Tag: Internal Revenue Service (IRS)

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.

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...