Transamerica Center for Retirement Studies

10,000 Baby Boomers Turn 65 Every Day Infographic (PDF)

Mon, 11 Feb 2013 10:30:00 GMT

But are they ready to retire?

Low- to Moderate-Income Taxpayers May Be Missing Out on Retirement Savings Contributions Credit (Saver's Credit) (PDF)

Thu, 24 Jan 2013 10:30:00 GMT

Transamerica Center for Retirement Studies® Offers Tips on How to Claim the Tax Credit

In-Plan Roth Conversions and the American Taxpayer Relief Act of 2012 (PDF)

Fri, 04 Jan 2013 10:30:00 GMT

On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 ("Act"). Section 902 of the Act expanded the availability of in-plan Roth conversions, effective for conversions made after December 31, 2012.

Hurricane Sandy Relief from the Department of Labor (PDF)

Wed, 28 Nov 2012 10:30:00 GMT

On November 20, 2012, the Department of Labor ("DOL") issued compliance guidance for retirement plans covered by ERISA, such as 401(k) plans. The guidance addresses several topics, including (i) the verification procedures for participant hardship withdrawals and loans that were the subject of recent Internal Revenue Service ("IRS") Hurricane Sandy Relief, (ii) timely deposits of participant contributions and loan repayments, and (iii) Sarbanes-Oxley Act blackout notice requirements.

Hurricane Sandy Relief – Using Retirement Plan Assets to Alleviate Hurricane Hardships, and Relief from Certain Plan Verification Procedures for Loans and Hardship Distributions. (PDF)

Tue, 20 Nov 2012 10:30:00 GMT

On November 16, 2012, the Internal Revenue Service ("IRS") issued Announcement 2012-44, providing certain relief for taxpayers adversely affected by Hurricane Sandy who (i) have retirement plan assets they (the affected taxpayers) would like to use to alleviate hardships caused by the hurricane, and (ii) are otherwise subject to certain retirement plan verification procedures (e.g. spousal consent) for loans and hardship distributions.

Selected Pension Plan Limitations for 2013 (PDF)

Thu, 18 Oct 2012 10:30:00 GMT

The Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2013. In general, many pension plan limitations will have COLA adjustments, while others will remain unchanged.

The Cracked Nest Egg: The Retirement Outlook of Unemployed American Workers (PDF)

Wed, 18 Jul 2012 10:30:00 GMT

Transamerica Study Reveals a Severe Long‐Term Impact Unless Action is Taken

Transamerica Study Shows American Workers Shifting Expectations of Retirement, Reveals Need to Redefine 'Retirement Readiness' (PDF)

Wed, 16 May 2012 10:30:00 GMT

American Workers Plan to Keep Working Past Age 65

Final Regulations for ERISA §408(b)(2) Service Provider Fee Disclosures Issued (PDF)

Fri, 10 Feb 2012 10:30:00 GMT

Final Regulations for ERISA §408(b)(2) Service Provider Fee Disclosures Issued.

Few Low-to-Middle Income Taxpayers Aware They Qualify for Retirement Savings Tax Credit (PDF)

Thu, 19 Jan 2012 10:30:00 GMT

Transamerica Center for Retirement Studies© finds many American workers may be missing out on a valuable tax credit

Transamerica Study Reveals Women Don't Talk Enough About Retirement (PDF)

Tue, 10 Jan 2012 10:30:00 GMT

Transamerica Center for Retirement Studies© Explores Actionable Approaches for Women to Better Engage and Successfully Prepare for Retirement

Department of Labor Releases Revised Interim Policy on use of Electronic Media for Certain Disclosures in Participant-Directed Individual Account Plans (PDF)

Mon, 19 Dec 2011 10:30:00 GMT

On September 13, 2011, the Department of Labor ("DOL") issued Technical Release 2011-03, providing interim guidance on electronic delivery of participant fee disclosures under DOL Regulation §2550.404a-5. On December 8, 2011, the DOL issued Technical Release 2011-03R, further clarifying (i) the electronic delivery methods that may be used for the disclosures, and (ii) what disclosures may furnished as part of a pension benefit statement.

