Information About Premium Filings

The PBGC has posted its notice about premium filings. This may the last time that notice is actually sent to plan sponsors as future notices may only be posted on the PBGC’s website. Document Excerpt  Last Paper Notice  : We expect this to be the last time we send a paper notice to give you […]

Benefit Restrictions Notice

Notice 2012-46 provides guidance on the required notice of benefit restrictions. Document Excerpt This notice provides guidance in the form of questions and answers with respect to the notice requirements of section 101(j) of the Employee Retirement Income Security Act of 1974 (ERISA), which requires that notice be provided to participants and beneficiaries relating to […]

Policy Analysis of the Constitutionality of ACA’s IPAB

The CATO Institute’s analysis of the Constitutionality of the Affordable Care Act’s Independent Payment Advisory Board. Document Excerpt  When the unelected government officials on this board submit a legislative proposal to Congress, it automatically becomes law: PPACA requires the Secretary of Health and Human Services to implement it. Blocking an IPAB “proposal” requires at a […]

DOL Announces On Line Filing Tool For Fee Disclosure Failures

The DOL has made available an on-line method of notifying it that a service provider has failed to provide the necessary fee disclosure. Document Excerpt This web page allows plan fiduciaries to electronically notify the Department of Labor of a service provider’s failure to disclose fee information required by the Department’s 408(b)(2) regulation. To go […]

Lump Sum Interest Rate

The PBGC has released the interest rate for lump sum payments in October. Document Excerpt The immediate interest rate for valuing lump sum payments for the month of October 2012 is .75%. The deferred interest rate I1 is 4.00%, I2 is 4.00%, and I3 is 4.00%. (The immediate interest rate for September 2012 was .75% […]

Update on Weighted Average Interest Rates

Notice 2012-56 provides updated information on weighted average interest rates, yield curves and segment rates for funding purposes. Document Excerpt  This notice provides guidance as to the corporate bond weighted average interest rate and the permissible range of interest rates specified under § 412(b)(5)(B)(ii)(II) of the Internal Revenue Code as in effect for plan years […]

Guidance on MAP-21 Stabilization Rules

The IRS has released Notice 2012-61 providing guidance on the pension funding stabilization rules found in MAP-21. Document Excerpt  This notice provides guidance on the special rules relating to pension funding stabilization for single-employer defined benefit pension plans under amendments to the Internal Revenue Code (Code) and the Employee Retirement Income Security Act of 1974 […]

Guidance on impact of MAP-21 on PBGC Reporting

Technical Update 12-2 provides guidance on the impact of MAP-21 on 4010 reporting. Document Excerpt This Technical Update 12-2 provides PBGC guidance on the effect of the Moving Ahead for Progress in the 21st Century Act (MAP-21) on annual financial and actuarial reporting under section 4010 of ERISA and part 4010 of PBGC’s regulations.1 This Technical […]

Defined Benefit Plans and the Small Business Employer

More and more small employers are deciding whether a traditional defined benefit plan may be right for their small business. Link:Definedbenefit.2012

Guidance on 90 Day Waiting Period

Notice 2012-59 provides guidance on determining the 90 day waiting period for purposes of Section 2708 under the Affordable Care Act. Document Excerpt The Departments of Labor, Health and Human Services (HHS), and the Treasury (the Departments) are working together to develop coordinated regulations and other administrative guidance to assist stakeholders with implementation of the […]

About Us

Benefits Forward is a news site for professionals in the field of employee benefits. Our goal is to provide the latest information about the benefits field and to host a community discussion regarding related issues.

Seminars, Conferences & Other Events

  • Sorry, there are no articles in this category.

Need Help Correcting Plan Errors?

Contact us for either consultation on how you can Self Correct or to propose cost effective correction methods using VCP. Or contact us to submit under VCP on your behalf or on behalf of your client. Contact us by email.