Priority Guidance 2014-2015

The Treasury and IRS release their Priority Guidance for 2014-2015. Document Excerpt The plan represents projects we intend to work on actively during the plan year and does not place any deadline on completion of projects. Projects on the 2014–2015 plan will provide guidance on a variety of issues important to individuals and businesses, including […]

Modification to Group Trust Rules

Revenue Ruling 2014-24 modifies the list of plans eligible to participate in group trusts under Rev. Rul. 2011-1. Document Excerpt This revenue ruling modifies the list of group trust retiree benefit plans eligible to participate in group trusts described in Rev. Rul. 81-100, 1981-1 C.B. 326, as modified by Rev. Rul. 2011-1, 2011-2 I.R.B. 251 […]

Request for Information on Standards For Brokerage Windows

  The DOL has released a Request for Information regarding standards that should apply for brokerage windows under participant-directed plans. Document Excerpt The Request for Information contained in this Notice will assist the Department in determining whether, and to what extent, regulatory standards or other guidance concerning the use of brokerage windows by plans are […]

Updated Guidance on Dealing With Missing Participants

Field Assistance Bulletin 2014-01 provides updated guidance on dealing with missing participants when a defined contribution plan terminates. It updates and replaces the prior Field Assistance Bulletin previously issued. Document Excerpt This Bulletin replaces Field Assistance Bulletin 2004-02 (FAB 2004-02) and reflects important changes that have occurred in the ten years since the publication of […]

Guidance on Definition of “Covered Entity” for purposes of ACA Fee

Notice 2014-47 provides guidance on how the IRS will interpret the term “covered entity” for purposes of the Affordable Care Act fee under Section 9010 for 2014. Document Excerpt Specifically, this notice resolves confusion as to the scope of the exclusions in § 9010(c)(2) from the general definition of the term covered entity. Additionally, this […]

Update on Corporate Bond, Yield Curve and Segment Rates

Notice 2014-48 updates the information regarding the corporate bond rates used for funding including the permissible range. Document Except  This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under § 417(e)(3), and the 24-month average segment rates under § 430(h)(2) of the Internal Revenue Code. In addition, […]

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