More retirement-related regulatory news for plan sponsors, including links to detailed information.
PBGC changes premium payment and correspondence mailing addresses
The Pension Benefit Guaranty Corporation (PBGC) has changed its mailing addresses for paper checks and correspondence from Bank of America to U.S. Bank. If a paper check or correspondence is mailed to Bank of America, it will be forwarded to U.S. Bank until October 30, 2018. Complete premium payment instructions can be found at the PBGC website.
To learn more, click here.
IRS updates 403(b) checklist
The Internal Revenue Service has updated its 403(b) checklist for July 2018. Every year it’s important that retirement plan sponsors review the requirements for operating a 403(b) retirement plan. The updated checklist will help sponsors keep their plan in compliance with many of the important rules.
To access the 403(b) checklist, click here.