Retirement Plan Deferral Limits Unchanged for 2014
The Internal Revenue Service (IRS) released the cost-of-living adjustments for 2014, which affect dollar limitations for pension plans and other retirement-related items.
Tag: Contribution Benefit Limits
Don’t Know Much About… Contribution Limits
Retirement plan participants need more education about contribution deferral limits, according to a recent survey.
ASPPA Seeks Clarity on Mid-Year Amendments
The American Society of Pension Professionals & Actuaries (ASPPA) has asked the Internal Revenue Service (IRS) for clarification on mid-year amendments to safe harbor 401(k) plans.
Budget Proposals for Savings—A Deterrent or Not?
Since the release of the proposed fiscal year 2014 budget by President Obama, opinions have differed on how retirement-related provisions will potentially affect retirement savings.
DC Plan Withdrawal Guarantees and QJSA Rules
A question for providers of guaranteed minimum withdrawal benefit (GMWB) products is whether (and how) the qualified joint and survivor annuity (QJSA) rules of the Internal Revenue Code...
Fiscal Cliff Deal Extends Roth Conversions
While the fiscal cliff deal left tax treatment of retirement savings unchanged, it includes a provision for retirement plans that could generate revenue right away.
Retirement Plan Deferral Limit Increases for 2013
The Internal Revenue Service (IRS) announced cost of living adjustments (COLAs) affecting dollar limitations for pension plans and other retirement-related items for tax year 2013.
IRS Updates Covered Compensation for Retirement Plan Contributions
The Internal Revenue Service has issued Revenue Ruling 2012-5 with the table of covered compensation for the 2012 plan year.
Industry Groups Urge no Changes to Retirement Savings Tax Advantages
Witnesses before the Senate Finance Committee offered arguments against changing tax advantages for workers’ retirement plan savings.
Court Tosses Suit over 401(k) Deferral Limits
A federal judge in New Jersey said that a 401(k) participant has no legal right to sue his employer over the company’s deferral limit of 15%.
IMHO: Cost of Living 'Adjustment'
A couple of weeks back, the Social Security Administration announced that, for the second year in a row—but only for the second time since 1975—there...
SPD Language Not a Valid Plan Terms Change
A federal appellate court has ruled that a summary plan description (SPD) could not unilaterally grant a benefit plan administrator the right to make benefit eligibility decisions without...
regulatory radar
Lemonade Stand
Deferred compensation plans are getting squeezed—along with every other aspect of executive compensation—but still can provide opportunities for advisers
2007 Compensation and Benefits Limits Published
Last week, the Internal Revenue Service (IRS) unveiled the maximum benefit and contribution limits on qualified retirement plans for 2007, and, for most of the limitations, the increase...