Department of Labor Issues Final Regulations on PPA's Statutory Investment Advice to Participants and Beneficiaries (PDF)

Wed, 14 Dec 2011 10:30:00 GMT

On October 25, 2011, the Department of Labor (DOL) published final regulations to implement the statutory prohibited transaction exemption added by section 601 of the Pension Protection Act of 2006 (PPA), regarding the provision of investment advice by a fiduciary adviser to participants and beneficiaries of participant-directed individual account plans and beneficiaries in Individual Retirement Accounts (IRAs). Under the regulations, a fiduciary adviser is relieved from the prohibited transaction rules of ERISA §406 and the parallel provisions of section 4975 of the Internal Revenue Code (Code) for investment-related transactions described in ERISA §408(b)(14) (listed below), provided the investment advice is given under an "Eligible Investment Advice Arrangement" ("EIAA") described in ERISA §408(g) (and which is also described further below).

Amid Gloomy Economic Outlook, Transamerica Study Finds Source of Inspiration: Future Early Retirees (PDF)

Mon, 24 Oct 2011 10:30:00 GMT

Transamerica Center for Retirement Studies Explores the Characteristics of Workers Who Plan to Retire Before Age 65

Selected Pension Plan Limitations for 2012 (PDF)

Thu, 20 Oct 2011 10:30:00 GMT

The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2012. Limits for 401(k) and other types of plans are shown in this chart.

A "Perfect" 401(k) Plan (PDF)

Thu, 15 Sep 2011 10:30:00 GMT

A "Perfect" 401(k) Plan, a white paper, identifies the primary characteristics of an "optimal" 401(k) plan and features survey results from the 12th Annual Transamerica Retirement Survey that highlight how both employers and workers currently perceive their plans — and identifies where they may not see eye to eye. What's more, there are several recommendations that plan sponsors, financial advisors and retirement plan providers can put into action now to help improve their 401(k) retirement plans and the overall satisfaction of employees saving in the plans as they travel the path toward retirement readiness.

Legislative Ledger: DOL extends (again) the Effective Date for Compliance with ERISA section 408(b)(2) Service Provider Fee Disclosure and extends the Effective Date for Compliance with ERISA section 404(a) Participant Fee Disclosure (PDF)

Fri, 09 Sep 2011 10:30:00 GMT

On July 19, 2011, the Department of Labor ("DOL") published amendments to the interim final regulations issued under Section 408(b)(2) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA") (see TCRS 2010-05) as well as the regulations issued under Section 404(a) of ERISA (see TCRS 2010-07) , which amendments extended the compliance dates for each regulation.

Relying on Social Security in Retirement (JPG)

Mon, 15 Aug 2011 10:30:00 GMT

TCRS published the attached infographic to help increase public awareness and educate American workers about the need to learn more about their Social Security benefits. The infographic is designed for a wide general audience and for use in newspapers, newsletters, websites and other forms of media.

Transamerica Study Finds Rising Employer Confidence is Translating into a Renewed Commitment to Retirement Benefits (PDF)

Wed, 13 Jul 2011 10:30:00 GMT

Smaller Employers Continue to Struggle to Provide Benefits and Educational Tools in Comparison to Larger Counterparts

Report: Out of Work in America - Unemployed/Underemployed Survey (PDF)

Thu, 23 Jun 2011 22:30:00 GMT

The 12th Annual Transamerica Retirement Survey illuminates how unemployment and underemployment can impact the retirement outlook of displaced American workers. The study of 668 displaced workers who are either unemployed or underemployed found that the majority (67 percent) of these displaced workers are less confident in their ability to achieve a financially secure retirement since the recession began. However, the survey report also identifies steps that can be taken to improve their long-term prospects.

