Benefits Forward

The PBGC rule amends its regulation on Benefits Payable in Terminated Single-Employer Plans to prescribe interest assumptions under the regulation for valuation dates in March 2011.

Charles Shulman discusses the new Section 409A relief provided in otice 2010-80 – Relief With Respect to Correction Methods and Payment Conditioned on Executing Release.

The DOL files an amicus brief in Quan v. Computer Sciences Corp. in support of petition for en banc rehearing.

The November Edition of the IRS’ Employee Plans News includes a discussion of:

Form 5558 Requests for Extension That May Have Been Inadvertently Denied
Form 5500-EZ Mailing Address
Fiscal Year 2011 Work Plan
Hybrid Defined Benefit Plans – Final and Proposed Regulations
Hybrid Plans Phone Forum (November 23, 2010 at 2:00 p.m. EST)
PTIN – Additional Information
IRS Seeks Members for ACT
Information Reporting Program Advisory Committee Report

The November Special Edition of the IRS’ Retirement News for Employers includes a discussion of:
Form 5558 Requests for Extension That May Have Been Inadvertently Denied
Form 5500-EZ Mailing Address
PTIN – Additional Information
IRS Seeks Members for ACT

Guidance on Claims, Appeals and External Review Under ACA - The Affordable Care Act’s requirement that health plans and insurers must follow new and revised procedures for claims, internal appeals and external review.  These new requirements are effective for plan years beginning on or after September 23, 2010, although there is some transition relief.  Grandfathered plans [...]

The DOL and the AICPA have jointly sponsored an interactive website designed to assist small employers in choosing the most appropriate retirement plan.

The DOL has released a Model Comparative Chart to allow participants to compare information among various investment options.

The current edition of the IRS’ Employee Plans News includes a discussion of the new questionaire to be sent to 1200 sponsors of 401(k) plans.

Employee Benefits Security Administration has posted on the ERISA Advisory Council web page statements describing the issues that the 2010 Council is studying including employee benefit auditing and financial reporting models.