IRS Posts Updated DB Plan Yield Curves and Segment Rates
The IRS has posted Notice 2020-81, guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Extended Due Date for Single-Employer DB Contributions
The IRS has clarified that contributions to single-employer DB plans due January 1, 2021, under the CARES Act are considered timely if they are made no later than January 4, 2021.
Pooled Plan Provider Registration Regulations Published
Final regulations from the DOL outlining registration requirements for pooled plan providers of pooled employer plans were published.
DOL Final ESG Guidance Published
The DOL’s final rule on environmental, social, and governance (ESG) investments is published in the Federal Register.
DOL Issues Final PEP Registration Regulations
The EBSA has issued a pre-publication version of final regulations on registration requirements for "pooled plan providers," (PEPs).
Final Rule on Transparency In Healthcare Coverage
Federal agencies jointly issue final rule on transparency in healthcare coverage intended to make healthcare price information accessible for comparison-shopping.
Updated Life Expectancy Tables Published
The IRS has provided updated life expectancy tables.
IRS Updates Life Expectancy Tables for Determining RMDs
The IRS has issued a pre-publication version of final regulations that update life expectancy tables for determining RMDs for tax-qualified retirement savings arrangements.
In-Kind Distribution of Terminating 403(b) Accounts
The IRS has issued a ruling describing the status and tax treatment of certain 403(b)(7) custodial accounts belonging to participants or beneficiaries of terminating 403(b) plans.
Tax Benefits for Retirement Distributions for LTC Insurance
Proposed legislation would permit tax-free retirement savings distributions of up to $2,500 per year—indexed for inflation—that are used to purchase long-term care insurance.
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