The IRS issued Notice 2014-74 with updated model safe harbor rollover notices for qualified retirement plans.
The IRS has published an updated Rollover Chart: Rollover Chart
The Pension Benefit Guaranty Corporation on October 24, 2014, published its increased premium rates. The per participant flat premium rate for single employer plans increased to $57 in 2015 (up from $49 in 2014). The per participant flat rate premium for multiemployer plans reflected a smaller increase to $13 in 2015 (up from $12 in 2014). Variable-rate premiums ("VRPs") have also been increased from the 2014. VRPs are only paid by single employer plans and are structured as a premium...Continue Reading
On October 23, 2014, the Internal Revenue Service issued the 2015 pension plan limitations. The majority of the pension plan limits reflected cost-of-living increases of the 2014 limitions.
See 2015 pension plan limits
"Top hat" plans are unfunded pension plans for a select group of management or highly compensated employees. Top hat plans are exempt from certain ERISA reporting and disclosure requirements if the plan administrator timely files a one-time statement with the DOL. The DOL has issued proposed regulations that will require these top hat plan statements to be filed electronically. The requirement will become effective 120 days after publication of the final regulations in the Federal...Continue Reading