http://www.transamericacenter.org/Default.aspx?id=797 Find comprehensive summaries about legislative and administrative guidelines that are under consideration and might impact the retirement planning industry. Find comprehensive summaries about legislative and administrative guidelines that are under consideration and might impact the retirement planning industry. Find comprehensive summaries about legislative and administrative guidelines that are under consideration and might impact the retirement planning industry. en-us ℗ & © 2009 Transamerica Corporation. All rights reserved. Transamerica Center for Retirement Studies Melinda McCrady melinda.mccrady@transamerica.com http://www.transamericacenter.org/images/shim.gif http://www.transamericacenter.org/Default.aspx?id=797 03 Nov 2009 12:10:00 GMT no ℗ & © 2009 Transamerica Corporation. All rights reserved.Business/InvestingSubscribe with My Yahoo!Subscribe with NewsGatorSubscribe with My AOLSubscribe with BloglinesSubscribe with NetvibesSubscribe with GoogleSubscribe with PageflakesSubscribe with NewsAlloy In Notice 2009-75, the Internal Revenue Service (IRS) provides additional guidance regarding the federal income tax consequences of rolling over an eligible rollover distribution from a qualified plan described in Internal Revenue Code (IRC) section 401(a), an annuity plan described in IRC section 403(a), a plan described in IRC section 403(b), or an eligible governmental plan under IRC section 457(b) (collectively referred to as "eligible employer plan") to a Roth IRA. In Notice 2009-75, the Internal Revenue Service (IRS) provides additional guidance regarding the federal income tax consequences of rolling over an eligible rollover distribution from a qualified plan described in Internal Revenue Code (IRC) section 401(a), an annuity plan described in IRC section 403(a), a plan described in IRC section 403(b), or an eligible governmental plan under IRC section 457(b) (collectively referred to as "eligible employer plan") to a Roth IRA. http://transamericacenter.org/resources/TCRS%202009-10_ROs%20to%20Roth.pdf Fri, 23 Oct 2009 19:00:00 GMT http://transamericacenter.org/resources/TCRS%202009-10_ROs%20to%20Roth.pdf noLegal Summary PDFs for the Retirement Industry In Notice 2009-82, the Internal Revenue Service (IRS) provides guidance relating to the waiver of the 2009 required minimum distributions (2009 RMDs) under the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA). In Notice 2009-82, the Internal Revenue Service (IRS) provides guidance relating to the waiver of the 2009 required minimum distributions (2009 RMDs) under the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA). http://transamericacenter.org/resources/TCRS%202009-09_RMD09Guidance.pdf Thu, 22 Oct 2009 19:00:00 GMT http://transamericacenter.org/resources/TCRS%202009-09_RMD09Guidance.pdf noLegal Summary PDFs for the Retirement Industry Consistent with the Obama Administrations' call for more measures to help working Americans increase their retirement savings, the Internal Revenue Service and Treasury Department (IRS) issued companion Revenue Rulings 2009-31 and 2009-32 to facilitate the conversion of the dollar equivalent of unused leave and vacation into additional retirement plan contributions. Consistent with the Obama Administration's call for more measures to help working Americans increase their retirement savings, the Internal Revenue Service and Treasury Department (IRS) issued companion Revenue Rulings 2009-31 and 2009-32 to facilitate the conversion of the dollar equivalent of unused leave and vacation into additional retirement plan contributions. http://transamericacenter.org/resources/TCRS%202009-07_RR09-31and09-32.pdf Mon, 5 Oct 2009 19:00:00 GMT http://transamericacenter.org/resources/TCRS%202009-07_RR09-31and09-32.pdf noLegal Summary PDFs for the Retirement Industry The Internal Revenue Service and Treasury Department (IRS) issued guidance in the form of a revenue ruling and a notice in response to the Obama Administration's new retirement initiative aimed at making saving for retirement easier for working Americans through automatic enrollment and automatic deferral increases (automatic escalation) in 401(k) plans. The Internal Revenue Service and Treasury Department (IRS) issued guidance in the form of a revenue ruling and a notice in response to the Obama Administration's new retirement initiative aimed at making saving for retirement easier for working Americans through automatic enrollment and automatic deferral