Tag: Internal Revenue Service (IRS)

Several proposed tax reforms would restructure how retirement vehicles are taxed and could negatively impact retirement plans in a number of ways.

“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.”

The Internal Revenue Service (IRS) has moved back the date of a phone forum on same-gender couples and retirement plans to July 17.

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.

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....

A new study of 401(k) plans shows that more than 50,000 of them failed nondiscrimination testing for the 2012 plan year.

Two U.S. Senators have introduced the Retirement and Income Security (RAISE) Act.

The Department of Labor (DOL) has increased full-scope audits of retirement plans, said Lisa Barton, a partner with Morgan, Lewis & Bockius.

Witnesses at a Senate hearing discussed Social Security reforms that could boost potential retirement income for workers.

The majority of final Form 5500s reviewed during a recent Internal Revenue Service (IRS) compliance assessment contained errors, many related to undistributed assets.

The Internal Revenue Service (IRS) announced safe harbor retirement plans can be amended mid-year for changes relating to language about same-gender marriages.

The defendants in one of the church plan court cases have had their status confirmed by a federal court.

The Internal Revenue Service (IRS) is seeking comments about the definition of real property for real estate investment trust (REIT) investments.

The Internal Revenue Service (IRS) is providing penalty relief for certain late filers of Form 5500.

The Internal Revenue Service (IRS) will hold a free phone forum this month about related employers.

The common law of attorney-client privilege is intended to enable clients to speak with their attorneys in trusted confidence about work-related issues.

In 2010, the Internal Revenue Service (IRS) launched a large compliance project, the 401(k) Questionnaire.

When performing annual retirement plan financial audits, plan sponsors and their auditors should look for potential “red flags” for regulators.

The Social Security Administration (SSA) announced that it will discontinue its letter-forwarding program, through which it attempts to help third-parties communicate serious financial or familial matters to “missing”...

Sponsors of both defined benefit (DB) and defined contribution (DC) retirement plans will need to review plan documents to ensure the definition of “spouse” conforms to current federal...