Press Release: Out of Work in America - Unemployed/Underemployed Survey (PDF)

Thu, 23 Jun 2011 22:30:00 GMT

The New Retirement: Working (PDF)

Tue, 07 Jun 2011 10:00:00 GMT

12th Annual Transamerica Retirement Survey

Transamerica Study Reveals the New Retirement: Working

Tue, 17 May 2011 10:00:00 GMT

Transamerica Center for Retirement Studies finds significant number of Americans plan to never retire, yet are unprepared if the choice is made for them.

DOL Extends Effective Date for Compliance with ERISA section 408(b)(2) Service Provider Fee Disclosure

Fri, 18 Feb 2011 19:00:00 GMT

On February 11, 2011, the Department of Labor ("DOL") announced that it extended the compliance date for new disclosure rules under ERISA section 408(b)(2) from July 16, 2011 to January 1, 2012. Under the new disclosure rules, service providers must disclose certain information to plan fiduciaries about an existing, or future, service arrangement.

Few Workers Aware of Federal Income Tax Retirement "Saver's Credit"

Wed, 12 Jan 2011 19:00:00 GMT

Transamerica Center for Retirement Studies Offers Guidance on How to Find and Claim Credit

Retirement Planning Ideas, Helpful Tips from Experts

Wed, 12 Jan 2011 19:00:00 GMT

Uncle Sam Wants You To Save For Retirement

Improving the Retirement Picture for American Women (Audio/MP3)

Wed, 12 Jan 2011 19:00:00 GMT

TCRS produced the attached audio news release that highlights how women can improve their retirement outlook.

How Women Can Become Golden Girls: Tips To Prepare For Retirement

Wed, 12 Jan 2011 19:00:00 GMT

TCRS published the attached article to help women plan and save for retirement. The attached article is designed for a wide general audience and for use in newspapers, newsletters, Website, and other forms of print media.

Educational Matters: The Impact of Educational Attainment on Worker Retirement Outlook

Wed, 15 Dec 2010 19:00:00 GMT

The 11th Annual Transamerica Retirement Survey found that the levels of educational attainment among American workers are strongly correlated to their retirement confidence, as well as their ability to save and plan for retirement. The study also makes recommendations for outreach initiatives and public policy, including promoting available tax incentives, improving financial and retirement literacy, and expanding retirement plan coverage, to help improve retirement security among all workers.

DOL Proposed Regulations On Target Date Funds

Wed, 15 Dec 2010 19:00:00 GMT

On November 30, 2010, the Department of Labor (DOL) published proposed regulations imposing additional disclosure requirements relating to Target Date Funds and similar investments (TDFs).

IRS Notice 2010-84, In-Plan Roth Conversion Guidance

Fri, 03 Dec 2010 19:00:00 GMT

In Notice 2010-84, the Internal Revenue Service provides guidance relating to in-plan conversions of non-Roth amounts from a 401(k) or 403(b) plan to a designated Roth account under the same plan. The in-plan Roth conversion provision was included in the Small Business Jobs Act of 2010, enacted on September 27, 2010.

DOL Proposes to Amend Definition of Fiduciary Under ERISA

Mon, 08 Nov 2010 19:00:00 GMT

On October 22, 2010, the Department of Labor (DOL) published proposed regulations that, upon adoption, would amend the definition of "fiduciary" under section 3(21)(A)(ii) of the Employee Retirement Income Security Act of 1974 (ERISA). The proposed regulations would modify and expand on the circumstances under which a person would be considered a fiduciary under ERISA and the Internal Revenue Code, as a result of providing investment advice to employee benefit plans, plan fiduciaries, participants and beneficiaries, and IRAs.

Selected Pension Plan Limitations for 2011

Thu, 28 Oct 2010 19:00:00 GMT

The Internal Revenue Service has announced the 2011 pension plan limitations. View a table containing the updated limits.

