2016-08-24 20:47
The IRS has released new guidance designed to allow qualifying individuals to self certify eligibility for the 60 day rollover waiver.
Document Excerpt
This revenue procedure provides guidan… Read More
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Benefits Forward is a news site for professionals in the field of employment benefits. Our goal is to provide the latest information about the benefits field and to host a community discussion regarding related issues.
2016-07-24 15:47
The DOL, HHS and IRS are requesting ideas for alternatives for providing contraceptives under plans maintained by employers with religious concerns.
Document Excerpt
This document is a reque… Read More
2016-07-13 14:49
The IRS has announced new requirements for defined benefit plans applying for a determination letter with pension de-risking language.
Document Excerpt
Applicants requesting determination le… Read More
2016-07-12 14:26
The changes are proposed in order to conform to the proposed changes to the Form 5500.
Document Excerpt
SUMMARY: This document contains proposed amendments to Department of Labor (DOL) regul… Read More
2016-07-12 14:13
The DOL has issued proposed revisions to the Form 5500.
Document Excerpt
SUMMARY: This document contains proposed changes to the Form 5500 Annual Return/Report forms, including the Form 5500… Read More
2016-07-01 13:35
The DOL has issued a final regulation on the adjustment of various statutory penalties including under ERISA.
Document Excerpt
In accordance with the requirements of the Federal Civil Penalt… Read More
2016-06-30 15:22
Revenue Procedure 2016-37 sets forth modifications and changes to the IRS’ determination letter program.
Document ExcerptThis revenue procedure modifies the Internal Revenue Service (I… Read More
2016-06-22 14:32
The document contains proposed regulations prescribing rules under section 457 of the Internal Revenue Code for the taxation of compensation deferred under plans established and maintained b… Read More
2016-06-22 14:19
The IRS has issued new proposed regulations under Section 409A regarding nonqualified deferred compensation arrangements. These regulations can be relied upon.
Document Excerpt
This document… Read More
2016-06-22 14:13
The agencies released Frequently Asked Questions regarding the implementation of the Affordable Care Act Part 32. These questions and answers address issues regarding the interplay between C… Read More
2016-06-13 15:00
In conjunction with the issuance of Notice 2016-39, the IRS also released Revenue Procedure 2016-36 providing that Notice 2016-39 does not apply to payments received from a retirement plan b… Read More
2016-06-13 14:55
Notice 2016-39 provides guidance on how retirement benefits received during a phased retirement are to be taxed and the application of Section 72.
Document Excerpt
This notice provides guida… Read More
2016-06-09 14:12
The DOL, IRS and HHS have issued proposed regulations on expatriate health plans, expatriate health plan issuers and qualified expatriates, along with excepted benefits, lifetime annual limi… Read More
2016-06-04 16:07
The Chamber of Commerce along with other groups has filed a challenge to various parts of the Department of Labor’s conflict of interest final regulations.
Document Excerpt
This lawsui… Read More
2016-06-01 19:00
The DOL has released examples of warning signs that a plan’s or policy’s non-quantitative treatment limitations may require additional analysis to determine mental health parity… Read More
2016-05-27 14:55
The IRS and the Treasury have published the third-quarter update to their regulatory agenda.
Document Excerpt
Linkhttps://www.irs.gov/pub/irs-utl/2015-2016_pgp_3rd_quarter_update.pdf Read More
2016-05-27 14:53
The DOL has published its most recent regulatory agenda.
Document Excerpt
Linkhttps://resources.regulations.gov/public/custom/jsp/navigation/main.jsp Read More
2016-05-18 15:04
Unable to reach a decision, the Supreme Court has remanded the religious Affordable Care Act contraceptive case to the lower court for compromise.
Document Excerpt
In light of the positions… Read More
2016-05-18 14:54
The final regulations remove the allocation rules on distributions from a Roth designated account to multiple destinations.
Document Excerpt
This document contains final regulations eliminat… Read More
2016-05-13 14:40
The court found that the payments violated the Constitutional requirement that Congress must first appropriate the payments.
Document Excerpt
The question is whether Section 1402 can nonethe… Read More
2016-05-04 14:27
The IRS releases additional regulations on limitations on suspension of benefits under certain multiemployer plans.
Document Excerpts
SUMMARY: The Multiemployer Pension Reform Act of 2014 (… Read More
2016-04-29 14:50
This Chief Counsel Memorandum defines who constitutes “otherwise excludable employees” for certain testing purposes.
Document Excerpt
You have asked whether certain positions rel… Read More
2016-04-28 21:32
The IRS has released Revenue Procedure 2016-27 setting forth revised procedures for approval of benefit suspensions under multiemployer plans.
