defined benefit plan

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

IRS Releases Draft Publication 15-A

The IRS released a draft of the 2022 Publication 15-A, Employer’s Supplemental Tax Guide (Supplement to Pub. 15, Employer’s Tax Guide).

FuturePlan ERISA Team

IRS Guidance

IRS

Defined Benefit Plan

IRA

PBGC Issues Filing Instructions for 2022 Plan Years

The Department of Labor’s PBGC has issued the 2022 plan year version of its Comprehensive Premium Filing Instructions.

FuturePlan ERISA Team

Defined Benefit Plan

Retirement

Employer

IRS Provides 2022 Covered Compensation Tables Used in DB Plans

The IRS has issued Revenue Ruling 2022-2, containing the covered compensation tables for the 2022 plan year.

FuturePlan ERISA Team

Retirement

Employer

Defined Benefit Plan

DOL Issues “Supplemental Statement” to 2020 Information Letter

The Department of Labor’s Employee Benefit Security Administration (EBSA) has issued a supplemental statement to a June 2020 Information Letter.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

Fiduciary Issues

IRS Issues Yield Curves and Segment Rates for DB Plans

The IRS has issued Notice 2022-2, 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

IRS Issues Draft Instructions for Reporting of Qualified Disaster Distributions

The IRS has provided draft Instructions for Form 8915-F, Qualified Disaster Retirement Plan Distributions and Repayments.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Defined Contribution Plan

IRA

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