Reminder: Retirement Plan Returns, Termination Applications Have Upcoming Deadlines
Reminder: calendar year retirement, etc. plan returns are due on August 2, 2021. And July 31, 2021 is the deadline …
Reminder: Retirement Plan Participant Election Physical Presence Relief Ends June 30
Reminder: the temporary relief from the requirement that participant elections, including spousal consents, be made in the physical presence of …
Final REGs on Income Tax Withholding on Certain Periodic Retirement and Annuity Payments
The IRS has issued final regs updating the federal income tax withholding rules for certain periodic retirement and annuity payments …
Democratic Lawmakers, Pension Funds, Others Blast Labor Department’s ESG Investing Curbs
By Bill Flook Democratic lawmakers, pension funds, and others railed in comment letters against a Department of Labor proposal seeking …
Temporary Relief from Physical Rule for Retirement Plan Participant Elections
The IRS has provided participants, beneficiaries, and administrators of qualified retirement plans and other tax-favored retirement arrangements with temporary relief …
IRS provides information regarding certain pre-approved defined contribution plans
In an Announcement (Ann. 2020-7, 2020-2 IRB), IRS has provided information regarding the issuance of opinion letters, a plan adoption …
Labor Department Answers FAQs About Employee Benefit Plan Retirement Benefits
The Department of Labor (DOL) has answered frequently asked questions (FAQs) to help employee benefit plan participants, beneficiaries, sponsors and …
April 22 Deadline for Social Security/Railroad Retirement Recipients who have Children
In an Information Release, IRS has announced that recipients of Social Security retirement, survivor or disability benefits and recipients of …
IRS Issues 2020 Cumulative Amendment List for Qualified Retirement Plans
In a Notice, IRS has issued the 2020 Cumulative Amendment (CA) list for individually designed retirement plans. The CA list …
Client Letter on Secure Act Provisions Affecting Plan Sponsors
You can use the Client Letter that follows to inform your clients of key provisions under the Setting Every Community …