copy and paste this google map to your website or blog!
Press copy button and paste into your blog or website.
(Please switch to 'HTML' mode when posting into your blog. Examples: WordPress Example, Blogger Example)
Update on Participant Benefit Statements Required by the Pension . . . Take a participant-directed plan where employees make § 401(k) contributions throughout the year, matching contributions are made quarterly, and profit sharing contributions are made once a year Might there be an obligation to report at least the § 401(k) contributions made during the year with respect to those statements?
DOL Guidance on Pension Benefit Statements The Department of Labor (DOL) has issued Field Assistance Bulletin 2006-03 (December 20, 2006) to provide guidance on the new requirements for defined benefit and defined contribution plans to furnish participants and beneficiaries with regular pension benefit statements
All Americans Gain Access to TIAA Lifetime Income Annuities Press Release All Americans Gain Access to TIAA Lifetime Income Annuities Issued by TIAA Mar 10, 2025 More than 55 million Americans don’t have access to a retirement plan at work Historic expansion of TIAA’s mission gives all Americans access to pension-like guaranteed retirement checks for life Annuitizing a portion of your savings with TIAA Traditional offers between 33% and 43% more
Text of IRS Notice 2015-7: Proposed Relief for Charter School . . . 16 pages "Section III of this notice describes the guidance under consideration, which would provide that employees of a public charter school may participate in a State or local retirement system if certain conditions are satisfied Section IV of this notice discusses the potential for broader transition relief for governmental plans once final regulations under Section 414(d) are issued
Minimum Distribution Requirements - BenefitsLink Minimum Distribution Requirements (IRAs and Qualified Defined Contribution Plans) An Analysis by Raymond J Rogers President, Distribution Strategies, Inc
Understanding 403 (b) Contribution Limits - BenefitsLink However, the election of one of these special limits is irrevocable, and once made, prohibits the employee from electing one of the other special limits over the employee's lifetime Nonetheless, an employee may return to the general limits under sections 403 (b) (2) and 415 (c) at any time
Template-Word - . 5 margins - BenefitsLink In other words, the IRS has not addressed whether plans can be amended to remove the distribution triggers once they are added Plan sponsors should consider this ambiguity before moving forward with adding these rules The Notice makes clear that additional guidance should be forthcoming in the form of regulations
The Year Ahead: Planning for 2026 Once the reduced recommendation is officially adopted, non-grandfathered group health plans can reduce that coverage in the first plan year effective one year after the recommendation (i e , if adopted in December 2025, a calendar year non-grandfathered plan could adopt the reduced schedule for the 2027 plan year)