Pension Content

The Internal Revenue Service (IRS) has released annual cost of living and other adjustments applicable to dollar limitations for pension and retirement plans.

On October 28, 2024, the US Government Accountability Office released a report entitled "401(k) Plans: Reported Impacts of Fee Disclosure Regulations, and DOL Efforts to Support Implementation of Regulations". According to the GAO, the Report addresses (1) literature and selected...

The IRS and Treasury Department published final regulations regarding income tax withholding on certain distributions from retirement plans and IRAs under Internal Revenue Code ("Code") section 3405(a) and (b).

The IRS recently released Notice 2024-73, providing guidance on the treatment of long-term part-time (LTPT) employees under 403(b) plans. The Notice also announces that the pending final regulations for 401(k) plan LTPT employees will apply no earlier than plan years beginning on or...

ICI submitted a letter to the ERISA Advisory Council on the topic "Qualified Default Investment Alternatives—Start to Finish, Default to Payout," in connection with its October 22, 2024, meeting. The Council's focus is on the effectiveness of QDIAs in both the accumulation and...

ICI submitted the attached letter to the Office of Management and Budget in response to a revised information collection request submitted to OMB by the Department of Labor.

ICI on October 7, 2024, filed a comment letter with the Department of Treasury (Treasury) and the Internal Revenue Service (IRS) on Notice 2024-55.

On September 12, 2024, the Department of Labor published a revised Information Collection Request modifying its earlier proposed ICR, which proposed to collect information from plan administrators voluntarily in order to establish the Retirement Savings Lost and Found online...

On Sept. 5, 2024, the IRS and Treasury issued Notice 2024-65, Request for Comment Regarding Implementation of Saver's Match Contributions. The Notice poses 29 broad questions seeking detailed input from all interested stakeholders to inform IRS and Treasury as they work to implement...

ICI sent a comment letter to the IRS and Treasury, responding to the notice of proposed rulemaking that would amend the regulations governing required minimum distributions from retirement plans and IRAs to reflect changes made by the SECURE 2.0 Act.