ESOP Insourcing is the only ESOP service provider that includes an annual repurchase obligation analysis in the administration process.

  

 

RULES AND REGULATIONS

Treasury
Regulations

IRS Notices

DOL Field Assistance Bulletins

DOL Final
Regulations

IRS
Revenue Rulings

IRS
Revenue Procedures

IRS
Announce
ments

DOL Proposed Regulations/
DOL News

IRS Notices

"A notice is a public pronouncement that may contain guidance that involves substantive interpretations of the Code or other provisions of the law. For example, notices can be used to relate what regulations will say in situations where the regulations may not be published in the immediate future."

Notice 2007-81, 2007-44 I.R.B.  – Interest Rate Modification
As required by section 430(h)(2) of the Internal Revenue Code as added by the Pension Protection Act of 2006, the corporate bond yield curve; the corporate bond yield curve with modifications; and the methodology used to determine these yield curves for August 2007 is set forth. 
LINKS:  [HTML] | [PDF] | [News Release]
IRS Issues Guidance on Yield Curve to be Used for PPA Funding Rules
IRS Issues Pension Yield Curve
IRS provides guidance on yield curve and segmented interest rates required by PPA
IRS Guidance on Yield Curve for Calculating Funding Requirements, Lump Sums

Notice 2007-78, 2007-41 I.R.B.  - 2008 Transition Relief and Additional Guidance on the Application of Section 409A to Nonqualified Deferred Compensation Plans]
This notice provides transition relief and additional guidance on the application of section 409A of the Code to nonqualified deferred compensation plans. The notice generally extends to December 31, 2008, the deadline to adopt documents that comply with section 409A, subject to limited requirements regarding the timely written designation of a time and form of payment. The notice also provides guidance addressing certain issues raised by the application to employment agreements and cashout features of section 409A and the final regulations, and the application of section 409A(b) to certain trusts and other arrangements to pay for nonqualified deferred compensation.
LINKS:  [HTML] | [PDF] | [News Release] 

Notice 2007-75, 2007-39 I.R.B.  - Weighted Average Interest Rates Update
Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for August 2007 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.  This notice contains the weighted average interest rate update for plan years beginning in August 2007.
LINKS:  [HTML] | [PDF]

Notice 2007-69, 2007-35 I.R.B. 468 - Relief Related to Plan Amendment of Definition of Normal Retirement Age
Normal retirement age; temporary relief. This notice provides temporary relief for certain pension plans whose definition of normal retirement age may be required to be changed to comply with the regulations regarding a plan’s normal retirement age that were recently issued under section 401(a) of the Code. Rev. Proc. 2007-4 and Notice 2007-3 modified.  This notice provides temporary relief to the first day of the first plan year beginning after June 30, 2008, for certain pension plans whose definition of normal retirement age may have to be changed to comply with the regulations pertaining to normal retirement age that were issued on May 22, 2007.
LINKS:  [HTML] | [PDF]

Notice 2007-68, 2007-35 I.R.B. 468 - Weighted Average Interest Rates Update
Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for August 2007 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.  This notice contains the weighted average interest rate update for plan years beginning in August 2007.
LINKS:  [HTML] | [PDF]

Notice 2007-67, 2007-35 I.R.B. 467 - Extension of Transition Relief for Indian Tribal Government Plans
Section 906 of Pension Protection Act of 2006; Indian tribal governments; extension of transition relief. This notice extends the transition relief for plans of Indian tribal governments and related entities to comply with the changes made by section 906 of the Pension Protection Act of 2006 (PPA ’06) to the date that is six months after the issuance of additional guidance under section 414(d) of the Code as amended by section 906 of PPA ’06. Notice 2006-89 modified.  This notice modifies the transition date in Notice 2006-89 to the date that is 6 months after the issuance of guidance under section 414(d) of the Code as modified by section 906 of the Pension Protection Act of 2006.
LINKS:  [HTML] | [PDF]

Notice 2007-61, 2007-30 I.R.B. 140 - Weighted Average Interest Rates Update
Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for July 2007 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.  This notice contains the weighted average interest rate update for plan years beginning in July 2007.
LINKS:  [HTML] | [PDF]

Notice 2007-51, 2007-26 I.R.B. 1456 - Weighted Average Interest Rates Update
Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for June 2007 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.  This notice contains the weighted average interest rate update for plan years beginning in June 2007.
LINKS:  [HTML] | [PDF]

Notice 2007-41, 2007-21 I.R.B. – Public Comment Invited on Recommendations for 2007-2008 Guidance Priority List
The Department of Treasury and the Service invite public comments on recommendations for items that should be included on the 2007-2008 Guidance Priority List. Taxpayers may submit recommendations for guidance at any time during the year. Recommendations submitted by May 31, 2007, will be reviewed for possible inclusion on the original 2007-2008 Guidance Priority List. Recommendations received after May 31, 2007, will be reviewed for inclusion in the next periodic update.
LINKS:  [HTML] | [PDF]

Notice 2007-34, 2007-17 I.R.B. – Guidance Regarding the Application of Section 409A to Split-Dollar Life Insurance Arrangements
This notice sets forth guidance regarding the application of section 409A to split-dollar life insurance arrangements. This notice addresses the identification of the types of arrangements subject to section 409A, including the application of the effective date rules under section 409A. This notice also includes guidance on bringing such arrangements into compliance with section 409A, and provides certain related relief under the effective date provisions of the regulations under sections 61 and 7872 addressing split-dollar life insurance arrangements.
LINKS:  [HTML] | [PDF]

