Pension Protection Act Blog

The IRS issued a correction to the Proposed Regulations on Hybrid Retirement Plans, commonly known as the proposed cash balance plan regulations, which the Service issued on December 27, 2007. Besides correcting a few grammatical errors, the IRS has made a significant change in Proposed Treas. Reg. section 1.411(a)(13)-1. (hat tip to BenefitsLink.com)
The […]

[Read more →]

Each year, the IRS issues the Guidance Priority List, containing the list of tax issues that the Service intends to address by issuing regulations, revenue rulings, revenue procedures, notices and other published administrative guidance. In Notice 2008-47, the IRS is inviting the tax community to submit recommendations by May 31, 2008, for guidance to […]

[Read more →]

In the pension geek handbook, Chapter Three is devoted to Urban Plan Legends. You know those stories - someone worked at a firm with an ERISA attorney who went to law school with another ERISA attorney who knows a guy who….. One of my favorite Urban Plan Legends is the one about the […]

[Read more →]

The effective dates for the Code section 430 regulations are an interesting mix.
Congress made new Code section 430 effective to plan years beginning after December 31, 2007. With the Pension Protection Act being enacted into law on August 17, 2006, implementing regulations to encompass the changes made by Code section 430 by December 31, […]

[Read more →]

When Congress created new Code section 430 in Section 112 the Pension Protection Act in 2006, the impact of this new Code section was not immediately clear. The IRS has now provided a clear statement on their belief of the impact of new Code section 430 with the latest installment of proposed regulations for […]

[Read more →]

The new Form 5307 is available at IRS.gov, and it is better. Since the old Form 5307 can be used until September, 2008, and filing season for the EGTRRA defined contribution prototypes and volume submitter plans begins May 1, 2008, we had a competition around the office today to see which Form 5307 is […]

[Read more →]

In Notice 2008-42, the IRS has provided guidance on new Code section 101(j), which was added by section 863(a) of the Pension Protection Act, and on Code section 264(f), which was added by the Taxpayer Relief Act of 1997. Notice 2008-42 provides that a modification of a split-dollar life insurance arrangement that does not […]

[Read more →]

March 31st came and went with no EGTRRA defined contribution opinion/advisory letters. I was hoping for a nice chart like the IRS did for the GUST opinion/advisory letters. My favorite actuary has a theory about Announcement 2008-23 and April Fool’s Day….
Technorati Tags: Pension Protection Act, PPA, EGTRRA, Announcement 2008-23, […]

[Read more →]

To earn the designation of Enrolled Retirement Plan Agent (ERPA) from the IRS, candidates must first pass an exam designed to demonstrate their competence. One of the first steps for the IRS in awarding the ERPA designation is for the Service to select the company who will actually administer the exam.
In the latest edition […]

[Read more →]

A little over a year ago, I started this blog to keep track of my notes about the Pension Protection Act. One of my first posts was about rollovers to nonspouse beneficiaries. One year and 126,210 visitors later, rollovers to nonspouse beneficiaries remain a hot topic.
Last week, the House of Representatives finally passed […]

[Read more →]