122 results found

Late last year, the IRS issued final regulations regarding the information that must be included in the explanation of the qualified joint and survivor annuity (QJSA) and the qualified pre-retirement survivor annuity (QPSA).

On Friday, October 22, 2004, the President signed the American Jobs Creation Act of 2004. This new legislation significantly affects the tax benefits and flexibility of nonqualified deferred compensation arrangements widely used by public and private companies to attract and reward key management personnel and directors by providing tax deferral and/or supplemental retirement benefits.

The Employee Retirement Income Security Act of 1974, as amended (ERISA) requires pension plan administrators to provide participants in an underfunded defined benefit retirement plan with notice of the funded status of the plan and the limits on the Pension Benefit Guaranty Corporation’s (PBGC’s) guaranty should the plan terminate while it is underfunded.

The Treasury Department issued today proposed regulations under Code section 403(b). That section generally makes provision for retirement savings through annuity contracts and mutual fund custodial accounts for employees of public schools and tax-exempt organizations, and through church retirement income accounts.

Also discussed in this article: IRS Issues Final 401(k) Regulations; USERRA Health Continuation Coverage Period Extended for Military Service.

The Department of Labor (the "DOL") finalized regulations (the "Final Regulations") under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), that establish a safe harbor for ERISA plan fiduciaries in connection with the automatic rollover of mandatory distributions from ERISA plans to an individual retirement account (an "IRA").

The Department of Labor issued on September 28, 2004 a final safe harbor rule for mandatory rollovers from retirement plans subject to Title I of ERISA.

Occupational pension plan deficits are becoming headline news. Deficits have been caused principally by poor investment performance, low interest rates and increased member longevity.

The subject of "conflicts of interest" is an area of particular interest among regulators but often times misunderstood by investment advisers.

In many ways, the release of Notice 2004-50 is like a belated half-year birthday party for health savings accounts (HSAs), which are now about seven months old.