Proposed Regulations on 90 day Waiting Period

Along with the issuance of final regulations the Departments also issued proposed regulations dealing with “orientation periods.” Document Excerpt These proposed regulations would clarify the maximum allowed length of any reasonable and bona fide employment-based orientation period, consistent with the 90-day waiting period limitation set forth in section 2708 of the Public Health Service Act, […]

Finial 90 Day Wait Rules

The Departments issue final rules governing the Affordable Care Act’s maximum 90 day wait rule. Document Excerpt These final regulations implement the 90-day waiting period limitation under section 2708 of the Public Health Service Act, as added by the Patient Protection and Affordable Care Act (Affordable Care Act), as amended, and incorporated into the Employee […]

March Lump Sum Rates

PBGC releases March lump sum interest rates. Document Excerpt The immediate interest rate for valuing lump sum payments for the month of March 2014 is 1.50% and the deferred interest rate I1 is 4.00%, I2 is 4.00%, and I3 is 4.00%. (The immediate interest rate for February 2014 was 1.75% for lump sum payments; the […]

FAQs on Employer Shared Responsibility

In conjunction with the release of its final regulations, the IRS also released a FAQs on employer shared responsibility. Document Excerpt On Feb. 10, 2014, the IRS and Treasury issued final regulations on the Employer Shared Responsibility provisions under section 4980H of the Internal Revenue Code. The following questions and answers provide helpful information about […]

Final Employer Shared Responsibility Regulations

The IRS has released final employer shared responsibility regulations under the Affordable Care Act. Document Excerpt This document contains final regulations providing guidance to employers that are subject to the shared responsibility provisions regarding employee health coverage under section 4980H of the Internal Revenue Code (Code), enacted by the Affordable Care Act. These regulations affect […]

Update on Corporate Bond Rates and Yield Curve

Notice 2014-13 provides guidance as to the corporate bond weighted average interest rate and the permissible range of interest ratesas in effect for plan years beginning before 2008.  The Notice also provides guidance on the corporate bond monthly yield curve (and the corresponding spot segment rates), and the 24-month average segment rates under § 430(h)(2). Document Excerpt […]

UBTI Proposed Regulations

IRS issues proposed regulations on how VEBAs and certain other employee benefit plans should calculate the Unrelated Business Taxable Income where applicable. Document Excerpt This document contains a new proposed regulation providing guidance on how certain organizations that provide employee benefits must calculate unrelated business taxable income (UBTI). This document also withdraws the notice of […]

Updates to IRS Publication 560

The IRS has revised its Publication 560, retirement plans for small businesses. Document Excerpt Link http://www.irs.gov/pub/irs-pdf/p560.pdf

Sample Roth Article for Employers

The IRS provides a sample Roth article that employers and organizations can use to explain Roth features added to plans. Document Excerpt  Sample article for organizations and employers to use to reach customers (word count 346)   Customize and provide the following article in your communication vehicles for your audience. ______________________________________________________________________________________ Link http://www.irs.gov/pub/irs-utl/OC-RothAccountinYourRetirementPlan.pdf

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