regulatory and legislative

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

IRS Releases 2022 Forms W-4P and W-4R

The IRS has released the 2022 Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments and 2022 Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRS Posts Updated Form 8950 for VCP Applications

The IRS has posted a 2022-dated version of Instructions for Form 8950, Application for Voluntary Correction Program (VCP) under the Employee Plans Compliance Resolution System (EPCRS).

FuturePlan ERISA Team

Forms and Publications

Retirement

Employer

Deadline Relief for Colorado Wildfire Victims

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for victims of wildfires and straight-line winds in Colorado.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

IRS Issues Updated Draft Forms W-4P and W-4R

The IRS has issued new drafts of the 2022 Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments, and the 2022 Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions.

FuturePlan ERISA Team

Forms and Publications

Retirement

Employer

Savings

Individual

2021 Form 5500 Series Informational Copies Released

The Department of Labor’s EBSA, the IRS, and the PBGC jointly released the 2021 Form 5500, 2021 Form 5500-SF, and their respective instructions.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

DOL

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