Monthly Archives: September 2007

Blogging About ERISA – Carnival #16

Posted on September 29, 2007 by Administrator

This week in the Employee Benefits world: Michael Hoes of the ERISA Class Action Watch discusses Miscellaneous 401(k) Fee Updates. Broc Romanek of the TheCorporateCounsel.net Blog posts about Clawbacks and Careful Drafting, discussing a recent court decision about a corporation … Continue reading →

Posted in Carnival of Employee Benefits | Leave a comment

It Really Can be a Crime to File an Incorrect Form 5500

Posted on September 27, 2007 by Administrator

Friend of mine had a good question today from an accountant, who wanted to know if there is any penalty for filing Form 5500 with just a little bit of incorrect information. Congress answered this question with 28 U.S.C. 1027, … Continue reading →

Posted in Form 5500 | Leave a comment

Circular 230 Update Includes Enrolled Retirement Plan Agent Designation

Posted on September 26, 2007 by Administrator

The Treasury Dept. released Final Regulations Governing Practice Before the Internal Revenue Service today. These final regs update Circular 230 in a number of important ways, including establishing an enrolled retirement plan agent designation effective Sept. 26, 2007. Enrolled retirement … Continue reading →

Posted in Industry News, IRS | 2 Comments

IRS Confirms March 31, 2008 as Target Date for Start of EGTRRA Restatements

Posted on September 25, 2007 by Administrator

The IRS published the Fall 2007 Edition of Employee Plan News today. Within this edition, the IRS confirms that the target date for issuing the EGTRRA opinion/advisory letters to pre-approved prototype and volume submitter plans is March 31, 2008. This … Continue reading →

Posted in 403(b), Determination Letters, IRS | Leave a comment

Blogging About ERISA – Carnival #15

Posted on September 22, 2007 by Administrator

This week in the Employee Benefits world: Colin Servis of the Innovest Blog republishes as article by Brad Brewer about Fiduciary Responsibilities and Opportunities, originally published in the August 2007 issue of the CPA Journal. Jerry Kalish of The Retirement … Continue reading →

Posted in Carnival of Employee Benefits | Leave a comment

EGTRRA Opinion/Advisory Letters Possible by March 31st

Posted on September 20, 2007 by Administrator

Free ERISA. I didn’t know ERISA was in jail. – Andrew Zuckerman, responding to a question about why the IRS sent out letters from Odgen, Utah, requesting plan sponsors provide a copy of Form 5500 for 2004 as the IRS … Continue reading →

Posted in IRS | Leave a comment

IRS Announces Temporary Halt to Defined Contribution Determ Letter Applications

Posted on September 19, 2007 by Administrator

Today, the IRS issued Announcement 2007-90. It states that on December 18, 2007, the IRS will temporarily stop accepting applications for determination letters for defined contribution plans that are filed on Form 5307. The Service states that this temporary hiatus … Continue reading →

Posted in Determination Letters, IRS | Leave a comment

More Information About Treasury Decision on Combined Plan Deduction Limits

Posted on September 18, 2007 by Administrator

Earlier this week, I posted about an announcement by the American Society of Pension Professionals & Actuaries (ASPPA) that Treasury officials have informed Congress that they will enforce the new PPA combined plan deduction limits under Internal Revenue Code section … Continue reading →

Posted in Deduction Limits 404 | Leave a comment

Constitution Day and Combined Plan Deduction Limits

Posted on September 16, 2007 by Administrator

ASPPA announced on Friday that Treasury officials informed Congress yesterday that they will enforce the new PPA combined plan deduction limits under Internal Revenue Code section 404(a)(7) in accordance with the language in the proposed PPA technical correction legislation (H.R. … Continue reading →

Posted in Deduction Limits 404, Defined Benefit | Leave a comment

Blogging About ERISA – Carnival #14

Posted on September 15, 2007 by Administrator

This week in the Employee Benefits world: Mitchell H.Rubinstein of the Adjunct Law Prof Blog briefly summarizes the recent 8th Circuit opinion in Health Plan Entitled to Restitution under Plan’s Subrogation Clause. Stephen Rosenberg of the Boston ERISA & Insurance … Continue reading →

Posted in Carnival of Employee Benefits | Leave a comment