IRS and DOL Identify Fall Regulatory Guidance Priorities

The IRS and the Department of Labor (DOL) Employee Benefit Security Administration (EBSA) have identified priority regulatory topics on their fall guidance agendas. These postings are not assurance that all items listed will be completed and issued within hoped-for timeframes, but serve as a general reference to the guidance these agencies are working to complete.

 

IRS

Proposed Rules

  • Guidance on Rules Applicable to IRAs Under Sections 408 and 408A
  • Spousal IRAs, SEPs, and IRA Technical Changes
  • Deferred Compensation Plans of State and Local Governments and Tax-Exempt Entities
  • Additional Rules Regarding Pension Plan Funding and Benefit Restrictions
  • Reporting and Notice Requirements for Deferred Vested Benefits Under Section 6057
  • Requirements for Employee Stock Ownership Plans
  • Application of Nondiscrimination Requirements, Backloading Limitations, Certain Plan Termination Rules, Benefit Limitations, and Top Heavy Rules to Statutory Hybrid Plans
  • Minimum Vesting Standards
  • Excise Tax on High Cost Employer-Sponsored Health Coverage
  • Health Reimbursement Arrangements and Other Account-Based Group Health Plans

Final Rules

  • Reporting and Notice Requirements for Deferred Vested Benefits Under Section 6057
  • Additional Rules Regarding Information Reporting of Minimum Essential Coverage (health plans)
  • Withholding on Certain Retirement Plan Distributions Under Section 3405(a) and (b)

 

DOL/EBSA

Proposed Rules

  • Fiduciary Rule and Prohibited Transaction Exemptions
  • Grandfathered Group Health Plans and Grandfathered Group Health Insurance Coverage

Final Rules

  • Adoption of Amended and Restated Voluntary Fiduciary Correction Program (VFCP).