Document Excerpt
This revenue procedure contain… Read More
2016-04-20 21:02
The DOL has posted the Affordable Care Act Frequently Asked Questions part 31.
Document Excerpt
Set out below are additional Frequently Asked Questions (FAQs) regarding implementation of the… Read More
2016-04-16 16:04
After further consideration, the IRS has announced that the portion of its proposed nondiscrimination amendments will be withdrawn. The withdrawal will impact proposed changes that would hav… Read More
2016-04-07 14:04
The DOL has updated its website to reflect updated Summary of Benefits and Coverage materials and templates for use on or after 4/01/17.
Document Excerpt
Link
http://www.dol.gov/ebsa/healthr… Read More
2016-04-06 18:26
In conjunction with the release of its final fiduciary conflict of interest regulations, the DOL is also releasing amendments to various prohibited transaction exemptions including to PTE 84… Read More
2016-04-06 18:21
In conjunction with the release of final fiduciary regulations, the DOL has also released amendments to various prohibited transaction exemptions.
Document Excerpt
SUMMARY: This document con… Read More
2016-04-06 18:11
The DOL has also released, in conjunction with the release of the final fiduciary conflict of interest regulations, amendments to various Prohibited Transaction Exemptions.
Document Excerpt… Read More
2016-04-06 17:54
Along with the final regulations and Best Interest Contract Exemption, the DOL has also released amendments to certain Prohibited Transaction Exemptions including to PTE 75-1.
Document Excer… Read More
2016-04-06 17:50
The DOL has released its Class Exemption for Principal Transactions.
Document Excerpt
SUMMARY: This document contains an exemption from certain prohibited transactions provisions of the Empl… Read More
2016-04-06 17:22
In conjunction with the release of its final fiduciary regulations, the DOL has also released its final Best Interest Contract Exemption.
Document Excerpt
SUMMARY: This document contains an… Read More
2016-04-06 17:14
The DOL releases its final conflict of interest, fiduciary regulations under ERISA Section 3(21).
Document Excerpt
SUMMARY: This document contains a final regulation defining who is a &ldquo&hell…Read More
2016-04-06 14:23
The IRS has announced a new option that some providers may use where clients fail to timely sign required document. Rather than making a submission through VCP, the IRS has announced a proce… Read More
2016-04-06 14:19
The DOL releases a chart reflecting the changes made from the proposed fiduciary conflict of interest rule to the final regulations.
Document Excerpt
Linkhttp://www.dol.gov/ebsa/pdf/conflict… Read More
2016-04-06 14:14
In anticipation of the release of its final fiduciary (conflict of interest) regulation, the DOL released a Fact Sheet providing an overview of the final rule.
Document Excerpt
After careful… Read More
2016-04-05 14:59
The PBGC, in its report to Congress, projects the likelihood of insolvency of its multiemployer plan insurance program over a 20 year period absent a significant premium increase.
Document E… Read More
2016-03-31 15:24
The IRS releases Information Letter 2016-0021 discussing the deductibility of health insurance premiums by subchapter S shareholders.
Document Excerpt
To date, the IRS has not issued any oth… Read More
2016-03-31 15:13
The IRS releases Information Letter 2016-0019 providing additional guidance on employer reimbursement of individual health insurance premiums.
Document Excerpt
If the employer does not offe… Read More
2016-03-31 15:07
The IRS has released Information Letter 2016-0014 providing guidance on the maximum permissible contribution to an HSA in the year an individual reaches age 65.
Document Excerpt
The amount o… Read More
2016-03-29 15:25
The PBGC releases its final Section 4010 annual reporting regulation.
Document Excerpt
The Pension Benefit Guaranty Corporation (“PBGC”) is amending its regulation on Annual Fina… Read More
2016-03-24 14:17
The Government Accounting Office’s report finds that Healthcare.gov needs enhancements to protect security and privacy.
Document Excerpt
The Centers for Medicare & Medicaid Service… Read More
2016-03-12 16:50
The DOL has posted the Affordable Care Act Implementation Frequently Asked Questions Part 30.
Document Excerpt
Set out below is an additional Frequently Asked Question (FAQ) regarding implem… Read More
2016-03-10 15:42
The Investment Company Institute provides comments to the Office of Management and Budget on the Department of Labor’s proposed fiduciary regulations.
Document Excerpt
Linkhttps://www… Read More
2016-03-09 15:24
The IRS has issued an internal memorandum on its ruling position on Opinion Letter applications on spousal provisions in Section 403(b) Plans.
Document ExcerptThis sets forth interim guidanc… Read More
2016-02-25 20:51
The DOL has released a proposed new revised SBC.
