Pension Protection Act Blog

This blawg covers the impact of recent law change on retirement and health plan documents. The Pension Protection Act made the most sweeping changes to the plan documents in the last 30 years at the same time the IRS decided to restructure how it regulates qualified plans. Caught in this intersection is one ERISA attorney who writes plan documents.

Author: Suzanne Wynn is chief operating officer of Qualified Pension Consulting Inc.

Blawg Related Categories: Benefits/ERISA • Consultant

Recent Posts from Pension Protection Act Blog

Final 403(b) Regulation Date Tricky for Church Plans
As the general deadline of January 1, 2009 creeps closer and closer for most 403(b) plans to comply with the Final 403(b) Regulations, the applicability dates in the Final 403(b) Regulations deserves a little…
IRS Updates Employee Plans Compliance Resolution System
On August 14th, the IRS released Revenue Procedure 2008-50. Rev. Proc. 2008-50 is 179-pages long, and updates the Employee Plans Compliance Resolution System (EPCRS), which the IRS last updated in 2006 with Rev. Proc. 2006-27.…
And the ERPA Contract Goes To……..
In a strange, almost bizarre, twist today, the IRS announced that they have awarded the contract to conduct the examinations for the Enrolled Retirement Plan Agent (ERPA) program to the American Institute of Retirement Education…
Electronic Copies for Nothin’ and Your Paper Copies Are Free
As more offices go green and provide information electronically, a growing question is whether you can charge participants and beneficiaries for paper copies. There are two theories for charging participants and beneficiaries for paper copies.…
Fee and Expense Information for 401(k) Plans is About to Become Clearer
On July 22, 2008, the Dept. of Labor released new proposed regulations on fiduciary requirements for disclosures in participant-directed individual account plans effective for plan years beginning after January 1, 2009. Participant-directed Individual account…
DOL Releases Proposed Fee Disclosure Regulations
The Dept. of Labor released the long-awaited proposed regulations on fee disclosures and fiduciary responsibilities. Officially called the proposed regulations on “Fiduciary Requirements for Disclosure in Participant-Directed Individual Account Plans”, these proposed regulations are 103…
Loans from Qualified Plans Generating Unprecedented Buzz
With the economy headed south, or already at rock bottom, depending upon where you live, it is not surprising that participants are borrowing from their retirement plans. What is surprising is the amount of buzz…
Cashed Out Participant is Still a Participant for Breach of Fiduciary Lawsuits
When is comes to litigating over alleged fiduciary breaches, when is a terminated employee no longer a participant. If you think the answer should be as soon as the terminated employee receives a lump sum…
WSJ Article Provides Advice About Vesting
In a recent article in the Wall Street Journal, Kelly Greene answers the question from a reader about whether her employer can keep a percentage of the matching contribution in her account because she is…
Another Corrections Act to the Pension Protection Act Passes the House
On Wednesday, the House of Representatives passed another Pension Protection Technical Corrections Act of 2008 by voice vote. This act, H.R. 6382, now heads to the Senate, where the last Pension Protection Technical Corrections Act…