Kevin E. Nolt

IRS Guidance on Pension Plan Mortality Tables and Funding Methods

KEVIN E. NOLT, November 2017   Recent guidance by the Internal Revenue Service (IRS) impacts the funding rules applicable to defined benefit pension plans. As described below, the guidance changes the mortality tables used for minimum funding (and other) purposes and the process used to modify a plan’s funding methods. We recommend that plan sponsors […]

Pension Plan Limitations and Other Applicable Limitations for 2017

SHANNON OLIVER and KEVIN E. NOLT, October 2016   The Internal Revenue Service has announced the annual cost-of-living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2017. Many of the pension plan limitations were increased, as the increase in the cost-of-living index met the statutory limits that initiate their adjustment. […]

Updates to the Employee Plans Compliance Resolution System

KEVIN E. NOLT, October 2016    The Internal Revenue Service (“IRS”) issued Revenue Procedure 2016-51 on September 29, 2016 which updates the current version of the Employee Plans Compliance Resolution System (“EPCRS”), effective January 1, 2017. The current EPCRS, issued in 2013 in Revenue Procedure 2013-12, had become outdated due to changes made to the program […]

IRS Provides Update on Pending Guidance on the Determination Letter Program

KEVIN E. NOLT, January 2016 On January 4, 2016, the Internal Revenue Service (“IRS”) issued Notice 2016-03, which provides that the Department of Treasury (“Treasury”) and the IRS will issue guidance in anticipation of the elimination, effective January 1, 2017, of the five-year remedial amendment cycle system for individually designed retirement plans under the IRS […]

Pension Plan Limitations and Other Applicable Limitations for 2016

SHANNON OLIVER and KEVIN E. NOLT, October 2015 — The Internal Revenue Service (the “IRS”) has announced the annual cost-of-living adjustments applicable to dollar limitations for retirement plans and other items for Tax Year 2016. The retirement plan limitations generally are unchanged in 2016 because in most cases the slight increase in the cost-of-living index […]