Benefits Forward

Announcement 2009-89 provides for a remedial amendment period and reliance for employers that, pursuant to upcoming guidance, either adopt a pre-approved plan or apply for an individual determination letter when available.

The plan asset exception for mutual funds applies equally to target date and life cycle funds.

The DOL has issued a notice of proposed individual prohibited transaction exemption for the Ford company VEBA.

Revene Ruling 2009-40 sets forth the covered compensation tables for 2010.

The draft information requirements submitted to the Office of Management and Budget in connection with PBGC’s pending proposed rule on Reportable Events are now available on PBGC’s Web site.

DOL post on its website its unified agenda.

IRS Notice 2009-96 provides information on the corporate bond weighted average interest rate and the permissible range of interest rates specified under Section 412(b)(5)(B)(ii)(II).

The PBGC issues a proposed rule governing reportable events that reflects changes made by the PPA, conforming amendments, and other changes.

The draft information requirements submitted to the Office of Management and Budget in connection with PBGC’s pending proposed rule on Reportable Events are now available on PBGC’s Web site.

The PBGC has issued a notice containing the 2010 flat rate premium and also advising that it will no longer publish the premium notices in the Federal Register.