PBGC 2018 Premium Filing Instructions Available
The agency included a list of common filing errors and provided details about those errors in a new Appendix.
Tag: retirement plan regulations
Simplification of Retirement Plan Disclosures Included in Trump Executive Order
The executive order regarding RMD rules and open MEPs, signed last week by the President, also asks the DOL and Treasury to simplify disclosure regulations for plan sponsors and participants.
Deep Dive into DOL EBSA Enforcement Activities
When it comes to policing of retirement plans by the EBSA, the pace of settlements and corrections remains strong; experts pin this to the relative regional autonomy of EBSA offices.
Regulations for Definitions of QMAC and QNEC Finalized
The IRS clarified that forfeitures would be permitted to be used to fund QMACs and QNECs.
Peering Through the Regulatory Kaleidoscope
Spend any significant amount of time in the retirement planning industry and, whatever the role, one will inevitably hear about the negative impact of “regulatory uncertainty.” Has it always been this way?
How to Abide By the Rules When Amending a Cash Balance Plan Interest Crediting Rate
Internal Revenue Code (IRC) Section 411(d)(6) provides that an accrued benefit may not be decreased by amendment.
IRS Reminds Non-Electing Church Plans of Qualification Requirements
While non-electing church plans are not subject to most ERISA requirements, they are subject to pre-ERISA regulations.
NQDC Plans Still Valuable After Tax Reform Changes
“Non-qualified deferred compensation plans will always be tax advantageous and a useful benefit,” Bruce J. McNeil, partner with The Wagner Law Group, told Plan Sponsor Council of America (PSCA) 71st Annual National Conference attendees.
Upcoming Mid-Term Elections Could Create Push to Move Forward Retirement Plan Agendas
David Levine, principal at Groom Law Group, said there is a real chance of a big impact on the retirement plan agenda if Republicans take losses in the mid-terms, so he expects a huge push to pass everything they can before then.
DOL Clarifies How ESG Investment Considerations Should Be Made Under ERISA
The new guidance addresses ESG investment considerations under investment policy statements and when choosing QDIAs.
IRS Asks for Comments on Determination Letters for 2019
The agency ended its determination letter program effective in 2017, but said it will measure the need for exceptions in a variety of ways including annual input from the Employee Plans (EP) community.
Council Recommends Simplifying Mandated Retirement Plan Disclosures
The ERISA Advisory Council has provided the DOL with recommendations for design and delivery improvements with respect to the Summary Plan Description, the Annual Funding Notice and the Summary Annual Report.
DB Plans in Second Six-Year Cycle Have Longer to Adopt Pre-Approved Plans
The IRS extended the period to adopt an approved plan document to April 30, 2020, from January 31, 2019.
IRS Issues Guidance Regarding 403(b) Plan RMDs and Missing Participants
A memo to examiners lists actions 403(b) plan sponsors should take to locate missing participants in order not to be challenged on violating RMD rules.
PBGC Increases Penalties for Failing to Provide Reports, Disclosures
However, the agency says it is uncommon for it to assess information penalties.
IRS Changes VCP User Fee Schedule
The total amount of net plan assets determines the applicable user fee now, not the number of participants.
Segal Group Releases Compliance Calendars
The calendars summarize the annual compliance requirements and disclosure obligations that retirement and health plan sponsors need to know.
IRS Issues 2017 Required Amendments List
The 2017 RA List is light on items.