Tag: Internal Revenue Service (IRS)

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. 

The agency says the updated process will reduce plan sponsors’ burden and provide consistent treatment of them, and allow the IRS to secure more complete and timely responses...

The event is December 15.

A bipartisan piece of legislation with backing in the House and Senate seeks to protect long-term participants in closed and frozen pensions.  

The IRS document can be used by advisers in helping them educate plan sponsors about automatic enrollment 401(k) plans as well as to help plan sponsors set up...

The agency is considering amendments to hybrid plan rules to address implicit interest pension equity plans.

The agency announced the availability of “Issue Snapshots” about tax-related issues for retirement plan practitioners.