increases (automatic escalation) in 401(k) plans. http://transamericacenter.org/resources/TCRS%202009-06_RR2009-30andNot2009-65.pdf Thu, 24 Sep 2009 19:00:00 GMT http://transamericacenter.org/resources/TCRS%202009-06_RR2009-30andNot2009-65.pdf noLegal Summary PDFs for the Retirement Industry The Employee Benefits Security Administration—Department of Labor (DOL) released a notice further extending the effective date and applicability date of the final regulations relating to the provision of investment advice under the Pension Protection Act of 2006 (PPA). The Employee Benefits Security Administration—Department of Labor (DOL) released a notice further extending the effective date and applicability date of the final regulations relating to the provision of investment advice under the Pension Protection Act of 2006 (PPA). http://www.transamericacenter.org/resources/TCRS%202009-05_Delay%20of%20Eff%20Date%20of%20Final%20Regs%20Reg%20Inv%20Adv.pdf Thu, 28 May 2009 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS%202009-05_Delay%20of%20Eff%20Date%20of%20Final%20Regs%20Reg%20Inv%20Adv.pdf noLegal Summary PDFs for the Retirement Industry TThe Internal Revenue Service published proposed regulations that would provide relief to employers who sponsor a safe harbor plan providing for nonelective contributions and who incur a substantial business hardship, if certain conditions are satisfied. The Internal Revenue Service published proposed regulations that would provide relief to employers who sponsor a safe harbor plan providing for nonelective contributions and who incur a substantial business hardship, if certain conditions are satisfied. http://www.transamericacenter.org/resources/TCRS%202009-04%20Prop%20Regs%20Rel%20to%20Susp%20Reduction%20of%20SH%20Nonelect%20Conts%20Final.pdf Thu, 28 May 2009 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS%202009-04%20Prop%20Regs%20Rel%20to%20Susp%20Reduction%20of%20SH%20Nonelect%20Conts%20Final.pdf noLegal Summary PDFs for the Retirement Industry Final Regulations on Automatic Contribution Arrangements — The IRS recently published final regulations regarding automatic contribution arrangements, which are arrangements that provide for a cash or deferred election and which specifies that a covered employee who fails to affirmatively elect to defer (or not defer by making a 0% deferral election) is deemed to have made a default election to contribute the automatic deferral percentage set by the plan. Final Regulations on Automatic Contribution Arrangements — The IRS recently published final regulations regarding automatic contribution arrangements, which are arrangements that provide for a cash or deferred election and which specifies that a covered employee who fails to affirmatively elect to defer (or not defer by making a 0% deferral election) is deemed to have made a default election to contribute the automatic deferral percentage set by the plan. http://www.transamericacenter.org/resources/3-17-09_TCRS_2009-03_Final%20Regs_on_ACAs_rev.pdf Fri, 13 Mar 2009 19:00:00 GMT http://www.transamericacenter.org/resources/3-17-09_TCRS_2009-03_Final%20Regs_on_ACAs_rev.pdf noLegal Summary PDFs for the Retirement Industry The Employee Benefits Security Administration — Department of Labor (DOL) issued a notice proposing to extend the effective date of the final regulations relating to the provision of investment advice to participants and beneficiaries of individual account plans, such as 401(k) plans. The Employee Benefits Security Administration — Department of Labor (DOL) issued a notice proposing to extend the effective date of the final regulations relating to the provision of investment advice to participants and beneficiaries of individual account plans, such as 401(k) plans. http://www.transamericacenter.org/resources/TCRS%202009-02_2009%20Prop%20Ext%20of%20Eff%20Date%20of%20Final%20Re.pdf Thu, 5 Feb 2009 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS%202009-02_2009%20Prop%20Ext%20of%20Eff%20Date%20of%20Final%20Re.pdf noLegal Summary PDFs for the Retirement Industry In Notice 2009-9, the Internal Revenue Service (IRS) provides guidance to financial institutions on the reporting requirements for required minimum distributions for 2009 after the enactment of the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA). In Notice 2009-9, the Internal Revenue Service (IRS) provides guidance to financial institutions on the reporting requirements for required minimum distributions for 2009 after the enactment of