retirement

IRS Releases Updated EPCRS Guidance

The IRS has released Revenue Procedure 2021-30, which contains long-awaited guidance updating the Employee Plans Compliance Resolution System (EPCRS).

FuturePlan ERISA Team

Retirement

Employer

Individual

Savings

IRS Issues Yield Curves for DB Plan Calculations

The IRS has issued Notice 2021-44, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

Defined Benefit Plan

Employer

Retirement

Legislation Would Provide Legal Certainty Regarding ESG Factors

Last week, Senators Tina Smith and Patty Murray introduced the Financial Factors in Selecting Retirement Plan Investment Act.

FuturePlan ERISA Team

Retirement

Employer

Updated Yield Curves and Segment Rates for DB Plans

The IRS has issued Notice 2021-27, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

Retirement

Employer

Defined Benefit Plan

IRS Sets 2021 Retirement Plan Compliance Priorities

The IRS’ Tax Exempt and Government Entities Compliance Governance Board has approved the following to be prioritized and resourced, primarily through examination.

FuturePlan ERISA Team

Retirement

Employer

Updated Yield Curves and Segment Rates for DB Plan Calculations

The IRS has issued Notice 2021-22, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations. 

FuturePlan ERISA Team

Defined Benefit Plan

Retirement

Employer

IRS Posts Small Business Retirement Plan Publication

The IRS has posted the 2020 tax year version of Publication 560, Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans). 

FuturePlan ERISA Team

Forms and Publications

IRS

Retirement

Employer

IRS Issues Updates for DB Plan Calculations

The IRS has issued Notice 2021-16, which contains updated guidance on factors used in certain defined benefit (DB) pension plan calculations. 

FuturePlan ERISA Team

Retirement

Employer

Defined Benefit Plan

2021 Could See More Retirement and Health Legislation

There’s optimism that one or more savings-focused bills could be enacted in 2021. 

Mike Rahn, CISP - ERISA Team

Retirement

Health

Legislation

Deadline for CARES Act Retirement Plan Distribution Benefits

December 30, 2020, is the deadline for eligible taxpayers to take distributions from IRAs and employer-sponsored retirement plans that qualify for special tax benefits under CARES Act. 

FuturePlan ERISA Team

Government Savings

Retirement

Employer

Savings

Individual

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