Reporting And Disclosures Checklist
Qualified retirement plans are subject to many reporting and disclosure requirements under ERISA and related regulations. Although there may be additional requirements that apply to special circumstances, the reporting and disclosures checklist provides an overview of the requirements that typically apply. Information pertaining to both defined benefit and defined contribution plans are in this one checklist.
For additional information, can also be found on the IRS website.
Please contact Watkins Ross for specific questions pertaining to your plan’s reporting and disclosure requirements.
Related Articles You Might Like
What Is a Top-Heavy Retirement Plan?
The IRS requires several annual nondiscrimination tests for defined contribution retirement plans, and the top-heavy test is one of those. A retirement plan is top-heavy when, as of the last day of the preceding plan year (the determination date), the total value of...
The New IRS Pre-Examination Retirement Plan Compliance Program
On June 3, 2022, the IRS announced a pilot pre-examination retirement plan compliance program beginning in June 2022. Under the pilot program, the IRS will notify a qualified retirement plan sponsor by letter that their retirement plan has been selected for an...
Maintaining Retirement Plan and Participant Records: Who’s Responsible and for How Long?
Retirement plan record retention rules are found in both the Department of Labor (“DOL”) Regulations and the Employee Retirement Income Security Act of 1974 (ERISA), plus there are statutes of limitation concerns in relation to retirement plan sponsor liability for...