Retirement Legislative and Administrative Updates

Welcome to the Legislative Ledger. Jonathan Anderson, a TCRS contributor, regularly monitors any legislative and administrative guidelines that are under consideration that might impact the retirement planning industry. TCRS tracks the developments so that it may continue to bring awareness and up-to-date information to the retirement plan community.We strive to provide the information you need to stay informed and to provide comprehensive summaries of the issues at hand, including annual pension plan limitations.

2016

Select Pension Plan Limits for 2017

The Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017. Most of the limitations remain unchanged for 2017.

2017 Pension Plan Limits - October 27, 2016

Saver's Credit Limitations for 2017

IRS has announced the adjusted gross income limitations for the Saver's Credit for tax year 2017: $62,000 for married couples filing jointly; $46,500 for heads of household; and $31,000 for singles, married filing separately or qualifying widow(er).

Saver's Credit Limitations for 2017- October 27, 2016

2015

Select Pension Plan Limits for 2016

The Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. Most of the limitations remain unchanged for 2016.

2016 Pension Plan Limits - October 21, 2015

August 28, 2015

This release summarizes certain regulatory changes, updates, and guidance (including court decisions) published during the first half of 2015. Following is a list of the topics summarized, as well as the sections of this release containing the summaries:

Change to the timing requirement applicable to annual participant fee disclosures under ERISA §404(c)
Changes and modifications to correction options for plan errors under the Internal Revenue Services’ (“IRS’”) correction programs.
Re-release of proposed fiduciary regulations by the Department of Labor (“DOL”).
Guidance regarding hardship withdrawal and participant loan documentation.
Guidance regarding an on-going fiduciary duty to monitor plan investment alternatives.
Guidance regarding same-sex marriage.

Semi-Annual Regulatory Summary

2014

October 23, 2014

Select Pension Plan Limitations for 2015

April 29, 2014

Guidance on the Supreme Court's DOMA "Windsor Decision"

2013

December 18, 2013

Guidance on In-Plan Roth Rollovers/Conversions

December 2, 2013

Reduction or Suspension of Safe Harbor Contributions – Final Regulations

October 31, 2013

Select Pension Plan Limitations for 2014

September 4, 2013

Initial Guidance Regarding the Supreme Court’s Decision on the Defense of Marriage Act (“DOMA”).

July 24, 2013

Allowed “Re-set” of Annual §404(a) Participant Fee Disclosure Date

July 1, 2013

Supreme Court's Decision on the Defense of Marriage Act ("DOMA")

January 4, 2013

In-Plan Roth Conversions and the American Taxpayer Relief Act of 2012

2012

November 28, 2012

Hurricane Sandy Relief from the Department of Labor

November 20, 2012

Hurricane Sandy Relief – Using Retirement Plan Assets to Alleviate Hurricane Hardships, and Relief from Certain Plan Verification Procedures for Loans and Hardship Distributions.

October 18, 2012

Selected Pension Plan Limitations for 2013

February 10, 2012

Final Regulations for ERISA §408(b)(2) Service Provider Fee Disclosures Issued

2011

December 19, 2011

Department of Labor Releases Revised Interim Policy on use of Electronic Media for Certain Disclosures in Participant-Directed Individual Account Plans

December 14, 2011

Department of Labor Issues Final Regulations on PPA's Statutory Investment Advice to Participants and Beneficiaries

October 20, 2011

Selected Pension Plan Limitations for 2012

September 8, 2011

DOL extends (again) the Effective Date for Compliance with ERISA section 408(b)(2) Service Provider Fee Disclosure and extends the Effective Date for Compliance with ERISA section 404(a) Participant Fee Disclosure

February 18, 2011

DOL Extends Effective Date for Compliance with ERISA section 408(b)(2) Service Provider Fee Disclosure

2010

December 15, 2010

DOL Proposed Regulations On Target Date Funds

December 3, 2010

IRS Notice 2010-84, In-Plan Roth Conversion Guidance

November 08, 2010

DOL Proposes to Amend Definition of Fiduciary Under ERISA

October 28, 2010

Selected Pension Plan Limitations for 2011

October 25, 2010

Department Of Labor Final Regulations Relating To Participant Fee Disclosure

October 8, 2010

In-Plan Conversions to Designated Roth Accounts

August 9, 2010

ERISA 408(b)(2) Service Provider Fee Disclosure

2009

October 15, 2009

Selected Pension Plan Limitations for 2010

May 26, 2009

Proposed Regulations Relating to Suspension or Reduction of Safe Harbor Nonelective Contributions

March 13, 2009

Final Regulations on Automatic Contribution Arrangements

2008

October 17, 2008

2009 COLAS Selected Pension Plan Limitations for 2005 - 2009

May 13, 2008

Department of Labor Makes Technical Corrections to Qualified Default Investment Alternative (QDIA) Final Regulations and Issues Additional QDIA Guidance in Field Assistance Bulletin 2008-03

2007

December 14, 2007

Treasury Department Proposed Regulations On Automatic Contribution Arrangements

November 12, 2007

Final Regulations Relating To Default Investment Alternatives Under The Pension Protection Act of 8th Annual (2006)

2006

August 17, 2006

The Pension Protection Act of 2006

January 18, 2006

Roth 401(k) Final Regulations

2005

May 2, 2005

TCRS 2005-02: Roth 401(k) (PDF)

2004

Filter By

Transamerica Center for Retirement Studies^® (TCRS) is a division of Transamerica Institute^®, a nonprofit, private foundation. Transamerica Institute is funded by contributions from Transamerica Life Insurance Company and its affiliates and may receive funds from unaffiliated third parties. TCRS and its representatives cannot give ERISA, tax, investment or legal advice. This material is provided for informational purposes only and should not be construed as ERISA, tax, investment or legal advice. Interested parties must consult and rely solely upon their own independent advisors regarding their particular situation and the concepts presented here. Although care has been taken in preparing this material and presenting it accurately, TCRS disclaims any express or implied warranty as to the accuracy of any material contained herein and any liability with respect to it.