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Tax Cuts & Jobs Act – Impact on Retirement Plans

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David Torrillo
Thursday, December, 21, 2017 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b), Uncategorized
Below are the key retirement plan provisions under the Tax Cuts & Jobs Act, per Thomson Reuters Tax & Accounting, Checkpoint Special Study on Pension and Benefit Changes in the “Tax Cuts and Jobs Act.” Read More
401(k)403(b)IRSretirement savings

IRS Updates Mortality Improvement Rates & Static Mortality Tables for DB Plans

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David Torrillo
Friday, December, 15, 2017 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases
In Notice 2018-2, IRS has provided updated mortality improvement rates and static mortality tables to be used for defined benefit (DB) pension plans under Code Sec. 430(h)(3)(A) and §303(h)(3)(A) of the Employee Retirement Income Security Act of 1974 (ERISA), which apply for purposes of calculating the funding target and other items for valuation dates occurring
Defined Benefit PlansERISAIRSPension Plans

Steps Plans Must Take When They Cannot Locate Participants

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David Torrillo
Friday, November, 03, 2017 / Published in Employee Benefit Plans, Forms and Procedures, Retirement - 401(k), 403(b)
The IRS’s Tax Exempt and Government Entities Division has issued a memo in which it instructs its examiners not to challenge a qualified plan that can’t locate a retired participant, for failing to meet the required minimum distribution (RMD) standards, if the plan meets certain requirements. Read More
401(k)403(b)Enforcement prioritiesIRS

IRS Announces 2018 Pension Plan Limitations; 401(k) Contribution Limit Increases to $18,500 for 2018

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David Torrillo
Thursday, October, 19, 2017 / Published in Employee Benefit Plans, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
The Internal Revenue Service recently announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2018, including that the 401(k) contribution limit increases to $18,500 for 2018.  Read More
401(k)403(b)Defined Benefit PlansIRSPension Plansretirement savings

Mortality Tables for Pension Plans Updated for 2018

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David Torrillo
Thursday, October, 05, 2017 / Published in Employee Benefit Plans, News and Press Releases, Policy Updates
Pension plans for funding purposes are required to use prescribed mortality tables by the IRS. As expected, these were recently updated by the IRS and will be in effect for 2018. Read More
Defined Benefit PlansIRSPension Plans

Disaster Tax Relief for Retirement Plans

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David Torrillo
Tuesday, October, 03, 2017 / Published in Employee Benefit Plans, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
President Trump signed into law H.R. 3823, the “Disaster Tax Relief and Airport and Airway Extension Act of 2017”, which delivers temporary tax relief for retirement plans as well as other tax relief to the victims of Hurricanes Harvey, Irma, and Maria while reauthorizing the Federal Aviation Administration (FAA) for six months. Read More
401(k)403(b)IRSretirement savings

Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Irma & Harvey

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David Torrillo
Wednesday, August, 30, 2017 / Published in Employee Benefit Plans, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
The Internal Revenue Service announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Irma and Harvey and members of their families. This is similar to relief provided last year to Louisiana flood victims and victims of Hurricane Matthew. Read More
401(k)403(b)IRS
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  • Employee Benefit Plans
  • Forms and Procedures
  • News and Press Releases
  • Policy Updates
  • Retirement – 401(k), 403(b)
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Torrillo & Associates, LLC specializes in employee benefit plan audits, 401k audits, 403b audits, pension plan audits, and retirement plan audits. We are licensed in 7 states including New York, New Jersey, and Pennsylvania.  With firm mobility, we are also able to practice in an additional 27 states.

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Glen Mills, PA 19342

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