Pension Content

​​​​​​​ICI recently filed the attached amicus brief in Matney v. Barrick Gold, urging the 10th Circuit Court of Appeals to affirm the district court's dismissal of a retirement plan fee case. The brief addresses a number of the same issues ICI has addressed in other recent amicus...

The Internal Revenue Service has released annual cost of living and other adjustments applicable to dollar limitations for pension and retirement plans. The news release is available here and Notice 2022-55, which also contains the updated limits, is available here. Notably, the...

On October 11, 2022, the Institute sent the attached comment letter to the Department of Labor (DOL) in response to its proposed amendments to Prohibited Transaction Class Exemption 84-14 ("PTE 84-14"), a longstanding exemption governing financial institutions acting as qualified...

On October 7, 2022, the Internal Revenue Service (IRS) released Notice 2022-53, providing limited interim guidance in advance of issuing final regulations on retirement plan required minimum distributions (RMDs) under Internal Revenue Code ("Code") section 401(a)(9).

IRS Notice 2022-45 (the Notice) announces an extension of the deadlines for amending retirement plans and IRAs to reflect provisions of section 2202 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (providing special tax treatment with respect to coronavirus...

The Internal Revenue Service (IRS) recently posted guidance regarding implementation of the newly redesigned forms for withholding on retirement plan distributions, Forms W-4P (Withholding Certificate for Periodic Pension or Annuity Payments) and W-4R (Withholding Certificate for...

As we previously reported, the Department of Labor (DOL) recently proposed amendments to Prohibited Transaction Class Exemption 84-14 ("PTE 84-14"), a longstanding exemption governing financial institutions acting as qualified professional asset managers (or QPAMs) for IRAs or...

ICI and several other trade organizations submitted the attached letter to the IRS regarding the newly redesigned forms for withholding on retirement plan distributions, Forms W-4P (Withholding Certificate for Periodic Pension or Annuity Payments) and W-4R (Withholding Certificate for...

As we previously reported, the Department of Labor (DOL) recently proposed amendments to Prohibited Transaction Class Exemption 84-14 ("PTE 84-14"), a longstanding exemption governing financial institutions acting as qualified professional asset managers (or QPAMs) for IRAs or...

IRS Notice 2022-33 announces a much-needed extension of the deadlines for amending retirement plans and IRAs to reflect provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), section 104 of the Bipartisan American Miners Act of 2019 (Miners...