regulatory and legislative

DOL Announces 2022 Inflation Adjustments for Civil Penalties

The DOL has published several inflation-adjusted penalty amounts for certain failures associated with qualified retirement plans.

FuturePlan ERISA Team

DOL

Qualified Retirement 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

Deadline Relief for Washington Flooding and Mudslide Victims

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for victims of flooding and mudslides in Washington.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

April 18 is IRS Tax Filing Deadline for Most Filers

The IRS has announced that tax filing season will begin on January 24, 2022.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

HSA

EBSA Addresses COVID-19 Testing Coverage Questions

On January 10, 2022, the Department of Labor’s Employee Benefits Security Administration, issued a new set of FAQs.

FuturePlan ERISA Team

DOL

Health and Welfare

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 Issues 2021 Tax Year Publication 590-A

The IRS has issued the 2021 tax year Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs).

FuturePlan ERISA Team

Forms and Publications

Savings

Individual

IRS Updates Determination Letter and VCP Submission Information

The IRS has issued Revenue Procedure (Rev. Proc.) 2022-4, which updates guidance on determination letter and Voluntary Correction Program (VCP) submission procedures.

FuturePlan ERISA Team

Forms and Publications

Retirement

Employer

IRS Re-Releases 2021 Form W-4P

The IRS has re-released the 2021 Form W-4P, Withholding Certificate for Pension or Annuity Payments.

FuturePlan ERISA Team

Forms and Publications

Retirement

Employer

Savings

Individual

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

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