the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA). http://www.transamericacenter.org/resources/TCRS%202009-01_Notice%202009-9%20RMD.pdf Wed, 14 Jan 2009 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS%202009-01_Notice%202009-9%20RMD.pdf noLegal Summary PDFs for the Retirement Industry The President signed into law the Worker, Retiree, and Employer Recovery Act of 2008 (Act), which includes Technical Corrections related to the Pension Protection Act of 2006 (PPA) and pension recovery provisions designed to provide relief for individuals and plan sponsors to help them deal with the economic downturn. The President signed into law the Worker, Retiree, and Employer Recovery Act of 2008 (Act), which includes Technical Corrections related to the Pension Protection Act of 2006 (PPA) and pension recovery provisions designed to provide relief for individuals and plan sponsors to help them deal with the economic downturn. http://www.transamericacenter.org/resources/TCRS%202008-12_WRERA.pdf Tue, 23 Dec 2008 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS%202008-12_WRERA.pdf noLegal Summary PDFs for the Retirement Industry In Notice 2009-3, the Internal Revenue Service (IRS) provides relief to section 403(b) plan sponsors with respect to the requirement to have a written plan in place by January 1, 2009, provided certain conditions are met. The new deadline is December 31, 2009. In Notice 2009-3, the Internal Revenue Service (IRS) provides relief to section 403(b) plan sponsors with respect to the requirement to have a written plan in place by January 1, 2009, provided certain conditions are met. The new deadline is December 31, 2009. http://www.transamericacenter.org/resources/TCRS%202008-11_Not%202009-3%20403(b)Writ%20Plan%20Req.pdf Wed, 17 Dec 2008 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS%202008-11_Not%202009-3%20403(b)Writ%20Plan%20Req.pdf noLegal Summary PDFs for the Retirement Industry The IRS has issued proposed regulations on the consequences of failing to defer receipt of qualified retirement plan distributions and expansion of notice period for certain notices. The IRS has issued proposed regulations on the consequences of failing to defer receipt of qualified retirement plan distributions and expansion of notice period for certain notices. http://www.transamericacenter.org/resources/TCRS2008-10_Prop%20Reg-Notice%20of%20Consequences%20of%20Failing%20to%20Defer.pdf Mon, 3 Nov 2008 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS2008-10_Prop%20Reg-Notice%20of%20Consequences%20of%20Failing%20to%20Defer.pdf noLegal Summary PDFs for the Retirement Industry Pension Plan Limitations for 2005 - 2009. Pension Plan Limitations for 2005 – 2009. http://www.transamericacenter.org/resources/TCRS2008-09_2009_COLAs.pdf Fri, 17 Oct 2008 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS2008-09_2009_COLAs.pdf noLegal Summary PDFs for the Retirement Industry The Department of Labor (DOL) has proposed regulations that are intended to implement the Pension Protection Act's (PPA) statutory prohibited transaction exemption relating to the provision of investment advice. The DOL also proposed a class exemption from the prohibited transaction rules for investment advice in situations not covered by the PPA's statutory exemption. This summary includes highlights of both pieces. The Department of Labor (DOL) has proposed regulations that are intended to implement the Pension Protection Act's (PPA) statutory prohibited transaction exemption relating to the provision of investment advice. The DOL also proposed a class exemption from the prohibited transaction rules for investment advice in situations not covered by the PPA's statutory exemption. This summary includes highlights of both pieces. http://www.transamericacenter.org/resources/TCRS2008-08_DOL%20Prop%20Reg.pdf Tue, 23 Sep 2008 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS2008-08_DOL%20Prop%20Reg.pdf noLegal Summary PDFs for the Retirement Industry The Department of Labor (DOL) has proposed regulations that, upon adoption, would require plan fiduciaries to disclose certain plan and investment-related information, including fee and expense information, to participants and beneficiaries under participant-directed individual account plans subject to ERISA. The Department of Labor (DOL) has proposed regulations that, upon adoption, would require plan fiduciaries to disclose certain plan and investment-related information, including fee and expense information, to participants and beneficiaries