"Complete Form W-4R to have payers withhold the correct amount of federal income tax from your nonperiodic payment or eligible rollover distribution from an employer retirement plan, annuity (including a commercial annuity), or individual retirement arrangement (IRA). "  MORE >>

Rev. Mar. 2024. "Use this form to correct errors made on Form CT-1, Employer's Annual Railroad Retirement Tax Return. Use a separate Form CT-1 X for each year that needs correction."  MORE >>

"This article continues a discussion of the definitions of investment and other property transactions that, if recommended to a retirement investor (that is, a private sector qualified plan, participants in those plans, or IRA owners), will require satisfaction of the fiduciary standards and, in most cases, of the conditions of a prohibited transaction exemption."  MORE >>

"The public feedback on the [DOL's] new rule proposal ... ran the gamut Dec. 12, from stakeholders who say the initiative is needed to close coverage gaps and better protect retirement savers, to those who say it will hurt financial professionals, lead to fewer advice options for savers and should be withdrawn entirely."  MORE >>

"[F]iduciaries should diligently negotiate service provider contracts and be mindful of the cybersecurity. This negotiation should result in cyber related contract provisions, including provisions that provide the right to review cybersecurity audit results and demonstrating compliance. Fiduciaries should inquire if the service provider is offering a guarantee of benefits, if a participants' account is hacked through no fault of their own."  MORE >>

"Prediction One: Discretion continues to rise ... Prediction Two: SECURE 2.0 takes flight ... Prediction Three: Financial wellness gains definition ... Prediction Four: Nonqualified plans meet participant education ... Prediction Five: Defined benefit plans revive."  MORE >>

72 pages. "The total number of pension plans grew again in 2021, to approximately 765,100, a 2.5 percent increase over 2020. The number of DC plans grew by 2.7 percent, while the number of DB plans decreased by 0.4 percent.... The number of 401(k)-type plans increased by 3.7 percent, from 621,500 to 644,700. There were 74.9 million active participants in 401(k)-type plans, reflecting a 3.7 percent increase from 2020. " [Also available: data tables in XLSM and XML formats; and Historical Tables and Graphs, 1975-2021.]  MORE >>

"Although Defined Benefit plans were the mainstay of most pensions plans for much of the twentieth century, there was a massive shift in the 1980s, mainly in the private sector, towards Defined Contribution plans like 401(k). The paper argues that government policies for the private sector, new employer-employee relationship, job-switching, and familiarity with the financial market created an environment where an increasing number of new-age employees are dependent on themselves rather than the employer to fund their retirement. Overdependency on Defined Contribution plans has led to inadequate savings for many American workers, jeopardizing their retirement."  MORE >>

"[T]he fiduciary, not the appraiser ... must take ultimate responsibility that the appraisal provides a reliable fair market price for the ROBS stock.... Keep these pointers in mind ... [1] Expert's qualifications.... [2] Cooperation and transparency.... [3] Do not remove unfavorable data from the financials you provide. [4] Review the appraisal."  MORE >>

20 pages. "This report describes recent trends in the characteristics of annuitants and current employees covered by the Civil Service Retirement System (CSRS) and the Federal Employees' Retirement System (FERS) as well as the financial status of the Civil Service Retirement and Disability Fund (CSRDF)." [98-972 updated Dec. 12, 2023]  MORE >>

58 pages. "The 2023 survey focused on satisfaction with the features of the plan, and also gauged selected participant desires and behaviors.... The 2023 survey was administered after the plan transitioned to a new service provider which altered the appearance of online account information. The transition to a new service provider may have impacted satisfaction scores for the 2023 survey."  MORE >>

"The proposed rule is completely contrary to the President's inclusive economic principles and will harm the very consumers he and the DOL have said they wish to help. This rule will deepen the nation's retirement crisis by limiting access to sound financial advice."  MORE >>

Nov. 2023. "For Forms ... 1094-C, 1095, ... 1098, 1099, 3921, 3922 [and] 5498.... Do not use this form to request an extension to file information returns with the IRS (use Form 8809)."  MORE >>