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  • irs releases guidance on disaster relief distributions and loans under 401k plans
    Publisher: ComplianceDashboard Blog

    irs releases guidance on disaster relief distributions and loans under 401k plans

    Learn about disaster relief distributions and expanded loans under qualified retirement plans.
    Learn about disaster relief distributions and expanded loans under qualified retirement plans.

    Tags: secure 2.0, loans, irs, disaster relief

    5 1
  • Publisher: Journal of Pension Benefits

    A Look at the IRS's New Employee Plan Audit Pilot Program

    The IRS is launching an audit program designed to reduce the time and burden of retirement plan audits. Check out the FAQs 
    The IRS is launching an audit program designed to reduce the time and burden of retirement plan audits. Check out the FAQs 

    Tags: irs, 2023, audits

    5 1
  • 401(k) CURRENT EVENTS: IRS EXPANDS DETERMINATION LETTER PROCESS FOR CERTAIN INDIVIDUALLY DESIGNED 401(K) PLANS - ComplianceDashboard
    Publisher: ComplianceDashboard

    401(k) CURRENT EVENTS: IRS EXPANDS DETERMINATION LETTER PROCESS FOR CERTAIN INDIVIDUALLY DESIGNED 401(K) PL...

    On November 7, 2022, the IRS released Revenue Procedure (Rev. Proc.) 2022-40 which generally updates the determination letter submission process for qualified retirement plans, including 401(k) plans. In particular, among other changes, the program e...
    On November 7, 2022, the IRS released Revenue Procedure (Rev. Proc.) 2022-40 which generally updates the determination letter submission process for qualified retirement plans, including 401(k) plans. In particular, among other changes, the program e...

    Tags: irs, determination letters

    5 1
  • Are Retirement Plan Sponsors Still Required to File Form 8955-SSA? | PLANSPONSOR
    Publisher: PLANSPONSOR

    Are Retirement Plan Sponsors Still Required to File Form 8955-SSA? | PLANSPONSOR

    What is Form 8955-SSA? And are plan sponsors still required to file it? Hear it from the experts Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
    What is Form 8955-SSA? And are plan sponsors still required to file it? Hear it from the experts Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

    Tags: irs, missing participants

    5 1
  • IRS Finally Clarifies 401k RMD Calculations in Proposed Rule
    Publisher: 401K Specialist

    IRS Finally Clarifies 401k RMD Calculations in Proposed Rule

    On Wednesday, the IRS released proposed regulations to implement the SECURE Act’s age increase to RMD from qualified retirement accounts. IRS provides additional clarification on 401(k) Required Minimum Distribution calculations in the proposed ru...
    On Wednesday, the IRS released proposed regulations to implement the SECURE Act’s age increase to RMD from qualified retirement accounts. IRS provides additional clarification on 401(k) Required Minimum Distribution calculations in the proposed ru...

    Tags: irs, rmd, 2022, secure act

    5 1
  • IRS Announces 2022 Retirement Plan Contribution and Benefit Limits
    Publisher: PlanSponsor

    IRS Announces 2022 Retirement Plan Contribution and Benefit Limits

    IRS Announces 2022 Contribution Limits! Employees can defer up to $20,500 to their 401(k) plan. Most defined contribution plan participants can defer up to $20,500 to plans in 2022.
    IRS Announces 2022 Contribution Limits! Employees can defer up to $20,500 to their 401(k) plan. Most defined contribution plan participants can defer up to $20,500 to plans in 2022.

    Tags: irs, contribution limits

    5 1
  • Getting Retirement Plan Help From the IRS
    Publisher: PLANSPONSOR

    Getting Retirement Plan Help From the IRS

    The IRS is here to help plan sponsors with plan direction and assistance with administration duties.
    The IRS is here to help plan sponsors with plan direction and assistance with administration duties.

    Tags: irs, plan administration, determination letters

    5 1
  • Deemed Distributions Can Be Triggered by More Than Just Loan Nonpayment
    Publisher: PlanSponsor

    Deemed Distributions Can Be Triggered by More Than Just Loan Nonpayment

    Your retirement plan may provide a small window for employees to catch up on missed loan payments, plus more. Learn about loan specifications here
    Your retirement plan may provide a small window for employees to catch up on missed loan payments, plus more. Learn about loan specifications here

    Tags: participant behavior, loans, irs, distributions

    5 1
  • Publisher: Groom Law Group

    IRS Clarifies Partial Plan Termination Relief Under 2020 Legislation

    On April 27, the Internal Revenue Service (“IRS”) issued informal guidance on partial plan terminations as part of the COVID-related tax relief provided under The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the “Relief Act”), ...
    On April 27, the Internal Revenue Service (“IRS”) issued informal guidance on partial plan terminations as part of the COVID-related tax relief provided under The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the “Relief Act”), ...

    Tags: irs, covid response, partial plan termination

    5 1
  • IRS Reveals Retirement Plan Compliance Initiatives
    Publisher: PlanSponsor

    IRS Reveals Retirement Plan Compliance Initiatives

    6 IRS red flags. New compliance initiatives target participant loans, worker classification, RMDs, partial plan termination and partial vesting
    6 IRS red flags. New compliance initiatives target participant loans, worker classification, RMDs, partial plan termination and partial vesting

    Tags: loans, irs, compliance, rmds, vesting

    5 1
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