defined benefit plan

DOL Guidance for Plans Facing Missing Participant Issues

The EBSA has released a three-part guidance package for retirement plan fiduciaries dealing with missing or unresponsive participants. 

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

IRS Addresses Tax Benefits Related to PPP Loans

The IRS has issued Revenue Ruling 2021-02 guidance related to tax benefits associated with PPP loans.   

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

Defined Contribution Plan

IRS

COVID Relief and Government Funding Legislation Delayed

Legislation for a new round of economic relief for victims of the COVID-19 pandemic and extend funding for federal government agencies remains in pending status.

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

Defined Contribution Plan

Health and Welfare

Legislative updates

Congress Approves Additional COVID Relief

Agreement reached on a new round of economic relief for victims of the COVID-19 pandemic.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

Health and Welfare

Legislative updates

IRS Announces Deadline Relief for Alabama Hurricane Zeta Victims

The IRS announced the postponement of certain tax-related deadlines for Alabama victims of Hurricane Zeta. 

FuturePlan ERISA Team

IRA

Defined Benefit Plan

Defined Contribution Plan

IRS Guidance

IRS Posts Updated DB Plan Yield Curves and Segment Rates

The IRS has posted Notice 2020-87, guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations. 

FuturePlan ERISA Team

Defined Benefit Plan

IRS

PBGC Seeks Information on Roth Data and Foreign-Source Income

The PBGC has requested from the OMB permission to continue collecting information on retirement plan missing participant accounts.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

PBGC Publishes Age Table for 2021 Valuations in DB Plans

The PBGC final regulations with an updated age table for determining benefits in single-employer DB pension plans undergoing distress or involuntary termination are available.

FuturePlan ERISA Team

Defined Benefit Plan

PBGC

Pension Benefit Guaranty Corporation

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.

FuturePlan ERISA Team

Defined Benefit Plan

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.

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

IRS

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