Remedial Amendment Period for Section 403(b) Form Failures

Document Excerpt This revenue procedure sets forth a system of recurring Remedial Amendment Periods for correcting Form Defects in § 403(b) Individually Designed Plans and § 403(b) Pre-approved Plans first occurring after the Initial Remedial Amendment Period (as defined in section 4.03) ends on March 31, 2020, and provides a limited extension of the Initial […]

Application of the Employer Shared Responsibility Provisions and Certain Nondiscrimination Rules to HRAs

Document Excerpt SUMMARY: This document sets forth proposed regulations to clarify the application of the employer shared responsibility provisions and certain nondiscrimination rules under the Internal Revenue Code (Code) to health reimbursement arrangements (HRAs) and other account-based group health plans integrated with individual health insurance coverage or Medicare (individual coverage HRAs), and to provide certain […]

Proposed Regulations on Benefit Payments and Allocation of Assets

Document Excerpt This proposed rule would make changes to PBGC’s regulations on Benefits Payable in Terminated Single-Employer Plans and Allocation of Assets in Single-Employer Plans. The changes would make clarifications and codify policies involving payment of lump sums, changes to benefit form, partial benefit distributions, and valuation of plan assets. Link https://www.federalregister.gov/documents/2019/09/30/2019-21088/benefit-payments-and-allocation-of-assets

PBGC Proposed Regulations on Lump Sum Assumptions

Document Excerpt This proposed rule would modify the assumptions the Pension Benefit Guaranty Corporation (PBGC) uses to determine de minimis lump sum benefits in PBBC-trusteed terminated single-employer defined benefit pension plans and would discontinue monthly publication of PBGC’s lump sum interest rate assumption. Link https://www.federalregister.gov/documents/2019/09/30/2019-21087/lump-sum-payment-assumptions

PBGC Releases New Section 4062(e) Form

Document Excerpt Link https://www.pbgc.gov/prac/reporting-and-disclosure/erisa-section-4062-e

Final Hardship Regulations

Document Excerpt This document contains final regulations that amend the rules relating to hardship distributions from section 401(k) plans. The final regulations reflect statutory changes affecting section 401(k) plans, including changes made by the Bipartisan Budget Act of 2018. Link https://www.federalregister.gov/documents/2019/09/23/2019-20511/hardship-distributions-of-elective-contributions-qualified-matching-contributions-qualified

Whether Employer HSA Contributions Constitute Wages Subject to Garnishment

Document Excerpt For these reasons and based on our understanding of the characteristics of HSAs, employer contributions to HSAs are not earnings as defined by the CCPA. Link https://www.dol.gov/whd/opinion/CCPA/2019/2019_09_10_1_CPPA.pdf

New Mailing Address for EP Including Determination Letter Applications

Document Excerpt Effective immediately, the mailing address for EP submissions for determination letters, letter rulings and IRA opinion letters is: Internal Revenue Service 7940 Kentucky Drive MS 31A Florence, KY 41042 Link https://www.irs.gov/faqs/retirement-plans/new-mailing-address-for-employee-plans-submissions

MHPAEA Enforcement Fact Sheet

Document Excerpt This enforcement fact sheet summarizes EBSA’s closed investigations and public inquiries to MHPAEA during fiscal year 2018. Link https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/fact-sheets/mhpaea-enforcement-2018.pdf

Final MHPAEA Disclosure Template

Document Excerpt This is a tool to help you request information from your employer-sponsored health plan or your group or individual market insurer regarding treatment limitations that may affect your access to mental health or substance use disorder benefits. Link https://www.dol.gov/sites/dolgov/files/EBSA/laws-and-regulations/laws/mental-health-parity/mhpaea-disclosure-template.pdf

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