Tag Archives: Governmental Plans

Cautionary Observations from the Proposed 457 Regulations

After more than nine years of deliberations, the IRS has finally released proposed regulations governing all types of deferred compensation plans maintained by non-profit organizations and governmental entities. In issuing these regulations, the IRS reiterates its long-standing theme that these […]

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2015 Qualified Plan Limits!

They’re here!  The 2015 IRS plan limitations arrived a full week earlier than last year.  Most of the limitations have been adjusted upwards.  See the chart below (after the jump) to see the new limits as well as a summary […]

Posted in Legal Updates, Multi-employer Plans, Plan Administration and Compliance, Qualified Plans, Tax-qualified Retirement Plans | Tagged , , , , , , , , | Leave a comment

2014 Qualified Plan Limits – Now in Tabular Form!

As a follow up to our post on November 1, 2013, regarding changes to the qualified plan limits for 2014, we’ve issued a Client Alert providing the qualified plan limits for 2014 (as well as 2011 – 2013) in tabular […]

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IRS Audit Trends & Issues

Continuing our series of posts reporting on the recent TE/GE meetings, today we focus on the audit trends and issues that the IRS officials in attendance identified.  In addition to providing insight on the IRS’s focus, the list serves as […]

Posted in Fiduciary Issues, Plan Administration and Compliance, Tax-qualified Retirement Plans | Tagged , , , , , , , , | 2 Comments

IRS Updates Retirement Plan Correction Program

After a long wait, an updated Revenue Procedure for the Employee Plans Compliance Resolution System (EPCRS) was released in the form of Rev. Proc. 2013-12.  The new Revenue Procedure makes some important changes to the EPCRS. As many plan sponsors […]

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News & Notes – December 7, 2012

Below is our most recent list of News & Notes from the week that was.  Let us know what you think.  Should we continue this feature? New York City is considering using the city’s public pension funds to finance housing […]

Posted in General, Health Care Reform, Health Plans, On the Lighter Side, Tax-qualified Retirement Plans | Tagged , , , , , , | Leave a comment

Year-End Qualified Retirement Plan Checklist

It’s time to ensure year-end qualified plan deadlines are satisfied. Below is a checklist designed to help employers with this process. A.      QUALIFIED PLAN AMENDMENTS The deadline for adopting the amendments listed below is the last day of the plan […]

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Governmental Plans: Are Your Plan Fees Reasonable?

Have you recently received fee disclosures from your plan service providers?  Do you know the total compensation your service providers receive for their services?  Are you aware how these costs impact plan participants?  Are these fees reasonable? All plan fiduciaries, […]

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Recent Guidance on Normal Retirement Age Regulations for Governmental Plans

The IRS and Treasury Department recently issued Notice 2012-29, which provides new guidance for the final “normal retirement age” regulations relating to governmental plans. The Notice provides that the IRS and the Treasury intend to further extend the effective date […]

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IRS Releases Proposed Rules on New Comparative Effectiveness Fee for Health Plans

On April 12, the IRS released proposed regulations regarding the collection of the fee for the Patient-Centered Outcomes Research Trust Fund (the “Fund”) under the Patient Protection and Affordable Care Act (“PPACA”). The Fund will be used to pay for […]

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