IRS Releases Final QPLO Regulations
Plan participants have more time to roll over certain plan loan offsets under the Tax Cuts & Jobs Act of 2017 (TCJA).
Compatibility of Pre-Approved Plan Documents and PEPs
The IRS has revealed that pre-approved qualified retirement plan documents may be used to establish arrangements known as pooled employer plans, or PEPs.
IRS Posts Updated DB Plan Yield Curves and Segment Rates
The IRS has issued updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
New guidance for Traditional and QACA Safe Harbor Plans
The SECURE Act makes it easier for employers to adopt ADP/ACP safe harbor plan provisions. These plans have proven popular with many employers.
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.
IRS Releases 2021 Tax Year Reporting Forms 1099-R and 5498
The IRS has posted at its website the 2021 tax year version of Form 1099-R and Form 5498.
Terminating Custodial 403(b) Plans Get Distribution Relief
The IRS has issued Revenue Ruling 2020-23 to address how employers may terminate 403(b) plans that contain custodial accounts.
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.
IRS Issues Final Life Expectancy Regulations
The IRS has published final regulations updating life expectancy tables that are used for required minimum distributions (RMDs) and for other purposes.
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.
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