Compensation & Benefits Library™ gives you accurate answers and practical guidance to help you design, analyze, compare, administer, and communicate compensation and benefits...
May 19 —With the Internal Revenue Service expected to propose or finalize many retirement-related projects, the agency will have a lot on its plate during the second half of the year, according to the Treasury Department's spring regulatory agenda.
Some of the key proposed rules that are slated for release later this year include those on the Cadillac tax and the application of tax code Section 409A on nonqualified deferred compensation plans, according to the agenda, released May 18.
Although the effective date for the excise tax for high-cost health plans was delayed until 2020, employers that may be impacted by this tax would be happy to get this guidance as early as they can.
The IRS also plans to issue final regulations on accrual rules for defined benefit plans, the determination of minimum required pension contributions and nondiscrimination relief for closed defined benefit plans, as well as finalize rules that modify the minimum present value requirements for defined benefit plan distributions.
Other expected final regulations include guidance on the notice to participants of consequences of failing to defer receipt of qualified retirement plan distributions that will include an expansion of the applicable election period and the period for notices.
The IRS also plans to issue final rules that would provide guidance on how to satisfy the reporting requirements related to deferred vested benefits under tax code Section 6057.
To contact the reporter on this story: Kristen Ricaurte Knebel in Washington at email@example.com
To contact the editor responsible for this story: Jo-el J. Meyer at firstname.lastname@example.org
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)