often, and what programs are available to fix them?
Wagner Law Group 403(b) Plan Document Approved by IRS
Wagner’s pre-approved plan document is a volume submitter plan.
IRS Clarifies Computation of Plan Loans Available to Participants
A memorandum suggests there are two ways an employer can determine the highest outstanding loan balance in the past year...
IRS Examiners Told to Look at Cash Balance Plan Benefit Formulas
A memo offers examples and would be a helpful guide for cash balance plan sponsors to assess whether their plan...
DC Plan Sponsors Have Until May 1 to Adopt Pre-Approved Plan
Plan sponsors with individually designed plan documents may want to adopt a pre-approved plan since the end of the IRS...
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Hanson Bridgett Launches Determination Letter Replacement Program
The firm can issue an opinion letter to the plan sponsor or administrator that the plan, as timely amended to...
Taxation of Retirement Accounts Is On the Table
One ERISA industry advocate directly engaged with members of Congress says he expects more proposals to emerge from Republicans seeking...
IRS Seeking Suggestions for DB Plan Webinar
The IRS is asking for suggestions for a presentation on minimum present value requirements for DB plans.
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Trucker Huss Offers Determination Letter Support
As the law changes, and as plan documents have to be amended, plan sponsors will no longer be able to...