Pension Answer Book (The), 2013 Edition

The 2013 Pension Answer Book covers the most recent legislative, regulatory, and case law developments so you're never without the information you need to detect compliance and regulatory issues - ensuring you make the right decisions and avoid potential problems.

The 2013 Pension Answer Book is a library unto itself, probing, explicating, and elucidating the most recent laws, regulations, private rulings, and court decisions that affect retirement plans. The advantages of owning this reference source are apparent after the very first consultation. Don't deny yourself and your clients this valuable research tool.

Exclusive Q & A Format!

The 2013 Pension Answer Book is not only comprehensive in scope, but remarkably accessible, too. Clear, jargon-free language and an efficient question-and-answer format combine to speed your research every time. No wonder it's found on the desks of professionals and academics alike.

Always Up-To-Date...Always Accurate!

Renowned pension expert Stephen J. Krass provides rigorous updates that regularly re-establish this remarkable volume as the definitive work of its kind. No matter what type of defined benefit, defined contribution or combo plan you’re working with, The 2013 Pension Answer Book will give you the up-to-date, reliable answers you need.

The 2013 Pension Answer Book has been fully updated to reflect the changes made by the Revenue Rulings, Revenue Procedures, Notices, Announcements, and Private Letter Rulings issued by IRS, Opinion Letters and Interpretive Bulletins issued by DOL, final and proposed regulations issued by both IRS and DOL, and important case decisions.

Specifically, The 2013 Pension Answer Book discusses:

• Moving Ahead for Progress in the 21st Century Act (MAP 21)
• Retired one day, rehired the next day
• More cases on reasonable compensation
• Leased employee compliance project
• For 2012, increases in the dollar limitation applicable to the annual retirement benefit under a defined benefit plan ($200,000), the annual addition under a defined contribution plan ($50,000), compensation ($250,000), and elective deferrals under 401(k) and 403(b) plans ($17,000)
• Dodd Frank Wall Street Reform and Consumer Protection Act and mortgage loan originators
• Self employed individual's plan contribution deduction
• Updated covered compensation tables
• Minimum funding requirements v. collective bargaining agreements
• More IRS rulings on minimum funding waivers
• IRS proposed regulations concerning elimination of an optional form of benefit
• Court rulings concerning:
  • Anti retaliation provisions of ERISA
  • Anti cutback rule
• IRS revenue ruling concerning profit sharing plan deferred annuity contracts and the survivor annuity benefit requirements
• IRS proposed regulations on bifurcated accrued benefits and qualified longevity annuity contracts
• More rulings on required minimum distributions
• Participant loans and a reasonable rate of interest
• The 10 percent tax on early distributions
• Modifications of the IRS determination letter program
• Forms 5500 and 5500 SF electronic signature requirements
• More on fee and investment expense disclosure requirements for self directed account plans
• DOL guidance to assist multiemployer plans better understand how to avoid prohibited transactions in common leasing arrangements
• IRS modification of procedure concerning missing individuals
• Summary of results of IRS compliance questionnaire sent to 401(k) plan sponsors
• More on employee stock ownership plan (ESOP) stock drop cases
• Multiemployer plan withdrawal liability arbitration decision
• IRAs and bankruptcy
• Impermissible rollovers
• 403(b) plan universal availability requirement and ERISA safe harbor rulings

• Overview
• Types and Choices of Plans
• Highly Compensated Employees
• Requirements for Qualification
• Eligibility and Participation
• Benefit and Contribution Limitations
• Permitted Disparity
• Funding Requirements
• Vesting
• General Distribution Requirements
• Minimum Distribution Requirements
• Tax Deduction Rules
• Taxation of Distributions
• Participant Loans
• Life Insurance and Death Benefits
• 10 Percent Tax on Early Distributions
• Saver's Credit
• Determination Letters
• IRS and DOL Correction Programs
• Operating the Plan
• Reporting to Government Agencies
• Summary Plan Descriptions
• Fiduciary Responsibilities
• Prohibited Transactions
• Termination of the Plan
• Top-Heavy Plans
• 401(k) Plans
• Employee Stock Ownership Plans
• Multiemployer Plans
• Individual Retirement Plans
• Roth IRAs
• Simplified Employee Pensions
• Savings Incentive Match Plans for Employees
• Rollovers
• Tax-Sheltered Annuities
• Qualified Domestic Relations Orders