Qualified Small Employer Health Reimbursement Arrangements

The IRS provides guidance on qualified small employer health reimbursement arrangements. Document Excerpt This notice provides guidance on the requirements for providing a qualified small employer health reimbursement arrangement (QSEHRA) under section 9831(d) of the Internal Revenue Code (Code), the tax consequences of the arrangement, and the requirements for providing written notice of the arrangement […]

Guidance on applying Loan Cure Period

Chief Counsel provides guidance on applying the permissible cure period or grace period with respect to missed payments under a participant loan. Document Excerpt This Chief Counsel Advice responds to your request for assistance. This advice may not be used or cited as precedent. Link https://www.irs.gov/pub/irs-wd/201736022.pdf

Treasury Priority Guidance Plan 2017-2018

The Treasury releases its Priority Guidance Plan for 2017-2018. Document Excerpt Link https://www.irs.gov/pub/irs-utl/2017-2018_pgp_initial.pdf#page=7

2018 Plan Dollar Limits

The IRS releases the 2018 retirement plan limits via Notice 2017-64. Document Excerpt Section 415 of the Internal Revenue Code (the Code) provides for dollar limitations on benefits and contributions under qualified retirement plans. Section 415(d) requires that the Secretary of the Treasury annually adjust these limits for cost-of-living increases. Other limitations applicable to deferred […]

Pilot Mediation Project Launched

In PBGC Release 17-7, the agency announces the launch of a pilot mediation program to resolve certain termination liability collection and Early Warning Program cases. Document Excerpt WASHINGTON – The Pension Benefit Guaranty Corporation announced a new pilot program to offer mediation in certain Termination Liability Collection and Early Warning Program cases. PBGC’s Pilot Mediation […]

October Employee Plans News

Included is a discussion of use of a cure period for missed loan payments, the new procedures for automatic approval for certain changes in funding method, and the newly released updated mortality table. Document Excerpt Link https://www.irs.gov/retirement-plans/employee-plans-news

Executive Order On Health Care

President Trump signs an Executive Order authorizing insurance companies to sell health insurance policies across state lines. The order would require the DOL to issue guidance making it easier to maintain association plans. The order also encourages short-term plans and HRAs. Document Excerpt Link https://www.whitehouse.gov/the-press-office/2017/10/12/presidential-executive-order-promoting-healthcare-choice-and-competition

Proposed Rule to Delay Disability Claims Regulatory Amendments

The DOL has proposed a rule that would delay implementation of the changes to the claims regulations governing disability claims. Document Excerpt The Department of Labor proposes to delay for ninety (90) days – through April 1, 2018 – the applicability of the Final Rule amending the claims procedure requirements applicable to ERISA-covered employee benefit […]

IRS Updates Procedures for Requesting a change in Funding Method

Revenue Procedure 2017-57 updates guidance setting forth procedures for obtaining approval of the IRS for a change in funding method. Document Excerpt The purpose of this revenue procedure is to update Rev. Proc. 2000-41, 2000-2 C.B. 371, to take into account the enactment of subsequent legislation. This revenue procedure sets forth the procedure for obtaining […]

IRS Updates Automatic Approval Guidance

Revenue Procedure 2017-56 updates guidance on automatic approval for certain changes to take into account the provisions of Section 430 enacted as part of PPA. Document Excerpt Automatic approval for certain funding method changes for single-employer defined benefit pension plans subject to the minimum funding requirements of § 430 Link https://www.irs.gov/pub/irs-drop/rp-17-56.pdf

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.