February 2017 Newsletter | Trump on ACA and Fiduciary Rule | New IRS Guidance on Forfeitures | Medicare and Medicaid Disclosure Form Deadlines

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Pre-Approved Plan Program Extended to Include Cash Balance Plans and Employee Stock Ownership Plans (ESOPs)

On June 8, 2015, the Internal Revenue Service (IRS) issued Revenue Procedure 2015-36 (the “Revenue Procedure”), updating existing guidance on pre-approved plan (including master and prototype (M&S) and volume submitter (VS) plans) applications for opinion and advisory letters. It also opens the pre-approved program to cash balance plans and ESOPs. The Revenue Procedure modifies and supersedes Revenue Procedure Read More

Revenue Procedure 2015-27: IRS Updates Qualified Retirement Plan Correction Program

The IRS recently released Revenue Procedures 2015-27 and 2015-28, which modify, but do not replace, the existing Employee Plans Compliance Resolution System (EPCRS) in Revenue Procedure 2013-12 (the “2013 Revenue Procedure”). This HR Alert summarizes the changes included in Revenue-Procedure 2015-27. The July HR Alert will include a summary of the modifications set forth in Revenue-Procedure 2015-28. Generally, the Read More