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 404(a)(7) in accordance with the language in the proposed PPA technical correction legislation (H.R. 3361 [...]
Entries Tagged as 'Deduction Limits 404'
More Information About Treasury Decision on Combined Plan Deduction Limits
September 18th, 2007 · No Comments
Tags: Deduction Limits 404
Constitution Day and Combined Plan Deduction Limits
September 16th, 2007 · No Comments
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. 3361/S.1974). Q&A 9 of Notice 2007-28 will not be enforced and, in a defined [...]
Tags: Deduction Limits 404 · Defined Benefit
American Academy of Actuaries Comments on Notice 2007-28
March 29th, 2007 · No Comments
The American Academy of Actuaries released a four-page comment on Notice 2007-28 which they sent to the IRS. It contains a very simple example of how the interpretation of the combined deduction interpretation in Q&A9 will impact a plan. The example walks through what happens to the deduction limit for a sponsoring employer [...]
Tags: Deduction Limits 404
Deduction Limits – IRS Issues Guidance about 404
March 13th, 2007 · No Comments
The IRS issued Notice 2007-28 today, which provides guidance on the changes to Code section 404 made by the Pension Protection Act. Notice 2007-28 is only 4 pages long. The changes to Code section 404 made by PPA have two different effective dates – the first effective date is for years beginning after December 31, [...]
Tags: Deduction Limits 404
