Tag: Internal Revenue Service (IRS)

Rules governing required minimum distributions from retirement accounts, first proposed in February 2022, will not take effect until at least...

The agency could add further extensions if it deems them necessary.

The IRS published new guidance based on the One Big Beautiful Bill Act, executive orders and more.

The documents contain information on the permitted disparities in employer-provided contributions or benefits.

While plan sponsors and payroll providers will likely take the first steps, recordkeepers face growing complexity as the new requirements...

New requirements impact discontinued multiemployer pension plans, variable annuity formula plans, and PBGC-covered single-employer plans that have been terminated. 

Many retirement plans may need amendments to meet regulatory updates regarding required minimum distributions and SECURE and SECURE 2.0 provisions.

These are the first official rules for a new kind of tax-advantaged savings account designed for minors born from 2025...

Maximum Benefit/Contribution Limits for 2021 through 2026, with a downloadable PDF of limits from 2016 to 2026.

While 2026 retirement plan contribution limits were delayed by weeks, it is business as usual for payroll providers and recordkeepers’...

The lengthiest government shutdown left the IRS’ release of annual contribution limits for qualified defined contribution plans and individual retirement...

Regardless of when the IRS publishes updates to various limits in defined contribution plans, the four-week-old government shutdown will not...

Voluntary salary reductions for health flexible spending cafeteria plans and annual deductibles for medical savings accounts will slightly increase next...

The IRS will continue essential operations, including tax revenue processing, income verification services and support for legal functions related to...

While the Massachusetts court dismissed the pension risk transfer case against AT&T, the plaintiffs still have standing to sue.

Frank Bisignano is the first commissioner charged with overseeing operations of both government agencies.

The 2025 income limit for the tax credit for lower-income workers who save for retirement will increase slightly to $39,500...

Legal experts say plan sponsors and administrators and payroll providers need to figure out how to comply with the final...

While the agencies are ending a two-year delay in establishing the regulations, the rules will only be applied in ‘good...

The guidance aims to standardize treatment and improve compliance regarding retirement distributions that are not immediately cashed by recipients.