The American Retirement Association wrote to the Internal Revenue Service to comment on the Department of Treasury’s and Internal Revenue Service’s Notice of Proposed Rulemaking regarding updated life expectancy and distribution period tables used for purposes of determining required minimum distributions. In the letter the American Retirement Association recommends that IRS and Treasury first issue...
The Plan Sponsor Council of America, part of the American Retirement Association, wrote to the Department of Treasury to request additional guidance from the Department regarding student loan repayment programs being an additional design option for qualified retirement plans. (more…)
The American Retirement Association wrote to the Treasury Department in response to President Trump’s Retirement Security Executive Order which directed the Treasury to determine whether the life expectancy and distribution period tables for the required minimum distribution rules should be updated. The American Retirement Association provided recommendations on the timing and potential effective dates of...
The Plan Sponsor Council of America, part of the American Retirement Association, wrote to both the Departments of Labor and Treasury with recommendations for guidance with respect to ERISA and Internal Revenue Code compliance issues that arise when there is a missing or nonresponsive retirement plan participant. (more…)
On July 24, 2017, the ASPPA College of Pension Actuaries (ACOPA) wrote to the Internal Revenue Service and Department of Treasury to recommend an alternative for projecting variable interest credit rates in cash balance plans for testing purposes. (more…)
The Plan Sponsor Council of America wrote to both the Departments of Labor and Treasury to ask for additional guidance to address the various compliance issues that arise under ERISA and the tax code when there is a missing or nonresponsive participant and to propose a ten-step sample safe harbor program to satisfy those issues....
The American Society of Pension Professionals & Actuaries, part of the American Retirement Association, wrote to both the Internal Revenue Service and Treasury Department to request that the Internal Revenue Service permit filers to complete the 2015 Form 5500-SUP (and/or the equivalent items appearing on the 2015 Form 5500 series, including the paid preparer disclosure)...