Tag: IRS

“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.

Amendments to the Internal Revenue Service’s Employee Plans Compliance Resolution System are expected to ease compliance and reduce costs for retirement plan sponsors.

Only certain tax-exempt employers are eligible to sponsor an Internal Revenue Code Section 403(b) plan, and a given employer’s exemption must be carefully protected through proper documentation and...

Tax-qualified retirement plans run by small business owners must comply with ERISA—whether the sponsor is familiar with the landmark legislation or not.

Fidelity is taking issue with a recent Internal Revenue Service (IRS) reminder to retirement plan sponsors about their duties to track participant loans and hardship withdrawals.

“[ADP/ACP failure] really depends on how long the plan has been in existence, and whether or not the plan administrator has had any experience running a 401(k) plan...

The Internal Revenue Service has seen leadership changes, a number of employees retiring and a restriction in hiring, but it continues to have a focus on examination and...

The IRS encourages plan sponsors to include completed reference lists with determination letter applications.

New safe harbor correction methods related to automatic enrollment features in defined contribution plans are being implemented by the Internal Revenue Service.

A recent survey from Fifth Third Bank finds a vast majority of Americans cannot identify the Internal Revenue Service’s limits placed on annual tax-advantaged retirement plan deferrals.

Retirement plan sponsors that omit any steps in the voluntary compliance process must reapply for the IRS program and pay a fee.

The IRS says proposed permanent amendments to nondiscrimination regulations can be anticipated.