Health & welfare plans newsletter april 16, 2025 [official guidance] text of executive order Lowering drug prices by once again putting americans first A new form 5330 template empowers customers to minimize redundant data entry and reduce manual labor by populating multiple forms at once file securely In other words, the irs has not addressed whether plans can be amended to remove the distribution triggers once they are added Plan sponsors should consider this ambiguity before moving forward with adding these rules The notice makes clear that additional guidance should be forthcoming in the form of regulations.
Section iii of this notice describes the guidance under consideration, which would provide that employees of a public charter school may participate in a state or local retirement system if certain conditions are satisfied Section iv of this notice discusses the potential for broader transition relief for governmental plans once final regulations under section 414(d) are issued. The fourth remedial amendment cycle (rac) list is for defined contribution plans submitted from february 1, 2024, to august 25, 2025, and covers the 2023 cumulative list.once the reviews are complete the list will contain the letter serial numbers and date Once the plan is deemed terminated, the qta will be permitted to begin winding up the plan's affairs Winding up abandoned plans the final regulations prescribe standards for terminating and winding up abandoned plans, including calculating benefits and notifying participants of the termination. Press release all americans gain access to tiaa lifetime income annuities issued by tiaa mar
