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In the May 23, 2022, issue of Employee Plans News, the IRS explains the applicability of the Employee Plans Compliance Resolution System for pre-approved plans that are not restated by appropriate deadlines.

The IRS has issued Notice 2022-25, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

The DOL’s EBSA, IRS, and the PBGC have released final forms revisions to the Form 5500 and Form 5500-SF.

The IRS issued Revenue Ruling 2022-10, which contains the applicable federal rates (AFR) for June 2022.

The IRS announced the postponement of certain tax-related deadlines for victims of wildfires and straight-line winds in New Mexico.

The IRS has provided additional temporary relief from the physical presence requirements for certain participant elections through December 31, 2022.

The Department of Treasury and IRS have released proposed regulations to update the mortality tables that are used to calculate minimum required contributions for single-employer defined benefit pension plans.

To help expand access to MEPs, the IRS has released proposed regulations, which provide a welcome exception to the unified plan rule.

The IRS has issued a revised 2021 Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).

The IRS has issued Notice 2022-22, containing “mortality improvement rates” and “static mortality tables” to be used in certain liability determinations for defined benefit (DB) pension plans.