logo logo

Retirement Plans Newsletter

February 7, 2022

9 New Job Opportunities 9 New Job Opportunities


[Official Guidance]

Text of Instructions for IRS Form 8915-F: Qualified Disaster Retirement Plan Distributions and Repayments (PDF)

"Form 8915-F is a redesigned Form 8915. Beginning in 2021, additional alphabetical Forms 8915 ... will not be issued. The same Form 8915-F will be used for distributions for qualified 2020 disasters (and qualified 2021 and later disasters, if enacted) and for each year of reporting of income and repayments of those distributions.... Earlier Forms 8915 had a different alphabetical Form 8915 for each year of disasters and a different form for each year the alphabetical form existed."

Also available for tax year 2021: 


Internal Revenue Service [IRS]

[Guidance Overview]

Alert (High Risk Issue) icon New York State Secure Choice Savings Program: Implementation Phase Begins

"Requirements for Applicable Employers to enroll in NY Secure Choice became effective December 31, 2021 without a clear mechanism to do so.... Applicable Employers should ... [c]onsider the pros and cons of various approaches, including sponsoring their own plan, issuing requests for proposals for service providers and investment advisors to assist with managing a plan, or perhaps considering whether a pooled employer plan approach is desirable."  MORE >>


Employee Plans Examination Quality Review Scores Have Declined, and Efforts to Identify Trends and Implement Corrective Actions Could Be Improved (PDF)

32 pages. "From FY 2018 to FY 2020, overall case quality scores for EP Examinations decreased by 23 percent. Scores declined for all three quality measures: Proper Identification, Development, and Resolution of Issues; Timeliness; and Communications, and for 19 (95 percent) of the 20 quality elements"  MORE >>

Treasury Inspector General for Tax Administration [TIGTA]

Why Plan Sponsors Need a Retirement Plan Committee

"Plan committees help meet participant interests and are a prudent way for the plan sponsor to mitigate risk, especially fiduciary risk. However, a retirement plan committee has many more benefits -- not the least of which is making all parties accountable, including the plan advisor and recordkeeper."  MORE >>

HUB International

Pension Finance Update, January 2022

"January was a mixed month for pensions, as higher interest rates and lower stock markets pushed pension assets and liabilities down last month. Both model plans ... were close to even on the month, with Plan A improving less than 1% while the more conservative Plan B lost a similar amount."  MORE >>

October Three Consulting

Pension Finance Watch, January 2022

"Investment returns were negative for the month, offset somewhat by a reduction in liabilities due to increasing discount rates. The end-of-January index level of 89.3 reflects a decrease of 0.4% for the month."  MORE >>

Willis Towers Watson

San Diego to Retroactively Replace Thousands of Employees' DC Plans with Pensions

"The city of San Diego will be offering retroactive defined benefit pension benefits to thousands of city employees who were previously only offered defined contribution plans. The decision comes after the California Supreme Court overturned 2012's Proposition B ... [which] shifted all city employees except police officers away from pensions to DC plans. The law was in effect from July 2012 through July 2021."  MORE >>

PLANSPONSOR; free registration may be required

Participants' Attorneys Receive $1 Million Share of $4M Koch ERISA Settlement

"Last July, attorneys for the class announced that they had requested attorneys' fees of 25% of the proposed settlement amount, lower than the customary 33% awarded in similar ERISA class actions."  MORE >>

Hall Benefits Law

Benefits in General

Making a One-Time Transfer from an IRA to an HSA

"A qualified HSA funding distribution (QHFD) allows for the transfer of funds from an IRA to an HSA. The rollover is tax-free. Moving funds from an IRA to an HSA may have more tax advantages than saving in an IRA alone."  MORE >>


Executive Compensation and Nonqualified Plans

2021 Annual Stock Plan Participant Survey

"Most stock plan respondents (75%) feel confident in their ability to access their stock plan account, but only half (52%) understand how to sell their stock plan shares. Fewer still (34%) report understanding how to estimate the potential tax impact of their stock plan benefits ... 4 in 5 employees believe their companies should play a role in helping them to maximize the financial potential of their stock plan benefits."  MORE >>

Morgan Stanley

Employee Benefits Jobs

View job as Administrator - TPA
for Cetera Retirement Plan Specialists Administrator - TPA

Cetera Retirement Plan Specialists


View job as Administrator - TPA
for Cetera Retirement Plan Specialists

View job as Document Specialist
for BPAS Document Specialist


Utica NY / Huntingdon Valley PA

View job as Document Specialist
for BPAS

View job as Compliance Specialist (Entry Level)
for Newport Compliance Specialist (Entry Level)



View job as Senior Compliance Analyst - Retirement Plans
for Newport Senior Compliance Analyst - Retirement Plans



View job as Client Relationship Manager
for The Retirement Advantage, Inc. (TRA) Client Relationship Manager

The Retirement Advantage, Inc. (TRA)


View job as Retirement Plan Consultant
for Webber Advisors & Retirement Plan Solutions Retirement Plan Consultant

Webber Advisors & Retirement Plan Solutions

Remote / Altoona PA / Hollidaysburg PA / Pittsburgh PA

View job as Retirement Plan Consultant
for Wipfli Retirement Plan Consultant



View job as Cash Balance Retirement Account Administrator
for Alerus Cash Balance Retirement Account Administrator


Remote / MI / MN / ND / NH

View job as Retirement Account Administrator, Senior
for Alerus Retirement Account Administrator, Senior



Selected New Discussions

New York Hurricane Ida/FEMA Extension Runs Through February 15 for Form 5500-SF Filings But DOL Balking

"Parts of New York have the Hurricane Ida/FEMA extension through February 15, 2022. We have correctly marked under Special Extension - 'New York-Hurricane Ida-FEMA-4615-DR' and so far, only one client has received an email from DOL advising that Form 5500-SF for 2020 has not been received, although it has been. We have the DOL acceptance of the filing, answered the email and attached a copy of Form 5500-SF. Anyone else receive a similar DOL email or letter?"

BenefitsLink Message Boards

Prenuptial Agreement and Waiver of Spousal Consent

"A couple signs a prenup foregoing all claims to each other's qualified plan benefits. But IRC Reg. Section 1.401(a)(20) is clear that prenups or other agreements entered into before marriage do not satisfy spousal consent requirements and case law supports this. The prenup I am examining specifically states that, after marriage, each spouse agrees to waive spousal consent pursuant to the QJSA rules. Does that make a difference?"

BenefitsLink Message Boards

Press Releases

Coffey Honored with 2022 Schiller Award

National Tax-Deferred Savings Association [NTSA]

Zingaro Takes Helm as 2022 NTSA President

National Tax-Deferred Savings Association [NTSA]

Webcasts and Conferences
(Retirement Plans / Executive Compensation)

IRA Fundamentals

February 24, 2022 WEBCAST


Last Issue's Most Popular Items

Q&A on Cryptocurrency and Retirement Plans (PDF)

Groom Law Group, via Thomson Reuters Practical Law

Cryptocurrency for Employee Benefits Lawyers: What You Need to Know

McDermott Will & Emery

Text of 2021 IRS Form 8955-SSA: Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits (PDF)

Internal Revenue Service [IRS]

Unsubscribe  |   Change Email Address

Search Past Issues   |   Privacy Policy

Submit an Article   |   Contact Us   |   Advertise Here

Copyright 2021, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.

BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

Links to web sites other than and are offered as a service to our readers. We are not involved in their production and are not responsible for their content.