Employee Benefits Developments For November 2007
Mondaq Business Briefing › United States Law Articles in English (2007)
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Employee Benefits Developments For November 2007
The Internal Revenue Service (IRS) posted to its Web site a sample notice that plan sponsors may use to inform participants about their rights and obligations under the 2006 Pension Protection Act (PPA) "eligible automatic contribution arrangements" (EACAs) and "qualified automatic contribution arrangements" (QACAs). The IRS recently published proposed regulations on EACAs and QACAs, and employers adopting such plans when they first become available in 2008 must furnish a notice to participants at least 30 days before the beginning of each plan year. If applicab...
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