Document Excerpt
Linkhttp://www.dol.gov/ebsa/healthreform/regulations/summaryofbenefits.html#proposed Read More
2016-02-10 15:39
The IRS has proposed a regulation setting forth additional limitations on suspension of benefits in certain multiemployer pension plans.
Document Excerpt
ACTION: Notice of proposed rulemakin… Read More
2016-02-05 21:36
Notice 2016-17 provides guidance on the application of certain market reform provisions of the Affordable Care Act to student health coverage including some transition relief.
Document Excer… Read More
2016-02-05 21:09
Technical Release 2016-01 provides guidance on the application of the Affordable Care Act’s market reforms and other provisions to student health coverage.
Document Excerpt
This Techni… Read More
2016-02-04 15:37
In light of its current funding standing, Senator Chuck Grassley has sent a letter to the DOL inquiring as to the DOL’s previously granted oversight over Central States Pension.
Docume… Read More
2016-02-03 16:11
The IRS has released an Internal Memorandum discussing the feasibility of adopting a discretionary amendment after the close of a plan year that increases contributions for the prior year.
D… Read More
2016-02-03 16:06
Notice 2016-3 reflects the IRS prior announcement regarding upcoming changes to its Determination Letter program including which controlled groups can file for a final periodic determination… Read More
2016-01-29 16:02
The IRS has released a reporting and disclosure chart.
Document Excerpt
Linkhttps://www.irs.gov/pub/irs-tege/irs_reporting_disclosure_guide.pdf Read More
2016-01-29 15:53
The IRS has released proposed regulations providing relief for nondiscrimination purposes for certain closed defined benefit plans.
Document Excerpt
This document contains proposed regulatio… Read More
2016-01-29 15:43
The IRS has released Notice 2016-16 providing some guidance on mid-year changes to a safe harbor plan.
Document Excerpt
This notice provides guidance on mid-year changes to a safe harbor pl… Read More
2016-01-26 15:56
The IRS has issued proposed regulations clarifying the applicability of the 2007 normal retirement regulations to government pension plans.
Document Excerpt
SUMMARY: This document contains p… Read More
2016-01-21 15:32
The Supreme Court held that a plan cannot recover plan overpayments from a participant’s general assets where the proceeds from a settlement had been dissipated on nontraceable items… Read More
2016-01-15 16:29
The IRS has released a series of questions and answers on information reporting by insurers under Section 6055.
Document Excerpt
Information reporting under section 6055 is voluntary for cov… Read More
2016-01-15 16:25
The IRS has released a list of questions and answers on reporting employer offers of coverage under Section 6056.
Document Excerpt
Information reporting under section 6056 is first required… Read More
2016-01-08 18:50
The changes result in the reduction of the user fee for many smaller plans.
Document Excerpt
Link
https://www.irs.gov/Retirement-Plans/Changes-to-Voluntary-Correction-Program-Compliance-Fees… Read More
2016-01-06 15:51
The PBGC announces that it is now ready to accept online electronic premium filings for 2016.
Document Excerpt
2016 Premium Filings: My PAA is now ready to accept electronic premium filings… Read More
2016-01-04 16:15
Notice 2016-02 provides guidance on claiming the restoring health coverage tax credit for 2014 and 2015.
Document Excerpt
This notice provides guidance regarding the health coverage tax cred… Read More
2016-01-04 16:09
Notice 2016-03 provides additional guidance on the changes to the determination letter program including an extension to adopt a pre-approved plan.
Document Excerpt
In anticipation of the el… Read More
2015-12-29 15:46
The PBGC is requesting that the Office of Management and Budget approve changes to an information collection needed to locate missing participants under a terminated defined benefit plan.
Do… Read More
2015-12-29 15:31
Notice 2016-4 provides that the date for the information reporting required by the Affordable Care Act under Sections 6055 and 6056 has been extended to two months after February 1.
Document… Read More
2006-06-07 11:16
Chief Counsel Memorandum addresses impact of Health FSA carryovers on eligibility for a Health Savings Account. Document Excerpt May an otherwise eligible individual under section 223(c)(1)(… Read More
2006-06-07 11:16
A new Chief Counsel Memorandum discusses correction procedures for improper Health Flexible Spending Arrangement payments. Document Excerpt This Chief Counsel Advice responds to your request… Read More
2006-06-07 11:16
The most recent edition of the Employee Plans News includes a discussion of the IRS’ new position on the “one rollover per year” restriction, along with announcements… Read More
2006-06-07 11:16
The IRS has announced the second two-year period for adopting pre-approved plans under Revenue Procedure 2007-44. Document Excerpt Employers using these pre-approved plan documents to restat… Read More
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