Regulatory roundup

More retirement-related regulatory news for plan sponsors, including links to detailed information.

Revenue Procedure providing remedial amendment periods for correcting form defects in 403(b) plans released

The Internal Revenue Service (IRS) released Revenue Procedure 2019-39 which sets forth a system of recurring remedial amendment periods for correcting form defects in a § 403(b) plan first occurring after March 31, 2020—the ending date for the initial remedial amendment period under Rev. Proc. 2013-22, 2013-18 I.R.B. 985.

To learn more, click here.

PBGC issues proposed rule on administrative review of decisions

The Pension Benefit Guaranty Corporation (PBGC) is amending its regulation on rules for administrative review of agency decisions. The PBGC’s proposed rule would clarify and make changes to the review process for certain agency determinations and the procedures for requesting administrative review.

To learn more, click here.

Leave a Reply