EBIA Weekly Archives - 401(k) - Statutes

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Results (452 articles found)


  1. IRS Proposes Regulations Addressing Notice of Participant's Right to Defer a Distribution and 180-Day Notice Period
    From the October 09, 2008 EBIA Weekly
    The Pension Protection Act of 2006 (PPA) added a requirement that the notice of a participant’s right to defer an immediate distribution (required by regulations under Code Section 411) also describe the consequences of taking an immediate distribution. ...
    [Prop. Treas. Reg. Secs. 1.401(a)-13, 1.401(a)-20, 1.402(f)-1, 1.411(a)-11, 1.417(e)-1, 73 Fed. Reg. 59575 (Oct. 9, 2008)]
  2. IRS Sets 2008-2009 Priorities for Issuing Regulations and Other Guidance Affecting 401(k) Plans
    From the October 02, 2008 EBIA Weekly
    The Treasury Department and the IRS have issued their 2008-2009 Priority Guidance Plan, which provides a preview of forthcoming regulations and other guidance under development. Last week’s EBIA Weekly provided highlights of the items affecting cafeteria and ...
    [Office of Tax Policy and IRS 2008-2009 Priority Guidance Plan (Sept. 10, 2008)]
  3. IRS Eases Certain Restrictions on Submission and Use of New Pre-Approved Plans
    From the September 25, 2008 EBIA Weekly
    The IRS has released Revenue Procedure 2008-56, which eases certain restrictions that Revenue Procedure 2007-44 imposed on the issuance of opinion and advisory letters for new pre-approved plans (that is, master and prototype (M&P) or ...
    [Rev. Proc. 2008-56 (Sept. 18, 2008)]
  4. SEC Warns Investors About the Pitfalls of Using 401(k) Debit Cards
    From the September 04, 2008 EBIA Weekly
    The Securities and Exchange Commission (SEC) has posted on its website a warning to investors about the possible adverse effects of using the so-called “401(k) debit cards” that some companies are beginning to offer to 401(...
    [SEC Alert: "401(k) Debit Cards: What You Might Not Know"; FINRA Investor Alert: "401(k) Debit Cards—Think Before You Swipe"]
  5. Proposed DOL Regulations Would Implement PPA Investment Advice Exemption; Proposed PTE Would Significantly Expand Relief
    From the August 28, 2008 EBIA Weekly
    The DOL has proposed regulations intended to implement the statutory prohibited transaction exemption for “eligible investment advice arrangements” added by the Pension Protection Act of 2006 (PPA). Under the statutory exemption, certain transactions associated with providing investment advice ...
    [Preamble and Prop. DOL Reg. Secs. 2550.408g-1 and 2550.408g-2, 73 Fed. Reg. 49895 (Aug. 22, 2008); Proposed Class Exemption for the Provision of Investment Advice to Participants and Beneficiaries of Self-Directed Individual Account Plans and IRAs, 73 Fed. Reg. 49924 (Aug. 22, 2008)]
  6. DOL Proposes Regulations and PTE Under PPA Exemption for Eligible Investment Advice Arrangements
    From the August 21, 2008 EBIA Weekly
    The Pension Protection Act of 2006 (PPA) created a statutory exemption from the prohibited transaction rules of ERISA for certain transactions that occur in connection with the provision of investment advice to participants and beneficiaries in participant-directed individual account ...
    [Prop. DOL Reg. Sec. 2550.408g-1, 73 Fed. Reg. __ (Aug. 22, 2008); Proposed Class Exemption for the Provision of Investment Advice to Participants and Beneficiaries of Self-Directed Individual Account Plans and IRAs, 73 Fed. Reg. __ (Aug. 22, 2008)]
  7. Updated EPCRS Adds New Correction Methods, Expanded Availability for Streamlined VCP, and Other Changes
    From the August 21, 2008 EBIA Weekly
    In Revenue Procedure 2008-50, the IRS has updated and expanded its system of voluntary correction programs for retirement plans, known as the Employee Plans Compliance Resolution System (EPCRS). The updated procedure makes numerous modifications to the 2006 version of ...
    [Rev. Proc. 2008-50 (Aug. 14, 2008)]
  8. IRS Releases Anticipated Update and Expansion of Its Employee Plans Compliance Resolution System (EPCRS)
    From the August 14, 2008 EBIA Weekly
    The IRS has released the anticipated update and expansion of its system of voluntary correction programs for retirement plans, known as the Employee Plans Compliance Resolution System (EPCRS). The system includes three levels of correction programs—a Self-Correction ...
    [Rev. Proc. 2008-50 (Aug. 14, 2008)]
  9. DOL and SEC Sign Memorandum of Understanding to Share Retirement and Investment Information
    From the August 14, 2008 EBIA Weekly
    In this Memorandum of Understanding (MOU), the DOL and SEC have formalized their longstanding practice of sharing information relevant to their regulatory and enforcement responsibilities. According to the DOL news release, the agreement will help “protect the $5.8 ...
    [Memorandum of Understanding Concerning Cooperation Between the U.S. Securities and Exchange Commission and the U.S. Department of Labor (July 29, 2008)]
  10. DOL Staff Members Provide Informal Views on ERISA 404(c) Plans, Fiduciary Liability, and Plan Expenses
    From the August 07, 2008 EBIA Weekly
    The Joint Committee on Employee Benefits (JCEB) of the American Bar Association has posted a report on the May 7, 2008 Q&A session between JCEB representatives and DOL staff members. Highlights include the following unofficial, nonbinding remarks about ...
    [ABA Joint Committee on Employee Benefits, Meeting With Department of Labor Staff (May 7, 2008)]

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