Regulatory Documents

2008 2010 2011 2012 2013 2014 2015

protected content Treasury and IRS Extend Temporary Guidance on Frozen Defined Benefit Plans through 2017

The Treasury Department and the Internal Revenue Service have issued Notice 2015-28, which extends the temporary nondiscrimination relief for closed defined benefit plans for one additional year. … More

protected content DOL Releases Rule Allowing Flexibility in Annual Participant Fee Disclosure

Today, the Department of Labor’s Employee Benefits Security Administration (EBSA) released a direct final rule that gives plans sponsors additional time to provide the required participant-level fee disclosure required under ERISA section 404(a)-5. … More

protected content Government Issues Final Rules on Limited Wrap-Around Coverage

Yesterday the Departments of Labor, Treasury, and HHS issued final regulations to amend the definition of “excepted benefits” under section 9832 of the Internal Revenue Code to include certain limited “wraparound” coverage. … More

protected content IRS Guidance Addresses Treatment of Employer Payment Plans

In recently published Notice 2015-17, the IRS provides additional guidance on the treatment of “employer payment plans” (EPPs). … More

protected content DOL Issues Final Rule Updating FMLA Rights for Workers in Same-Sex Marriages

Under a final regulation (and accompanying documents) issued February 25 by the Department of Labor, the definition of a spouse under the Family and Medical Leave Act (FMLA) will now include all individuals in legal marriages, regardless of where they live. … More

protected content New ACA FAQ Issued on Supplemental Excepted Benefits

The tri-agencies (HHS, Labor, and Treasury) recently issued FAQ Part XXIII to slap down the dastardly persons who are selling supplemental benefits that provide a single benefit while trying to pass these policies off as excepted benefits. … More

protected content IRS Releases Initial Guidance on the ACA Cadillac Tax

Today IRS and the Treasury issued Notice 2015-16, which is intended to “initiate and inform” us about the potential application of the Cadillac tax under the Affordable Care Act (ACA).… More

IRS Updates Weighted Average Interest Rates, Yield Curves, and Segment Rates (Notice 2015-19)

The Internal Revenue Service (IRS) on February 18 released Notice 2015-19 providing guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under section 417(e)(3), and the 24-month average segment rates under section 430(h)(2) of the Internal Revenue Code. … More

protected content DOL FAQ Addresses Issue of Whether Supplemental Benefits Considered Excepted

A new Department of Labor Frequently Asked Question (FAQ) addresses the issue of whether health insurance coverage that supplements group health coverage by providing additional categories of benefits can be characterized as supplemental excepted benefits. … More

protected content SEC Releases Proposed Rules for Hedging Disclosure

The Securities and Exchange Commission on February 9 released proposed rules under the Dodd-Frank Act that would require disclosure about whether directors, officers and other employees are permitted to hedge or offset any decrease in the market value of equity securities granted by the company as compensation or held, directly or indirectly, by employees or directors.… More

DOL Issues Final Rule on Annual Funding Notice for Defined Benefit Plans

The Department of Labor on January 30 released a final rule implementing the annual funding notice requirement of section 101(f) of the… More

protected content PBGC Revised Request for Information Collection on De-Risking Transactions

Recently, the Pension Benefit Guaranty Corporation (“PBGC”) issued a notice to revise a collection of information request regarding de-risking transactions. … More

IRS Updates Weighted Average Interest Rates, Yield Curves, and Segment Rates (Notice 2015-5)

The Internal Revenue Service (IRS) on January 15 released Notice 2015-5 providing guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under section 417(e)(3), and the 24-month average segment rates … More

protected content DOL Releases Updated FAB on Annual Funding Notice Requirements under HATFA

The Department of Labor’s Employee Benefits Security Administration’s (“EBSA”) has released guidance on the annual funding notice that some defined benefit plans are required to provide to plan participants. … More

protected content PBGC Posts Announcement on New Section 4062(e) Rules

The Pension Benefit Guaranty Corporation has posted an announcement on its website regarding the expiration of its moratorium on ERISA section 4062(e) enforcement and Congress’s new law with respect to the definition of “cessation of operations” and section 4062(e) reporting.… More

Automatic Approval of Change in Funding Method for Takeover Plans, IRS Advises

The Internal Revenue Service in Announcement 2015-3 advised that automatic approval of a change in funding method is provided with respect to a single-employer defined benefit plan under certain circumstances in which the change in method results from a change in the plan’s enrolled actuary. … More

protected content PBGC Posts Announcement on New Section 4062(e) Rules

The Pension Benefit Guaranty Corporation has posted an announcement on its website regarding the expiration of its moratorium on ERISA section 4062(e) enforcement and Congress’s new law with respect to the definition of “cessation of operations” and section 4062(e) reporting.… More

protected content Commerce Department Proposes Rule on Access to Death Master File

The Commerce Department’s National Technical Information Service on December 30 published in the Federal Register a proposed rule to establish a program whereby individuals may become “certified” to obtain access to Death Master File (DMF) information about an individual within three years of that individual’s death. … More

protected content IRS Announces Changes to Processing of Incomplete Employee Plan Determination Letters

The IRS in Announcement 2015-01 released December 19 described changes to the processing of employee plans determination letters that will take effect in 2015. … More

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IRS FAQs Address Rollovers of After-Tax Amounts to Roth IRAs; Summarizes Corrections for Roth Contribution Mistakes

To address recent questions the IRS received following the release of Notice 2014-54, the agency recently released two frequently-asked-questions to help clarify rollovers of after-tax contributions in retirement plans. In addition, the IRS in its most recent Retirement News for Employers discusses corrections that employers with Roth features in their 401(k), 403(b) or 457(b) plans can take when the employer does not follow the employee’s election as to the type of elective deferral.… More

IRS Issues Covered Compensation Tables for 2015 Plan Year

The Internal Revenue Service recently released Revenue Ruling 2014-34, providing the covered compensation tables for use in calculating… More

protected content Agencies Propose Updates to the Final SBC Regulations under the ACA

The Internal Revenue Service along with the Departments of Labor, and Health and Human Services on December 22 released proposed regulations regarding updates to the summary of benefits and coverage (SBC) under the Affordable Care Act, including a new set of proposed SBC templates, instructions, an updated uniform glossary, and other materials. … More

protected content Government Proposes that Some Limited Wrap-Around Coverage Be Considered “Excepted Benefits”

At the end of last week, the Departments of Labor, Treasury, and Health and Human Services (HHS) issued proposed regulations that would amend the definition of “excepted benefits” under section 9832 of the Internal Revenue Code to include certain limited wraparound coverage. … More

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Treasury Department Releases Final Regulations on Electronic Retirement Savings Bond for myRA Program

The Treasury Department on December 15 published in the Federal Register a final rule on a new nonmarketable, electronic retirement savings bond for Treasury’s myRA retirement savings program announced earlier this year. … More

protected content IRS Updates Weighted Average Interest Rates, Yield Curves, and Segment Rates (Notice 2014-78)

The Internal Revenue Service (IRS) on December 9 released Notice 2014-78 providing guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under section 417(e)(3), and the 24-month average segment rates … More

2008 2010 2011 2012 2013 2014 2015