Benefits Forward

As a service to plan administrators, the PBGC has recently mailed a notice about the upcoming 2011 premium instructions. The notice also includes helpful premium filing reminders.

Practitioners and employers may register for an upcoming IRS phone forum on identifying and correcting errors in SIMPLE IRAs.

The PBGC has released the interest rate for lump sum payments in October.

Notice 2010-61 provides updated guidance on the weighted average and permissible range for funding purposes.

The IRS has released a draft version of the form to be used by eligible small businesses and not-for-profit entities to claim the small business tax credit available under the Affordable Care Act.

Comments may be viewed on the interim final rules governing provider fee disclosure requirements.

Individuals may register to attend webcast on complying with the Affordable Care Act.

Secretary of Labor Hilda L. Solis today issued the following statement on the announcement of the first round of applicants accepted into the Early Retiree Reinsurance Program, an important component of the Affordable Care Act.

As a result of the enactment of the Affordable Care Act, guidance is now issued making Rev. Rul. 2003-102 obsolete.

Notice 2010-59 provides guidance on new section 106(f) of the Internal Revenue Code, added by section 9003 of the Affordable Care Act. That section sets forth a new standard, effective Jan. 1, 2011, for reimbursement of expenses for over-the-counter drugs from all workplace health plans, including flexible spending arrangements (FSA), health reimbursement arrangements (HRA), Health Savings Accounts (HSA) and Archer Medical Savings Accounts (Archer MSA).