Ideas & Insights

Notice 2020-23 postpones the due date for Form 5500 (Annual Return/Report for Employer Plans) filings for some plans.

The SECURE Act makes changes affecting retirement benefits in qualified plans and in IRAs for both the employers and individuals.

IRS guidance establishes amendment deadline for 401(k) and other retirement plans to comply with new hardship distribution rules.

IRS issues guidance on voluntary employees’ beneficiary associations (VEBAs) and supplemental unemployment benefit trusts (SUBs).

The IRS issues proposed regulations to update the life expectancy tables to reflect current, longer life expectancy rates.

The IRS publishes applicable annual limitations and maximums for retirement plans, resulting in small increases for 2020.

The IRS issued final regulations on the 401(k) plan hardship distribution requirements as amended by tax reform (T.D. 9875).

Internal Revenue Service expands determination letter process to statutory hybrids and merged plans, effective Sept. 1, 2019.

Most retirement plan limitations see small increases from 2018 to 2019, including IRAs for the first time since 2013.

The IRS released its annual retirement plan limitations for 2018 with few increases, while others remain the same.

Firms and individuals providing investment advice to an employee plan or an IRA may be investment fiduciaries.