Tag: Internal Revenue Service (IRS)

James E. Turpin, with The Turpin Consulting Group, has one concern with the submitted document he’s seen.

The IRS announced it will not adjust most current contribution limitations for qualified retirement plans heading into tax year 2016, though some retirement-related tax breaks and other items...

Thinking the retirement industry has failed to deliver on its goals, state governments are trying to get into the retirement business.

The Employee Plans unit will be issuing more compliance checks and reviewing submissions for pre-approved plan documents.

The organization claims most large employers do not use predetermined or “off the shelf” retirement plan documents.

The IRS published procedures for plan sponsors to request a waiver of the electronic filing requirements for Form 8955-SSA and Form 5500-EZ.

The guidance also contains final excise tax regulations applicable to both single-employer and multiemployer defined benefit plans.

The Cooperative and Small Employer Charity Pension Flexibility Act specifies funding requirements for certain pensions that were not immediately affected by PPA funding rules.

EPCU projects are a kinder, gentler way to ensure retirement plans comply with regulations.

The agency is hosting a free webcast in which the determination letter program and new pre-approved plan document programs will be discussed.

Also extended is a provision in prior pension reform allowing over-funded pensions to use their excesses to fund retiree health and life insurance benefits.

The IRS says the webcast will reveal what it’s learned from compliance activities.

“The misery of uncertainty is worse than the certainty of misery,” commented one retirement industry expert, on the release of 2016 IRS static mortality tables. 

Going forward, individually designed retirement plans may only receive a determination letter for initial plan qualification and for qualification upon plan termination.

The free event will cover how updates to the IRS correction program make fixing certain retirement plan failures easier.

An HR director from Vanderbilt University shared tips from her IRS 403(b) plan audit experience with attendees of the NTSA 403(b) Summit.

Collective bargaining agreements can make retirement plan administration more challenging.

But working with an adviser, auditor, provider and ERISA attorney, sponsors can avoid them.

Some industry providers have suggested a recent Internal Revenue Service publication goes against prior guidance on documentation requirements for hardship loans and withdrawals, but others disagree with that...

A recent decision in Maryland leaves U.S. district courts evenly split on cases challenging retirement plans’ “church plan” status under the Employee Retirement Income Security Act.