Compliance | September 29th, 2022 Plan Amendment Deadlines Extended for 2 Provisions The IRS is extending deadlines for amending plans for certain provisions of the CARES Act and the Taxpayer Certainty and...
Data and Research | September 13th, 2022 Focused Retirement Savers Are Not Dispirited by Inflation A Principal survey of “super savers” shows that a majority have been saving more over the past two years than...
Compliance | August 18th, 2022 In Private Letter Ruling, IRS Permits DB-to-DC Asset Transfer The ruling only applies to the case at hand, but there are still lessons to be learned from an employer’s...
Compliance | August 5th, 2022 Plan Sponsors Have More Time for Certain Plan Amendments The IRS is extending deadlines for amending plans for certain provisions of the SECURE Act and other legislation.
Administration | August 2nd, 2022 IRS Updates Life Expectancy Tables for Retirees The tax and spending watchdog has changed the defined contribution account withdrawal rules for retirement plan participants.
Compliance | July 21st, 2022 IRS Addresses Mergers Involving DB Plans That Have Received SFA The ongoing plan must still separate special financial assistance funds and invest them according to final regulations.
Compliance | June 13th, 2022 Understanding the IRS’ New Pre-Audit Letter Program Attorneys say plan sponsors have a couple of strong incentives to identify and correct any compliance failures upon receiving a...
Compliance | June 2nd, 2022 IRS Issues ‘Helpful’ Bulletin for Preapproved Plans An IRS bulletin for preapproved plan sponsors warns of consequences for missing the restated adoption agreement deadline.
Compliance | May 26th, 2022 Department of Labor Announces Final Form 5500 Changes The changes to Form 5500 for defined contribution and defined benefit plans are modest.
Compliance | May 17th, 2022 IRS Again Extends Physical Presence Requirement Relief The agency is still considering whether to make permanent relief from the requirement for certain elections to be witnessed in...
Compliance | April 29th, 2022 New Limits for HSAs to Account for Inflation Growth The limit for individuals with self-only coverage will increase by $200, and the limit for those with family coverage will...
Compliance | April 25th, 2022 Some New RMD Rules Creating Confusion for Participants and Beneficiaries Retirement plan sponsors cannot give advice, but they’ll likely get questions about distributions from inherited accounts.
Compliance | April 25th, 2022 IRS Publishes Additional 403(b) Plan Document Guidance An information package contains a listing of required modifications and sample language for nearly any provision a plan might include.
Compliance | April 4th, 2022 Proposed RMD Rules for 403(b)s Could Mean Big Changes A change to how required minimum distributions are taken from 403(b) contracts might call for changing recordkeeping systems and dusting...
Compliance | March 29th, 2022 IRS Proposes Regulations Updating MEP ‘One Bad Apple’ Rule In certain cases, the portion of a multiple employer plan attributable to a participating employer’s failure to meet plan qualification...
Compliance | January 31st, 2022 IRS Issues 2022 Cumulative List for 403(b) Plans It identifies changes in the requirements of Section 403(b) of the Internal Revenue Code that the agency will take into...
Compliance | December 15th, 2021 2022 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan
Compliance | December 10th, 2021 Senators Ask IRS to Examine Policies on Survivors’ Pension Benefits They say current regulatory guidance has led to members of the LGBTQIA+ community being denied survivor benefits after losing their...
Compliance | December 1st, 2021 IRS Issues 2021 Required Amendments List The changes in requirements that would necessitate an amendment relate to the special financial assistance (SFA) program for financially troubled...
Compliance | November 12th, 2021 2021 Best Practices Conference: Understanding ERISA and Fiduciary Fundamentals Attendees at the virtual conference learned about what it takes to operate a plan that complies with all regulatory responsibilities...