EBIA Weekly Archives - 401(k) - Statutes

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Results (467 articles found)


  1. DOL Issues Final Rules for Qualified Default Investment Alternatives Under the PPA
    From the October 25, 2007 EBIA Weekly
    ERISA Section 404(c)(5), added by the Pension Protection Act of 2006 (PPA), provides fiduciary relief for certain default investments as defined under DOL implementing regulations. In 2006, the DOL proposed its implementing regulations (see our article at http://...
    [DOL Reg. Sec. 2550.404c-5, 72 Fed. Reg. 60451 (Oct. 24, 2007)]
  2. DOL Extends Deadline for Furnishing Annual Benefit Statements to Form 5500 Filing Deadline
    From the October 18, 2007 EBIA Weekly
    ERISA Section 105, as amended by the Pension Protection Act of 2006 (PPA), requires plan administrators to provide individual benefit statements at least quarterly to participants or beneficiaries in defined contribution plans (including 401(k) plans) who have the right ...
    [DOL Field Assistance Bulletin 2007-03 (Oct. 12, 2007)]
  3. IRS Announces 2008 Cost-of-Living Increases in Dollar Limits and Thresholds for Retirement Plans
    From the October 18, 2007 EBIA Weekly
    The IRS has announced the 2008 cost-of-living increases applicable to the dollar limits and thresholds for retirement plans. Most of the dollar limits will increase for 2008 with the notable exception of the elective deferral limit, which will ...
    [IRS News Release IR-2007-171 (Oct. 18, 2007)]
  4. IRS Highlights Common Problems Found in Cycle A Determination Letter Applications
    From the October 04, 2007 EBIA Weekly
    The IRS Newsletter “Employee Plans News” for fall 2007 highlights “lessons learned” from processing Cycle A determination letter applications. Under the new cyclical submission system, plan sponsors generally apply for a favorable determination letter for their ...
    [IRS Newsletter "Employee Plans News" (Fall 2007)]
  5. Determination Letter Program for Pre-Approved Defined Contribution Plans Will Temporarily Close
    From the September 20, 2007 EBIA Weekly
    The IRS has announced that as of December 18, 2007, it will temporarily stop accepting determination letter requests for pre-approved defined contribution plans, which are submitted on Form 5307 (Application for Determination for Adopters of Master or Prototype or ...
    [IRS Announcement 2007-90 (Sept. 19, 2007)]
  6. DOL Issues Proposed Regulations Regarding Selection of Annuity Providers by Individual Account Plan Fiduciaries
    From the September 13, 2007 EBIA Weekly
    The DOL has published proposed regulations regarding the selection of annuity providers by fiduciaries of 401(k) plans and other individual account plans. The regulations have been issued pursuant to a provision in the Pension Protection Act of 2006 (PPA) ...
    [Prop. DOL Reg. Sec. 2550.404a-4, 72 Fed. Reg. 52021 and Amendment to Interpretive Bulletin 95-1, 72 Fed. Reg. 52004 (Sept. 12, 2007)]
  7. IRS Webpage Provides Reminder About Interim and Discretionary Amendment Requirements
    From the September 06, 2007 EBIA Weekly
    The IRS has announced a webpage summarizing the 2007 interim and discretionary amendments for retirement plans. The webpage list of 2007 interim and discretionary amendments is based on the 2006 Cumulative List of Changes in Plan Qualification Requirements (2006 List), ...
    [IRS Webpage: 2007 Interim and Discretionary Amendments]
  8. DOL Offers Informal Views on Benefit Statements and Investment Advice
    From the August 30, 2007 EBIA Weekly
    The Joint Committee on Employee Benefits (JCEB) of the American Bar Association has posted a report on the May 2007 Q&A session between JCEB representatives and DOL officials. Highlights for 401(k) plans include the following informal, nonbinding ...
    [ABA Joint Committee on Employee Benefits, Meeting With DOL Officials (May 7, 2007)]
  9. Proposed Regulations Clarify That Insurance Premium Payments Made by Qualified Plans Are Taxable Distributions
    From the August 23, 2007 EBIA Weekly
    The IRS has issued proposed regulations to clarify that payments from qualified plans (including 401(k) plans) for health or accident insurance premiums (including premiums for qualified long-term care insurance contracts) generally are taxable distributions. As background, Code Section ...
    [Prop. Treas. Reg. Secs. 1.72-15, 1.106-1, 1.401-1, 1.402(a)-1, 1.402(c)-2, 1.403(a)-1, and 1.403(b)-6, 72 Fed. Reg. 46421 (Aug. 20, 2007)]
  10. IRS Extends Transition Relief for Indian Tribal Governmental Plans Until Six Months After It Issues Guidance
    From the August 16, 2007 EBIA Weekly
    The IRS has extended the transition relief provided to Indian tribal governmental plans in Notice 2006-89 (see our article at http://www.ebia.com/WeeklyArchives/401k/Statutes/18734 (Premium Access subscription required)) until six months after it issues guidance. ...
    [IRS Notice 2007-67 (Aug. 10, 2007)]

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