regulatory updates

Tax-Related Deadline Relief for Puerto Rico Storm Victims

The IRS has provided tax-related deadline relief for victims of the September 13, 2020 storm on the island of Puerto Rico.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

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

DOL Releases Final Rule for Pooled Plan Provider Registration

The DOL has issued final regulations on registering as a pooled plan provider (PPP), which is one of the initial steps that such providers must take before offering PEPs.

FuturePlan ERISA Team

Washington Pulse

DOL

SECURE Act

Defined Contribution Plan

Provisions for 401(k)/403(b) Safe Harbor SECURE Act

The IRS has issued Notice 2020-86, with guidance for implementing provisions of the SECURE Act of 2019.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

SECURE Act

Final Regulations for Offset Retirement Plan Loan Rollovers

The IRS has issued final regulations implementing a provision of the 2017 TCJA permitting an extended period to roll over the proceeds of certain retirement plan loans.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

ACA Insurance Exchanges and State Innovation Waivers

Jointly issued proposed regulations to permit states to leave a state-sponsored insurance exchange, and permit private agents and brokers to conduct enrollments beginning in 2023.

FuturePlan ERISA Team

Health and Welfare

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

Retirement Spotlight: IRS Releases Escheatment Guidance

This Retirement Spotlight summarizes Rev. Rul. 2020-24 and Rev. Proc. 2020-46 and explains how they interact with other IRS and DOL guidance.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

IRA

IRS Guidance

Retirement Spotlight

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.

FuturePlan ERISA Team

Washington Pulse

IRS

IRS Guidance

Spousal, Annuity Rights for 403(b) Distributions

The IRS has requested comments on spousal, annuity rights for in-kind 403(b) distributions of terminating plans.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

No Results