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. … 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 .… 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”
|
