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IRS Releases Changes to the Employee Plans Compliance Resolution System
Last week, the IRS released Revenue Procedure 2015-27. The guidance modifies the Employee Plans Compliance Resolution System (EPCRS) under Revenue Procedure 2013-12. Among the changes are the following: Clarifies correction rules for overpayments made to participants. The IRS indicates that some employers have interpreted EPCRS to require... Read More >>
Impact of 2016 Budget Proposal on Retirement Plans
President Obama released his fiscal year 2016 federal budget and as expected, the it includes many retirement-related proposals. Below is a summary of the budget proposals that may impact your plan, if they are passed as presented in the budget. Click here to view the full “Green Book,” which provides a more detailed explanation for all of the... Read More >>
Not-for-Profits Recognize Responsibility in Encouraging Positive Savings Behaviors
Most not-for-profit organizations believe they have a responsibility to encourage their employees to save for retirement, but only 10.6 percent of those organizations are able to measure potential participant outcomes as part of their retirement plans. According to a new survey of 403(b) plan sponsors from the Plan Sponsor Council of America (... Read More >>
PSCA’s 57th Annual Survey Validates the Success of the Defined Contribution System
“The Plan Sponsor Council of America (PSCA) is pleased to see continued progress by millions of Americans who are saving for retirement in their employer-sponsored retirement plans, ” announced Robert Benish, PSCA Executive Director. “Despite histrionics and uncertainly in the world around us, plan sponsors and their organizations are helping... Read More >>
IRS Announces 2015 Pension Plan Limitations
The Internal Revenue Service has announced the cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for 2015. Many of the contribution limits increased this year including elective deferrals ($18,000), catch-up contributions ($6,000), limit for defined contribution plans ($53,000), the... Read More >>
PSCA's 2014 403(b) Plan Survey is Now Available
New Plan Sponsor Council of America survey finds streamlined platforms for do-it-myself investors Non-profit organizations that sponsor 403(b) plans are simplifying investment platforms by streamlining the options available for investors. According to the sixth annual Plan Sponsor Council of America's (PSCA) 2014 403(b) Plan Survey, more plans... Read More >>
Chairman Camps Proposal Raises Concerns for Retirement Security
2/27/2014 Contact:Ed FerrignoVice President, Washington AffairsPlan Sponsor Council of [email protected] Washington, DC (February 27, 2014) - The Plan Sponsor Council of America (PSCA) applauds Chairman Camp for introducing his discussion draft for tax reform yesterday. The proposal is the foundation for a long and, hopefully,... Read More >>
Benchmarking Survey to Identify 403(b) Plan Best Practices and Key Trends
Non-profit organizations that sponsor 403(b) plans have an opportunity to find out how their retirement program compares to others across the nation by participating in the 2014 Plan Sponsor Council of America (PSCA) 403(b) Plan Survey. The sixth annual survey, sponsored by the Principal Financial Group®, features relevant questions on key... Read More >>
DOMA Revisited Webinar
Our Latest Webinar: DOMA Revisited: What is the Impact on Retirement Plans? Original Air Date: February 11, 2014 PSCA was pleased to present an update on the repeal of Section 3 of the Defense of Marriage Act (DOMA) and its impact on Retirement Plans. In this interactive webinar you heard the answers to the following questions: What are... Read More >>
PSCA Joins Amicus Curiae Brief in Supreme Court ESOP Case
PSCA joined four other benefits associations on an amicus curiae brief in Fifth Third Bancorp v Dudenhoeffer. The Supreme Court is reviewing whether the Sixth Circuit Court of Appeals “erred by holding that respondents were not required to plausibly allege in their complaint that the fiduciaries of an employee stock ownership plan abused their... Read More >>