Department Of Labor Final Regulations Relating To Participant Fee Disclosure

Mon, 25 Oct 2010 19:00:00 GMT

The Department of Labor (DOL) published final regulations requiring participantlevel fee disclosure in participant-directed individual account plans subject to the Employee Retirement Income Security Act of 1974 (ERISA). The final regulations were issued under ERISA section 404(a) with conforming amendments to ERISA section 404(c).

ERISA 408(b)(2) Service Provider Fee Disclosure

Mon, 09 Aug 2010 19:00:00 GMT

The Department of Labor published interim final regulations on service provider fee disclosure on July 16, 2010. These regulations amend existing rules under section 408(b)(2) of the Employee Retirement Income Security Act of 1974 (ERISA) and parallel provisions of section 4975(d)(2) of the Internal Revenue Code and regulations thereunder.

Bridging the Gap Between Employers' and Workers' Understanding of 401(k) Fees

Wed, 07 Jul 2010 19:00:00 GMT

Report compiled from the 11th Annual Retirement Survey, a poll of American workers and their employers designed to explore the attitudes and the behaviors regarding retirement security and benefits.

Employer Data Results

Thu, 01 Jul 2010 19:00:00 GMT

Transamerica Center for Retirement Studies 11th Annual Survey - Employer Data Results

IRS Notice 2010-48 Provides Disaster Relief to Sponsors of Pre-Approved Defined Contribution Plans

Wed, 23 Jun 2010 19:00:00 GMT

The IRS provides administrative relief for plan sponsors of IRS preapproved defined contribution plans (master & prototype and volume submitter) that were affected by the storms and severe weather in those counties in Alabama, Connecticut, Massachusetts, Mississippi, New Jersey, Rhode Island, Tennessee and West Virginia declared Presidential Disaster Areas during the period March 1, 2010, through May 31, 2010.

The Employers® Perspective on Retirement Benefits and Planning

Wed, 23 Jun 2010 19:00:00 GMT

11th Annual Transamerica Retirement Survey

Transamerica Study Finds American Employers Remain Reluctant to Enhance Retirement Benefits Despite Rising Confidence in Economy

Wed, 23 Jun 2010 19:00:00 GMT

As the country continues to recover from the recent recession, new research has found that almost half of U.S. employers are optimistic about the U.S. economy and their own company®s financial situation. However, the 11th Annual Transamerica Retirement Survey — conducted among a nationally representative sample of 601 U.S. employers — found that despite this optimism, most companies continue to be reluctant to make significant changes to their retirement plans such as adding or enhancing key plan features.

Transamerica Center for Retirement Studies® 11th Annual Survey — Company Size

Mon, 26 Apr 2010 19:00:00 GMT

Company Size Segmentation Data Sheet

Transamerica Center for Retirement Studies® 11th Annual Survey — Income (For-Profit, Full & Part-time Employees)

Tue, 06 Apr 2010 19:00:00 GMT

Income Segmentation Data Sheet

Transamerica Center for Retirement Studies® 11th Annual Survey — Generation (For-profit, Full & Part-time Employees)

Tue, 06 Apr 2010 19:00:00 GMT

Generation Segmentation Data Sheet

Transamerica Center for Retirement Studies® 11th Annual Survey — Gender (For-profit, Full & Part-time Employees)

Tue, 06 Apr 2010 19:00:00 GMT

Gender Segmentation Data Sheet

Transamerica Center for Retirement Studies® 11th Annual Survey — Employee-Funded Plan (For-profit, Full & Part-time Employees)

Tue, 06 Apr 2010 19:00:00 GMT

Employee-Funded Plan Segmentation Data Sheet

Transamerica Center for Retirement Studies® 11th Annual Survey — Education (For-profit, Full & Part-time Employees)

Tue, 06 Apr 2010 19:00:00 GMT

Education Segmentation Data Sheet

A Tale of Two Retirements

Tue, 06 Apr 2010 19:00:00 GMT

The Importance of 401(k) or Similar Employee-Funded Retirement Plans in the Workplace

Press Release: 11th Annual Retirement Survey

Tue, 06 Apr 2010 19:00:00 GMT

11th Annual Transamerica Study Sheds New Light on the Importance of Employee-funded Retirement Plans and the Implications of Employers Not Offering Them.