under participant-directed individual account plans subject to ERISA. http://www.transamericacenter.org/resources/TCRS2008-07_DOL%20Part_Fee_Disc_PropRegs.pdf Thu, 4 Sep 2008 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS2008-07_DOL%20Part_Fee_Disc_PropRegs.pdf noLegal Summary PDFs for the Retirement Industry The Internal Revenue Service (IRS) recently issued proposed amendments to the regulations under sections 401(a)(9) and 403(b) of the Internal Revenue Code (Code) to permit a governmental plan within the meaning of Code section 414(d)1 to comply with the required minimum distribution rules using a reasonable good faith interpretation of Code section 401(a)(9) and related regulations. The Internal Revenue Service (IRS) recently issued proposed amendments to the regulations under sections 401(a)(9) and 403(b) of the Internal Revenue Code (Code) to permit a governmental plan within the meaning of Code section 414(d)1 to comply with the required minimum distribution rules using a reasonable good faith interpretation of Code section 401(a)(9) and related regulations. http://www.transamericacenter.org/resources/TCRS2008-06_Good%20Faith%20Interp%20of%20RMD%20Rules.pdf Tue, 29 Jul 2008 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS2008-06_Good%20Faith%20Interp%20of%20RMD%20Rules.pdf noLegal Summary PDFs for the Retirement Industry On April 30, 2008, the Department of Labor (DOL) published technical corrections to the final QDIA regulations. A day earlier, on April 29, 2008, the DOL issued additional QDIA guidance in the form of Field Assistance Bulletin 2008-03. This summary includes highlights of both pieces of guidance. On April 30, 2008, the Department of Labor (DOL) published technical corrections to the final QDIA regulations. A day earlier, on April 29, 2008, the DOL issued additional QDIA guidance in the form of Field Assistance Bulletin 2008-03. This summary includes highlights of both pieces of guidance. http://www.transamericacenter.org/Resources/TCRS2008-05_QDIA%20TechCorrections-FAB2008-03.pdf Tue, 13 May 2008 19:00:00 GMT http://www.transamericacenter.org/Resources/TCRS2008-05_QDIA%20TechCorrections-FAB2008-03.pdf noLegal Summary PDFs for the Retirement Industry The Internal Revenue Service publishes Notice 2008-30, providing guidance on certain distribution-related provisions of PPA that are effective in 2008. The Internal Revenue Service publishes Notice 2008-30, providing guidance on certain distribution-related provisions of PPA that are effective in 2008. http://www.transamericacenter.org/resources/TCRS2008-04_Notice2008-30.pdf Thu, 10 Apr 2008 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS2008-04_Notice2008-30.pdf noLegal Summary PDFs for the Retirement Industry The Internal Revenue Service (IRS) has issued Announcement 2008-23 relating to the issuance of Opinion and Advisory Letters and the opening of the EGTRRA determination letter program for IRS pre-approved defined contribution plans. This Announcement affects document providers of pre-approved defined contribution plans and plan sponsors using one of these plans. The Internal Revenue Service (IRS) has issued Announcement 2008-23 relating to the issuance of Opinion and Advisory Letters and the opening of the EGTRRA determination letter program for IRS pre-approved defined contribution plans. This Announcement affects document providers of pre-approved defined contribution plans and plan sponsors using one of these plans. http://www.transamericacenter.org/resources/TCRS2008-03_Ann2008-23.pdf Tue, 25 Mar 2008 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS2008-03_Ann2008-23.pdf noLegal Summary PDFs for the Retirement Industry On February 29, 2008, the Department of Labor (DOL) published a proposed amendment to its plan asset regulation section 2510.3-102(f)(3) relating to the definition of "plan assets." On February 29, 2008, the Department of Labor (DOL) published a proposed amendment to its plan asset regulation section 2510.3-102(f)(3) relating to the definition of "plan assets." http://www.transamericacenter.org/resources/TCRS2008-01_DOL%20Prop%20Amend%20Plan%20Asset%20Reg.pdf Fri, 7 Mar 2008 19:00:00 GMT http://www.transamericacenter.org/resources/TCRS2008-01_DOL%20Prop%20Amend%20Plan%20Asset%20Reg.pdf noLegal Summary PDFs for the Retirement Industry Transamerica Center for Retirement StudiesnonadultFind comprehensive summaries about legislative and administrative guidelines that are under consideration and might impact the retirement planning industry.