Notice 2007-33, 2007-21 I.R.B. – Weighted Average Interest Rates Update
Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for May 2007 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.
LINKS:  [HTML] | [PDF]

Notice 2007-32, 2007-17 I.R.B. 996 – Weighted Average Interest Rates Update
Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for April 2007 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.
LINKS:  [HTML] | [PDF]

Notice 2007-28, 2007-14 I.R.B. 683 - Certain Deduction Limits under the Pension Protection Act of 2006 
Deductibility; contributions; sections 801 and 803 of the Pension Protection Act of 2006. This notice addresses, in question and answer format, the deductibility of certain contributions to qualified defined benefit pension plans under section 404(a)(1) of the Code and the deductibility of certain contributions to a combination of plans under section 404(a)(7).
LINKS:  [HTML] | [PDF]

Notice 2007-27, 2007-13 I.R.B. 814 - Weighted Average Interest Rates Update
Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for March 2007 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.
LINKS:  [HTML] | [PDF]

Notice 2007-20, 2007-09 I.R.B. 610 - Weighted Average Interest Rates Update
Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for February 2007 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.
LINKS:  [HTML] | [PDF]

Notice 2007-18, 2007-09 I.R.B. 608 - Definition of Party and Allocation of Net Income or Proceeds for Purposes of Section 4965
This notice provides guidance under to tax-exempt entities regarding whether they are parties to a prohibited tax shelter transaction. This notice also provides guidance to tax-exempt entities regarding the allocation to various periods of net income or proceeds attributable to a prohibited tax shelter transaction. In addition, the notice invites comments from the public regarding all aspects of these provisions.
LINKS:  [HTML] | [PDF]

Notice 2007-14, 2007-7 I.R.B. 501 - Description of Benefits Permitted to be Provided in Qualified Defined Benefit Plans
Permitted benefits; defined benefit plan. This notice, which is a notice of intent to propose regulations, requests comments regarding the types of benefits permitted to be provided in a qualified defined benefit plan.
LINKS:  [HTML] | [PDF]

Notice 2007-12, 2007-05 I.R.B. 409 - Weighted Average Interest Rates Update
Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for January 2007 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.
LINKS:  [HTML] | [PDF]

Notice 2007-8, 2007-3 I.R.B. 278 - In-Service Benefits Permitted to be Provided at Age 62 by a Pension Plan
In-service distributions; section 905 of Pension Protection Act of 2006; request for comments. This notice states that the Treasury Department and the Service are considering proposing guidance under section 401(a)(36) of the Code, as added by section 905 of the Pension Protection Act of 2006. This notice requests comments on issues presented by section 401(a)(36) with respect to defined benefit plans.
LINKS:  [HTML] | [PDF]

Notice 2007-7, 2007-5 I.R.B. 395 - Miscellaneous Pension Protection Act Changes
Distribution issues; multiple issues; Pension Protection Act of 2006. This notice provides guidance in the form of questions and answers with respect to certain provisions contained in the Pension Protection Act of 2006, Pub. L. No. 109-280 (PPA ’06), that are effective in 2007 or earlier and are primarily related to distributions described in sections 303, 826, 828, 829, 845, 904, 1102, and 1201 of the statute.
LINKS:  [HTML] | [PDF]

Notice 2007-6, 2007-3 I.R.B. 272 - Cash Balance and Other Hybrid Defined Benefit Pension Plans
Cash balance defined benefit pension plans; transition rules; request for comments. This notice announces that the Service is beginning to process determination letter and examination cases that were suspended relating to cash balance and other hybrid defined pension plans. The notice also provides transitional guidance on the requirements of sections 411(a)(13) and 411(b)(5) of the Code as added by section 701(b) of the Pension Protection Act of 2006. In addition, this notice requests comments on certain issues raised by sections 411(a)(13) and 411(b)(5).
LINKS:  [HTML] | [PDF]

Notice 2007-3, 2007-2 I.R.B. 255 - 2006 Cumulative List of Changes in Plan Qualification Requirements
Retirement plans; qualification, list of changes. This notice sets forth a list of changes referred to in Rev. Proc. 2005-66, 2005-2 C.B. 509, pertaining to the statutory, regulatory, and guidance changes needed for certain requests to the Service.
LINKS:  [HTML] | [PDF]

Notice 2006-107, 2006-51 I.R.B. 1114 - Diversification Requirements for Qualified Defined Contribution Plans Holding Publicly Traded Employer Securities
Diversification; transition rules; defined contribution plans. This notice provides transitional rules with respect to the diversification requirements of publicly traded securities for certain defined contribution plans, requests comments on the transitional guidance (as well as comments for regulations), and contains a model notice that employers may give their affected employees.
LINKS:  [HTML] | [PDF]

Terms and Conditions

Please call us with questions at 1-800-837-3112 or email us at esop@esopinsourcing.com

Home First-Class ESOP Experience Consulting and Compliance Administration Solutions ESOP Planning ESOP Jargon About Us Contact Us