IRS Issues Updated Plan Correction Program Guidance

By Ascensus May 8, 2006

May 8, 2006 – The IRS has issued Revenue Procedure 2006-27, updating the Employee Plans Compliance Resolution System (EPCRS) that outlines correction of retirement plan…

HSA Enhancement Bill Introduced in House

By Ascensus May 4, 2006

May 4, 2006 – Rep. Eric Cantor (R-Va.) yesterday introduced H.R. 5262, the Tax-Free Health Savings Act of 2006. The bill embodies Health Savings Account…

DOL Issues Final Abandoned Plan Regulations

By Ascensus April 26, 2006

April 26, 2006 – The Department of Labor’s Employee Benefits Security Administration (EBSA) has published final regulations governing actions to be taken for the disposition…

FDIC Announces Merger of Deposit Insurance Funds

By Ascensus April 26, 2006

April 26, 2006 – The Federal Deposit Insurance Corporation (FDIC) has published a final rule regarding the merging of the two funds that formerly existed…

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