Tag: Internal Revenue Service (IRS)

The Reporting and Disclosure Guide for Employee Benefit Plans was prepared by the IRS as a quick reference tool for certain basic reporting and disclosure requirements under ERISA...

Not only will IRS agents look for proof that the hardship was for an immediate and heavy financial need, they will be looking to see if plan sponsors...

There is a common notion that workers prefer the safety of defined benefit plans—but research shows the flexibility and control offered by DC accounts are also highly valued. 

The Tax Center at myStockOptions.com is offering expanded capabilities and education support to help employees and their advisers meet 2017 tax reporting requirements related to stock options. 

A revenue ruling reveals compensation tables for use in determining contributions to defined benefit plans as well as the taxable wage based used in permitted disparity contribution formulas...

The updated procedures on determination letter requests comes after the IRS essentially ended its determination letter program.

The form is important for tax-exempt organizations to file, not only to remain exempt, but to qualify to sponsor 403(b) plans.

The Form 5500 is a foundational document for all qualified retirement plan clients; advisers can expect the document to be shared among regulators for potential review. 

A Transamerica survey found that 34% of Americans believe extending the Saver’s Credit to all filers regardless of income should be a priority for incoming President Donald J....

Commenters expressed concerns that the current definitions would preclude them from using forfeiture accounts to fund the contributions.

The Investment Company Institute is making the case that individual retirement accounts are an integral part of America’s retirement savings system.

“The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public—which has more than doubled...

The coming tax-filing season is a great time to remind eligible retirement plan participants to claim the savers’ tax credit. 

ERIC has made suggestions to the IRS to help qualified individually designed retirement plans that no longer have the ability to file for determination letters.

There are a wide variety of mistakes plan fiduciaries can make; getting it all right is an ongoing team effort. 

The IRS noted that the fact that a change in a qualification requirement is included on the RA List does not mean that a plan must be amended...

“Rather than taxing income, the Progressive Consumption Tax would generate reasonable revenue by taxing the purchase of goods and services,” suggests Senator Ben Cardin. 

Retirement industry groups ask agencies to scale down reporting requirements for investments, fees and compliance.

Retirement reforms being implemented in the UK through 2018 represent an important testing ground for government-backed savings efforts.