Department Of Labor Reproposes Regulations On PPA's Statutory Investment Advice

Thu, 11 Mar 2010 19:00:00 GMT

The Department of Labor (DOL) published new proposed regulations intended to implement the statutory exemption added by the Pension Protection Act of 2006 (PPA) relating to the provision of investment advice rendered by a fiduciary adviser to participants and beneficiaries in participant-directed individual account plans and beneficiaries in Individual Retirement Accounts (IRAs).

IRS Issues Guidance on Miscellaneous HEART Act Changes

Mon, 08 Feb 2010 19:00:00 GMT

The Internal Revenue Service (IRS) released Notice 2010-15 providing guidance in question and answer format relating to certain provisions of the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act).

IRS Issues Guidance on Miscellaneous HEART Act Changes (PDF)

Mon, 08 Feb 2010 19:00:00 GMT

On January 20, 2010, the Internal Revenue Service (IRS) released Notice 2010-15 providing guidance in question and answer format relating to certain provisions of the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act).

Department of Labor Final Rule on Definition of Plan Assets — Participant Contributions

Fri, 22 Jan 2010 19:00:00 GMT

The Department of Labor (DOL) published a final rule that establishes a safe harbor period by which amounts that a small employer has received from participants (including beneficiaries) or withheld from wages for contribution to certain pension plans and welfare benefit plans will become plan assets for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended (ERISA) and the related prohibited transaction provisions of the Internal Revenue Code of 1986, as amended.

IRS Issues Final Guidance On Section 204(h) Notice Requirements Post PPA

Wed, 09 Dec 2009 19:00:00 GMT

On November 24, 2009, the Internal Revenue Service (IRS) published final regulations providing guidance on the application of the section 204(h) notice requirements to a pension plan amendment that permits reduction of benefits accrued before the plan amendment date.

Temporary Closing of Determination Letter Program For Adopters of Pre-Approved Defined Benefits Plan

Fri, 27 Nov 2009 19:00:00 GMT

In Announcement 2009-85, the Internal Revenue Service (IRS) states that it will temporarily close the GUST determination letter program for pre-approved (master and prototype and volume submitter) defined benefit plans filed on Form 5307.

Department of Labor Officially Withdraws Final Regulations Relating to the Provision of Investment Advice

Fri, 20 Nov 2009 19:00:00 GMT

The Department of Labor (DOL) published a notice formally withdrawing their final regulations relating to investment advice. The final regulations originally published on January 21, 2009 implemented a statutory prohibited transaction exemption under the Pension Protection Act of 2006 (PPA) and an administrative class exemption.

USERRA Benefits Under Title IV of ERISA

Thu, 19 Nov 2009 19:00:00 GMT

On November 17, 2009, the Pension Benefit Guaranty Corporation (PBGC) published a final rule that amends the existing PBGC rule regarding benefits payable in terminated single employer pension plans covered by the PBGC as it relates to participants serving in the uniformed services at the time their pension plan terminates.

Further Delay of the Effective Date and Applicability Date of Final Regulations Relating to Investment Advice

Tue, 17 Nov 2009 19:00:00 GMT

Last May we informed you that the Employee Benefits Security Administration (EBSA) — Department of Labor (DOL) further extended the effective and applicability date of the final regulations regarding the provision of investment advice under the Pension Protection Act of 2006 from May 22, 2009 to November 18, 2009 (View a copy of TCRS 2009-05 relating to earlier extensions).

Rollovers from Eligible Employer Plans to Roth IRAs (PDF)

Fri, 23 Oct 2009 19:00:00 GMT

In Notice 2009-75, the Internal Revenue Service (IRS) provides additional guidance regarding the federal income tax consequences of rolling over an eligible rollover distribution from a qualified plan described in Internal Revenue Code (IRC) section 401(a), an annuity plan described in IRC section 403(a), a plan described in IRC section 403(b), or an eligible governmental plan under IRC section 457(b) (collectively referred to as "eligible employer plan") to a Roth IRA.

