Regulatory roundup

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

Agencies release instructions for 2015 Form 5500, Annual return-report of employee benefit plan
The Internal Revenue Service (IRS), U.S. Department of Labor (DOL), and Pension Benefit Guaranty Corporation (PBGC) have revised the 2015 instructions for the Form 5500. These instructions reflect a new IRS announcement concerning questions that were added to Schedules H and I (Lines 4o, 4p 6c, and 6d). The IRS has decided not to require plan sponsors to complete these questions for the 2015 plan year and plan sponsors should skip these questions when completing the form.

For more information, click here.

Covered compensation tables for 2016 plan year
The IRS has issued Revenue Ruling 2016-5, providing the covered compensation tables under Section 401 for the 2016 plan year.

For more information, click here.

DOL solicits comments on proposed research study
The DOL is planning to undertake a long-term research study to develop a panel that will track U.S. households over several years in order to collect data and answer important research questions on how retirement planning strategies and decisions evolve over time.

Relatively little is known about how people make planning and financial decisions before and during retirement. A major hurdle to retirement research is the lack of data on how people make these decisions related to retirement. Gaining insight into Americans’ decision-making processes and experiences will provide policy makers and the research community with valuable information that can be used to guide future policy and research.

For more information, click here.

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