Benefit Determinations and Valuations in Cash Balance Plans on Termination Post PPA

The PBGC issues a proposed regulation that would implement the provisions of the Pension Protection Act of 2006 changing the rules for determining benefits in a cash balance plan upon termination. Document Excerpt This proposed rule would implement provisions of the Pension Protection Act of 2006 (PPA 2006) that change the rules for determining benefits upon the […]

SEC Provides “No Action” Letter in response to DOL Request

In response to a DOL request for a “No Action” letter regarding investment disclosures required to be made to participants, the SEC has indeed responded with a “No Action” letter. Document Excerpt Link

DOL Request “No-Action” Letter from SEC

The DOL request a “No Action” letter from the SEC with respect to the disclosures required to be made to participants regarding plan investments and the SEC’s marketing rules. Document Excerpt        Link

Final Fiduciary Adviser Guidance

The DOL has issued its final regulations governing the provision of fiduciary adviser services to a plan on a fee-level or computer model basis. Document Excerpt SUMMARY: This document contains a final rule under the Employee Retirement Income Security Act, and parallel provisions of the Internal Revenue Code of 1986, relating to the  provision of […]

Inflation Adjusted Limits

Revenue Procedure 2011-52 includes inflation adjusted limits for various non-benefit tax provisions but including for medical savings accounts. Document Excerpt Link

COLA Table

The IRS releases a COLA table including the 2012 dollar limits. Document Excerpt Link,,id=96461,00.html

Eligibility for Determination Letter User Fee Exemption

Notice 2011-86 amplifies Notice 2002-1 and provides guidance on the eligibility for the exemption from the determination letter user fee for applications filed after January 31, 2011. Document Excerpt Link

2012 Dollar Limits

IR 2011-103 reflects the 2012 pension limits including compensation and Section 415 limits. Document Excerpt Link IR-2011-103 IRS Announces Pension Plan Limitations for 2012

November Lump Sum Rates

The PBGC has released the interest rate applicable to November lump sum payments. Document Excerpt The immediate interest rate for valuing lump sum payments for the month of November 2011 is 1.50%. The deferred interest rate I1 is 4.00%, I2 is 4.00%, and I3 is 4.00%. (The immediate interest rate for October 2011 was 1.75% […]

Requirements for obtaining Opinion and Advisory Letters

The IRS issues guidance for obtaining opinion and advisory opinions for lead pre-approved plans. Document Excerpt .01 The procedures of the Service on the issuance of opinion and advisory letters regarding the acceptability of the form of pre-approved plans are set forth in Rev. Proc. 2005-16, as modified. This revenue procedure modifies and supersedes Rev. […]

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