House and Senate Pass Tax Bill

By Ascensus May 12, 2006

May 12, 2006 – The U.S. House and Senate both passed the Tax Increase Prevention and Reconciliation Act (H.R. 4297) this week, and President Bush…

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…

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