Thursday, June 24, 2010

Employee Plans News – Summer 2010 Edition

The IRS released Employee Plans News – Summer 2010 Edition. It contains the following articles:

  • IRS Names New Members to the Advisory Committee on Tax Exempt and Government Entities
  • ESOP Phone Forum (ESOP Update Phone Forum - June 24, 2010)
  • EPCU Insider - Foreign Distributions – International Project
  • 401(k) Questionnaire Follow-Up
  • Critical Priorities With…Monika Templeman – Who Can Represent a Plan Sponsor During an Employee Plans Examination?
  • New Favorable Determination Letter 4577 Will Accelerate Processing Form 5307 Applications
  • User Fee Exemption - Is Your Plan Eligible? - EGTRRA §620 eliminated user fees for certain determination letter applications filed after December 31, 2001. IRS Notice 2002-1 helps a plan sponsor determine if they are eligible for the user fee exemption.
  • Final Regulations on Investment Diversification Requirements - Final Diversification Regulations
  • Electronic Filing is Mandatory for Form 5500
  • We're Glad You Asked! If an employer sets up a SEP plan for its employees, can each employee choose a different financial institution for his or her SEP-IRA? Can SEP plan participants make tax-deductible IRA contributions to their SEP-IRAs?
  • Nationwide Tax Forums - Save the Date!
  • PBGC Insights
  • DOL Corner E-signature Option, Target Date Funds, Affordable Care Act, Free Compliance Assistance Events
  • Forms & Pubs Update