Memo #
27229

ICI Recommendations for 2013-2014 Treasury/IRS Guidance Priority List--Retirement Plan Items
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[27229]

May 9, 2013

TO: BANK, TRUST AND RETIREMENT ADVISORY COMMITTEE No. 12-13
BROKER/DEALER ADVISORY COMMITTEE No. 22-13
OPERATIONS COMMITTEE No. 20-13
TRANSFER AGENT ADVISORY COMMITTEE No. 35-13 RE: ICI RECOMMENDATIONS FOR 2013-2014 TREASURY/IRS GUIDANCE PRIORITY LIST--RETIREMENT PLAN ITEMS

 

The ICI submitted the attached letter, requesting that the Treasury Department and Internal Revenue Service include in their 2013-2014 Guidance Priority List guidance on certain issues concerning retirement security. [1]  The ICI submitted a separate letter with recommendations concerning regulated investment companies and their shareholders.

The letter asks for guidance relating to the following matters:

  • Partial rollovers of plan distributions containing after-tax amounts;
  • In-plan Roth conversions of otherwise non-distributable amounts;
  • 403(b) plan termination;
  • Final regulations under Code section 411(a)(11); and
  • Tax treatment of escheated amounts from plans and IRAs.

 

Elena Barone Chism
Associate Counsel

Attachment

endnotes

[1] For a copy of the Institute’s recommendations for the 2012-2013 Guidance Priority List, see Memorandum to Pension Members No. 19-12 [26115], dated May 2, 2012.  The 2012-2013 Priority Guidance Plan is available at http://www.irs.gov/pub/irs-utl/2012-2013_pgp_2nd_quarter_update.pdf (items related to retirement benefits appear on pages 4-8).