The Obama administration observed Labor Day by rolling out a batch of notices and rulings intended to improve worker access to retirement savings programs.
The U.S. Treasury Department has issued several sample amendments, designed to simplify the process employers must follow when adding automatic enrollment options to 401(k) and SIMPLE IRA plans.
The department has also weighed in on the rules that apply to governmental retirement plans.
The department has posted safe harbor explanations that can be given to recipients of eligible rollover distributions from an employer plan at http://www.irs.gov/pub/irs-drop/n-09-68.pdf.
The department has posted guidance concerning use of automatic contribution increase features at http://www.irs.gov/pub/irs-drop/rr-09-30.pdf.
Final regulations concerning “reasonable good faith interpretation of required minimum distribution rules by governmental plans” are available at http://edocket.access.gpo.gov/2009/pdf/E9-21453.pdf.
Guidance on administration of paid time off contributions at termination of employment is posted at http://www.irs.gov/pub/irs-drop/rr-09-32.pdf.