Hardship and loan documentation, distributions to foreign persons and IRA reminders

Internal Revenue Service (IRS) sent this bulletin at 04/01/2015 12:29 PM EDT

Employee Plans News

April 1, 2015

Issue Number: 2015-4

Thank you for subscribing to the Employee Plans News.

In this edition of the Employee Plans News:

Plan sponsors
Keep documentation for hardship distributions and plan loans
Retirement plan distributions to foreign persons require withholding
Follow up on the plan corrections you agreed to in your VCP compliance statements
DOL Corner – news from Department of Labor

Plan document help
Apply for a determination letter for your individually designed plan
Tips to expedite the determination letter process
FAQs on reference lists of changes in qualification requirements (new)
Updated 403(b) Listing of Required Modifications sample plan provisions help plan sponsors draft their plans

IRAs
Tax Time Guide: still time to contribute to an IRA for 2014
IRA limits for contributions and deductions
April 1 deadline to take required retirement plan distributions for many retirees who turned 70 ½ in 2014

Updated
SEP Plan Fix-It Guide
Publication 3998, Choosing a Retirement Solution for Your Small Business
Publication 4284, SIMPLE IRA Plan Checksheet
Publication 4285, SEP Plan Checksheet
Publication 4286, SARSEP Checklist
Publication 4334, SIMPLE IRA Plans for Small Businesses
Publication 4484, Choose a Retirement Plan for Employees of Tax Exempt and Government Entities
Publication 4587, Payroll Deduction IRAs
Publication 4806, Profit Sharing Plans for Small Business

If you have a technical or procedural question relating to retirement plans, please visit the EP Customer Account Services page in the Retirement section of the IRS.gov Web site.

If you have a specific concern about your retirement plan, call EP CUSTOMER ACCOUNT SERVICES at 1-877-829-5500.

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Hardship and loan documentation, distributions to foreign persons and IRA reminders

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Issue Number: 2015-4