Internal Revenue Service Guidance on 2009 Required Minimum Distributions (PDF)

Thu, 22 Oct 2009 19:00:00 GMT

In Notice 2009-82, the Internal Revenue Service (IRS) provides guidance relating to the waiver of the 2009 required minimum distributions (2009 RMDs) under the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA).

Revenue Rulings 2009-31 and 2009-32 Dealing with the Contribution ofthe Dollar Equivalent of Unused Paid Time Off to a Profit Sharing Plan (PDF)

Mon, 5 Oct 2009 19:00:00 GMT

Consistent with the Obama Administration's call for more measures to help working Americans increase their retirement savings, the Internal Revenue Service and Treasury Department (IRS) issued companion Revenue Rulings 2009-31 and 2009-32 to facilitate the conversion of the dollar equivalent of unused leave and vacation into additional retirement plan contributions.

Revenue Ruling 2009-30 and Notice 2009-65 Relating to AutomaticContribution Arrangements (PDF)

Thu, 24 Sep 2009 19:00:00 GMT

The Internal Revenue Service and Treasury Department (IRS) issued guidance in the form of a revenue ruling and a notice in response to the Obama Administration's new retirement initiative aimed at making saving for retirement easier for working Americans through automatic enrollment and automatic deferral increases (automatic escalation) in 401(k) plans.

Further Delay of the Effective Date and Applicability Date of Final Regulations Relating to Investment Advice (PDF)

Thu, 28 May 2009 19:00:00 GMT

The Employee Benefits Security Administration—Department of Labor (DOL) released a notice further extending the effective date and applicability date of the final regulations relating to the provision of investment advice under the Pension Protection Act of 2006 (PPA).

Proposed Regulations Relating to Suspension or Reduction of Safe Harbor Nonelective Contributions (PDF)

Thu, 28 May 2009 19:00:00 GMT

The Internal Revenue Service published proposed regulations that would provide relief to employers who sponsor a safe harbor plan providing for nonelective contributions and who incur a substantial business hardship, if certain conditions are satisfied.

Final Regulations on Automatic Contribution Arrangements (PDF)

Fri, 13 Mar 2009 19:00:00 GMT

Final Regulations on Automatic Contribution Arrangements — The IRS recently published final regulations regarding automatic contribution arrangements, which are arrangements that provide for a cash or deferred election and which specifies that a covered employee who fails to affirmatively elect to defer (or not defer by making a 0% deferral election) is deemed to have made a default election to contribute the automatic deferral percentage set by the plan.

Department of Labor Proposed Extension of Effective Date of Final Regulations Relating to Investment Advice (PDF)

Thu, 5 Feb 2009 19:00:00 GMT

The Employee Benefits Security Administration — Department of Labor (DOL) issued a notice proposing to extend the effective date of the final regulations relating to the provision of investment advice to participants and beneficiaries of individual account plans, such as 401(k) plans.

Internal Revenue Service Issues Guidance on Reporting Required Minimum Distributions for 2009 (PDF)

Wed, 14 Jan 2009 19:00:00 GMT

In Notice 2009-9, the Internal Revenue Service (IRS) provides guidance to financial institutions on the reporting requirements for required minimum distributions for 2009 after the enactment of the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA).

The Worker, Retiree, and Employer Recovery Act of 2008 — Defined Contribution-Related Provisions (PDF)

Tue, 23 Dec 2008 19:00:00 GMT

The President signed into law the Worker, Retiree, and Employer Recovery Act of 2008 (Act), which includes Technical Corrections related to the Pension Protection Act of 2006 (PPA) and pension recovery provisions designed to provide relief for individuals and plan sponsors to help them deal with the economic downturn.

