Compliance | July 10th, 2015 IRS Announces Halt to Certain Lump-Sum Offerings Effective July 9, DB plan sponsors may no longer offer a lump-sum window to participants who have begun receiving installments.
Compliance | July 1st, 2015 Tips for Surviving an IRS Plan Audit An HR director from Vanderbilt University shared tips from her IRS 403(b) plan audit experience with attendees of the NTSA...
Compliance | June 23rd, 2015 IRS Publishes New VCP Kit for Certain Plans This kit is for plan sponsors who failed to make timely required contributions to money purchase or target benefit pension...
Compliance | June 23rd, 2015 IRS Publishes Information for Cycle E Plan Restatements The information includes worksheets and explanations for the second Cycle E plan language, and explanations of the determination letter review...
Compliance | June 9th, 2015 IRS Expands Pre-Approved Plans Program Cash balance plans and ESOPs can now be submitted for an approval letter from the IRS.
Data and Research | June 8th, 2015 Electronic Disclosure Rules Are So Last Century, SPARK Says Overly restrictive rules make it difficult for plan sponsors to distribute plan information electronically, a paper says.
Products | June 3rd, 2015 PSNC 2015: Plan Decumulation Strategies and Products Income products are a hot topic for the retirement plan industry.
Compliance | May 7th, 2015 EPCRS Updates Good News for Plan Sponsors Amendments to the IRS’ Employee Plans Compliance Resolution System (EPCRS) ease compliance and reduce costs for retirement plan sponsors.
Compliance | May 5th, 2015 Fidelity Wants Clarification About Loan and Hardship Records Fidelity wants the IRS to modify or withdrawal a recent newsletter article because it potentially establishes regulatory ambiguity.
Compliance | April 30th, 2015 You Failed Nondiscrimination Testing, Now What? Plan design can help retirement plans pass nondiscrimination testing.
Compliance | April 23rd, 2015 Retirement Plan Issues on the IRS’ Radar Restriction of resources is not keeping the IRS from making sure retirement plans are in compliance.
Compliance | April 6th, 2015 IRS Answers Questions About Reference Lists The IRS encourages plan sponsors to include completed reference lists with determination letter applications.
Compliance | April 6th, 2015 Reminder About Retirement Plan Distributions to Foreign Persons If a U.S. retirement plan makes distributions to foreign persons, it must generally withhold 30% of the payment for federal...
Compliance | April 3rd, 2015 IRS Expands Auto-Feature Voluntary Correction Safe Harbors New safe harbor correction methods related to automatic enrollment features in defined contribution plans are being implemented by the Internal...
Participants | April 3rd, 2015 Most Americans Unaware of IRS Deferral Limits A recent survey from Fifth Third Bank finds a vast majority of Americans cannot identify the Internal Revenue Service’s limits...
Compliance | April 2nd, 2015 Don’t Leave the IRS Hanging on Voluntary Corrections If retirement plan sponsors fail to complete all steps in the voluntary compliance process, they must reapply for the IRS...
Compliance | April 2nd, 2015 Records to Keep for Loans and Hardship Withdrawals The IRS reminds retirement plan sponsors it is up to them to track loans and hardship withdrawals.
Compliance | March 26th, 2015 IRS Extends Closed DB Nondiscrimination Relief The IRS says proposed permanent amendments to nondiscrimination regulations can be anticipated.
Compliance | February 27th, 2015 Reminder of 457(b) Plan Voluntary Correction Issues The IRS has updated its website about 457(b) plan submissions to its voluntary compliance program.
Compliance | February 27th, 2015 Guide Compares Plans for Tax-Exempt and Governmental Entities The IRS has released a publication to help tax-exempt and governmental entities choose a retirement plan.