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ARTICLE · 23 AUGUST 2018

IRS Issues "Snapshot" Guidance On Qualified Retirement Plan Issues

McDermott Will & Emery
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The Internal Revenue Service (IRS) recently released "Issue Snapshots" on a number of topics related to tax-qualified retirement plans, including both pension and savings plans.

United StatesEmployment and HR
Jeffrey M. Holdvogt
Jeffrey M. Holdvogt
Sarah Engle
Sarah Engle
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The Internal Revenue Service (IRS) recently released "Issue Snapshots" on a number of topics related to tax-qualified retirement plans, including both pension and savings plans. Historically, the snapshots have explained new(er) laws and guidance, and have often included audit tips for IRS examiners. As a result, although the IRS has indicated that the snapshots are not official pronouncements of law or directives, the snapshots provide helpful insight into issues that the IRS thinks merit further discussion or clarification. Therefore, the snapshots can be instructive for plan sponsors and plan administrators.

The most recent "Issue Snapshots" cover topics ranging from the qualification requirements applicable to non-electing church plans and how interest crediting rates can be changed under cash balance pension plans, to the use of plan forfeitures and the calculation of the maximum loan limit for participants. More specifically, the topics include:

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