Relief from Immediate Compliance With 403(b) Written Plan Requirement (PDF)

Wed, 17 Dec 2008 19:00:00 GMT

In Notice 2009-3, the Internal Revenue Service (IRS) provides relief to section 403(b) plan sponsors with respect to the requirement to have a written plan in place by January 1, 2009, provided certain conditions are met. The new deadline is December 31, 2009.

Proposed Regulations on the Consequences of Failing to Defer Receipt of Qualified Retirement Plan Distributions and Expansion of Notice Period for Certain Notices (PDF)

Mon, 3 Nov 2008 19:00:00 GMT

The IRS has issued proposed regulations on the consequences of failing to defer receipt of qualified retirement plan distributions and expansion of notice period for certain notices.

Selected Pension Plan Limitations for 2005 – 2009 (PDF)

Fri, 17 Oct 2008 19:00:00 GMT

Pension Plan Limitations for 2005 – 2009.

Department of Labor Proposed Regulations on Investment Advice and Proposed Class Exemption from the ERISA Prohibited Transaction Rules (PDF)

Tue, 23 Sep 2008 19:00:00 GMT

The Department of Labor (DOL) has proposed regulations that are intended to implement the Pension Protection Act's (PPA) statutory prohibited transaction exemption relating to the provision of investment advice. The DOL also proposed a class exemption from the prohibited transaction rules for investment advice in situations not covered by the PPA's statutory exemption. This summary includes highlights of both pieces.

Department of Labor Proposed Regulations on Participant Fee Disclosure (PDF)

Thu, 4 Sep 2008 19:00:00 GMT

The Department of Labor (DOL) has proposed regulations that, upon adoption, would require plan fiduciaries to disclose certain plan and investment-related information, including fee and expense information, to participants and beneficiaries under participant-directed individual account plans subject to ERISA.

Reasonable Good Faith Interpretation of Required Minimum Distribution Rules by Governmental Plans (PDF)

Tue, 29 Jul 2008 19:00:00 GMT

The Internal Revenue Service (IRS) recently issued proposed amendments to the regulations under sections 401(a)(9) and 403(b) of the Internal Revenue Code (Code) to permit a governmental plan within the meaning of Code section 414(d)1 to comply with the required minimum distribution rules using a reasonable good faith interpretation of Code section 401(a)(9) and related regulations.

Department of Labor Makes Technical Corrections to Qualified Default Investment Alternative (QDIA) Final Regulations and Issues Additional QDIA Guidance in Field Assistance Bulletin 2008-03 (PDF)

Tue, 13 May 2008 19:00:00 GMT

On April 30, 2008, the Department of Labor (DOL) published technical corrections to the final QDIA regulations. A day earlier, on April 29, 2008, the DOL issued additional QDIA guidance in the form of Field Assistance Bulletin 2008-03. This summary includes highlights of both pieces of guidance.

Internal Revenue Service Notice 2008-30 — Guidance Relating to Certain Distribution-Related Provisions of the Pension Protection Act Of 2006 (PPA) (PDF)

Thu, 10 Apr 2008 19:00:00 GMT

The Internal Revenue Service publishes Notice 2008-30, providing guidance on certain distribution-related provisions of PPA that are effective in 2008.

Internal Revenue Service Announcement 2008-23 (PDF)

Tue, 25 Mar 2008 19:00:00 GMT

The Internal Revenue Service (IRS) has issued Announcement 2008-23 relating to the issuance of Opinion and Advisory Letters and the opening of the EGTRRA determination letter program for IRS pre-approved defined contribution plans. This Announcement affects document providers of pre-approved defined contribution plans and plan sponsors using one of these plans.

Department of Labor Proposed Amendment to Plan Asset Regulation (PDF)

Fri, 7 Mar 2008 19:00:00 GMT

On February 29, 2008, the Department of Labor (DOL) published a proposed amendment to its plan asset regulation section 2510.3-102(f)(3) relating to the definition of "plan assets."