Agents are informed of new Process for Information Document Requests

An internal memorandum advises Employee Plan personnel of the new process for IDR request. Document Excerpt Link The following procedures are to be followed when preparing, issuing and following-up on an Information Document Request (IDR). The examiner must conduct initial research applicable to the TE/GE organization and the potential issues to identify the information that […]

Extension of certain 2016 ACA Reporting Requirements

Notice 2016-70 extends the due date for certain information reporting requirements for 2016 under the Affordable Care Act. Document Excerpt This notice extends the due date for certain 2016 information-reporting requirements for insurers, self-insuring employers, and certain other providers of minimum essential coverage under section 6055 of the Internal Revenue Code (Code) and for applicable […]

Application of Market Rate Returns to PEPs

Notice 2016-67 provides guidance as the application of the market rate of return requirements to pension equity plans. Document Excerpt This notice describes the applicability of the market rate of return limitation rules of § 411(b)(5)(B)(i) and § 1.411(b)(5)-1(d) to a defined benefit plan that expresses a participant’s accumulated benefit as the current value of […]

Agencies Release Advance Copies of 2016 Form 5500

The Departments of Labor, Treasury and the PBGC have released advance copies of the 2016 Form 5500. Document Excerpt WASHINGTON – The U.S. Department of Labor’s Employee Benefits Security Administration, the Internal Revenue Service, and the Pension Benefit Guaranty Corporation today released advance informational copies of the 2016 Form 5500 annual return/report and related instructions. […]

PBGC Guarantee Limit

The PBGC has announced higher guaranteed benefit limits for 2017. Document Excerpt WASHINGTON – The Pension Benefit Guaranty Corporation announced today that the guarantee limit for single-employer plans that fail in 2017 will be higher than the limit that applied for 2015 and 2016. Link http://www.pbgc.gov/news/press/releases/pr16-16.html

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