The Department of Labor delayed the start of final regulations on disability claims to April 1, 2018, and requested comments from the industry. The regulations change procedural requirements for disability claims under group health and retirement plans.
The IRS eliminated the five-year remedial amendment cycle for individually designed plans and limited determination letter applications to specified circumstances, including initial qualification and plan termination.
An IRS proposed regulation revises the definitions of qualified matching contributions and qualified non-elective contributions. The amendment allows 401(k) plans to use the new rules.
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