Extension for Amending Defined Benefit Plans for Certain PPA Changes

Notice 2010-77 provides an extension for defined benefit plans to be amended to comply with certain requirements of the Pension Protection Act of 2006.

Additional Relief for Section 409A Plans

Notice 2010-80 provides additional relief for nonqualified deferred compensation plans covered under ยง 409A

Fact Sheet on Target Date Fund Disclosure

With the release of proposed regulations governing the disclosure of information regarding target date funds, the DOL has also released a Fact Sheet.

Guidance on Disclosures for Target Date Funds

The proposed rule provides guidance on the disclosure requirements for defined contribution plans with target date funds either as or not as a QDIA.

Guidance for Multiemployer Plans

Notice 2010-83 provides guidance for multiemployer defined benefit plans with respect to the special funding rules under Section 431(b)(8) as added by the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.

Prescription Drug Manufacturers Annual Fee

The IRS has issued guidance on the annual fee imposed on manufacturers and certain importers of prescription drugs under the Affordable Care Act.

November Edition of Employee Plans News

The November Edition includes a discussion of the defined benefit plan funding relief, in-plan Roth conversions and other issues.

Fall Edition of Retirement News for Employers

The Fall Edition includes in-plan Roth rollover guidance.

Guidance on In-Plan Roth Conversions

The IRS has now issued guidance on in-plan Roth rollovers under Section 401(k) and 403(b) arrangements allowed as a result of the Small Business Jobs Act of 2010.

Informal Guidance on Reporting In-Plan Roth Conversions

In a post on its website, the IRS says the 20% mandatory withholding would not apply. In addition, the IRS gives guidance on how the in-plan conversion should be reported.

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