defined benefit plan

Updated Yield Curves and Segment Rates for DB Plans

The IRS has issued Notice 2022-14, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Proposed Rule on Prohibited Transaction Exemption Procedures

The DOL has released a proposal that would supersede the Department’s existing procedure governing applications for exemptions from the prohibited transaction provisions of ERISA and the Internal Revenue Code.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Defined Benefit Plan

PBGC Issues Interest Rate Assumptions for DB Plans

The PBGC has issued updated interest rate assumptions for benefit payments in terminating single-employer defined benefit (DB) pension plans.

FuturePlan ERISA Team

Defined Benefit Plan

IRS Releases Proposed Required Minimum Distribution Regulations

After a two year wait, we have guidance regarding certain changes brought about by the SECURE Act.

FuturePlan ERISA Team

IRS

IRS Guidance

SECURE Act

Defined Contribution Plan

Defined Benefit Plan

IRA

IRS Priority Guidance Plan Includes Retirement Items

The IRS has issued its 2021-2022 2nd Quarter guidance plan update, in which it describes guidance projects in the current fiscal year.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

IRS Issues Proposed Regulations for Required Minimum Distributions

The IRS has released proposed regulations relating to required minimum distributions from qualified plans.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

IRA

Updated Yield Curves and Segment Rates for DB Plans

The IRS has issued Notice 2022-9, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

Retirement

Employer

Defined Benefit Plan

PBGC Updates Selection Criteria for Standard Termination Audits

The PBGC has updated the “What’s New for Employers & Practitioners” page of its website to indicate that the audit selection methodology has been revised.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL Issues RFI

The Department of Labor has published a RFI seeking what actions, if any, the department should take to protect retirement savings from risks associated with climate change.

FuturePlan ERISA Team

DOL

Defined Benefit Plan

Defined Contribution Plan

Updated Yield Curves and Segment Rates for DB Plans

The IRS has issued Notice 2022-7, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

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