Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Text of IRS Notice 2021-48: Guidance on Single-Employer Defined Benefit Pension Plan Funding Changes Under the American Rescue Plan Act of 2021 (PDF)
Internal Revenue Service [IRS] Link to more items from this source
[Official Guidance]
July 30, 2021

18 pages. Topics addressed include:

  • Application of Section 430(c)(8) of the Code and Section 9706 of the ARP
    • Effect of Section 9706 of the ARP on interest adjustments with respect to certain contributions made pursuant to Section 3608(a) of the CARES Act
    • Applying the ARP segment rates to statutory hybrid plan interest credits
  • Manner and Timing of Making Elections under the ARP
  • Rules for Elections under Section 430(f) of the Code as a Result of the ARP and Flexibility to Redesignate Contributions Between Plan Years
    • Election to add to a prefunding balance
    • Revocation of an election to use a prefunding balance or funding standard carryover balance
    • Revocation of an election to reduce a prefunding balance or funding standard carryover balance
    • Redesignation of plan year for contributions
  • Changes in AFTAP under Section 436 of the Code as a Result of the ARP
    • Prospective application of change in benefit restrictions reflecting amendments made by the ARP
    • Retroactive application of change in benefit restrictions reflecting changes under the ARP
    • Rules with respect to elections under Section 3608(b) of the CARES Act
    • Recharacterization of contributions made to avoid benefit limitations pursuant to Section 436 of the Code
    • Corrections
  • Reporting Requirements for Changes for the 2019 Plan Year
  • Reporting Requirements for Changes for the 2020 Plan Year

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.