Making Sure the Form 5500 Is Ready to File
Annual filings always bring a swirl of activity, and July 31 is no different. It also brings a cloud of confusion for plan sponsors, according to Form 5500...
Tag: Internal Revenue Service (IRS)
For Many, IRA Withdrawals Are Well-Controlled
Most savers are withdrawing from individual retirement accounts (IRAs) at a rate likely sustain some level of monthly income throughout retirement, according to an EBRI analysis.
EBSA to Discuss Small Business Retirement Plan Options
The Department of Labor’s Employee Benefits Security Administration (EBSA) will conduct a webcast for small businesses and their retirement benefit services providers on August 6.
How Employee Benefits Are Evolving
Experts in health care and retirement are concerned that the federal government is seeking new sources of tax revenue, says an EBRI report.
How Tax Reform Could Affect Retirement Plans
Several proposed tax reforms would restructure how retirement vehicles are taxed and could negatively impact retirement plans in a number of ways.
Tips for Fielding Lost Participant Claims
“You can’t guarantee yourself a win,” says employee benefits lawyer David Weiner, describing claims appeals and litigation involving missing retirement plan participants, “but you can guarantee a loss.”
IRS Reschedules Same-Gender Benefits Discussion
The Internal Revenue Service (IRS) has moved back the date of a phone forum on same-gender couples and retirement plans to July 17.
Banks Ask to Continue as Pension Asset Managers
BNP Paribas and Credit Suisse, which have each pled guilty to U.S. criminal charges, are asking to be able to keep managing U.S. pension plan assets.
Cost of Maintaining Pension Liabilities Level for May
The economic cost of maintaining liability for a defined benefit (DB) pension plan in May remained level at 108.7% of the same liability, according to the Mercer U.S....
States With the Most Corrective Distributions
A new study of 401(k) plans shows that more than 50,000 of them failed nondiscrimination testing for the 2012 plan year.
Bill Would Increase Certain Social Security Payments
Two U.S. Senators have introduced the Retirement and Income Security (RAISE) Act.
PSNC 2014: Washington Update
The Department of Labor (DOL) has increased full-scope audits of retirement plans, said Lisa Barton, a partner with Morgan, Lewis & Bockius.
Reforming Social Security to Increase Retirement Income
Witnesses at a Senate hearing discussed Social Security reforms that could boost potential retirement income for workers.
IRS Finds Widespread Final 5500 Errors
The majority of final Form 5500s reviewed during a recent Internal Revenue Service (IRS) compliance assessment contained errors, many related to undistributed assets.
IRS OKs Mid-Year Safe Harbor Plan Windsor Updates
The Internal Revenue Service (IRS) announced safe harbor retirement plans can be amended mid-year for changes relating to language about same-gender marriages.
Defendants in One Church Plan Case Get a Victory
The defendants in one of the church plan court cases have had their status confirmed by a federal court.
IRS Seeks Comments About REIT Investments
The Internal Revenue Service (IRS) is seeking comments about the definition of real property for real estate investment trust (REIT) investments.
IRS Provides Relief for Late Form 5500 Filers
The Internal Revenue Service (IRS) is providing penalty relief for certain late filers of Form 5500.
IRS to Discuss Related Employer Issues
The Internal Revenue Service (IRS) will hold a free phone forum this month about related employers.
There Is an Exception to Attorney-Client Privilege
The common law of attorney-client privilege is intended to enable clients to speak with their attorneys in trusted confidence about work-related issues.