ERISA Compliance Calendar/PPA/Notice 2007-07
January 19, 2007

Here is an ERISA Compliance Calendar/Checklist for 2007. According to the checklist, the following items are due by January 31:

• Form 1099Rs due to participants to report 2006 distributions.

Note: Many recordkeepers also require participant data for average deferral percentage (ADP)/actual compensation percentage (ACP), Top-Heavy, and 402(g) compliance testing to be returned by 1/31.

• Form 945 due to IRS (reporting of income tax withheld from distributions).

We discussed IRS Forms 1099-R and 945 earlier this month.
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The IRS has an information page about the Pension Protection Act of 2006 (PPA). It contains links to Information on the PPA, Newsletter Articles, Published Guidance, and Other Information

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Here are some more links to articles about IRS Notice 2007-07:

IRS Issues "Grab-Bag" of Guidance on PPA Distribution Issues

Legal Alert: IRS Publishes PPA Distribution Guidance “Grab Bag