Retirement Benefits

New and Updated

• Type:

  Letters and Forms

  Medicare Part D Disclosure to CMS Form

  Entities that provide prescription drug coverage to Medicare Part D-eligible individuals must disclose to the Centers for Medicare and Medicaid Services (CMS) whether coverage is "creditable prescription drug coverage."

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  Posters and Notices

  Medicare Part D Creditable Coverage Notice

  Entities that provide prescription drug coverage to Medicare Part D-eligible individuals must disclose to those individuals whether their drug coverage is creditable or noncreditable prior to October 15 each year, when an individual joins the plan and upon the individual's request.

• Type:

  Legal Timetable

  Maryland Enacts Small Business Retirement Savings Program

  Updated to reflect the enactment of legislation creating the Maryland Small Business Retirement Savings Program, effective July 1, 2016.  

• Type:

  Legal Timetable

  IRS to Stop Issuing Off-Cycle Qualified Retirement Plan Determination Letters

• Type:

  FAQs

  If an employee stops making contributions to a 401(k) plan while on sabbatical, may the employer stop making contributions during this time also?

• Type:

  Legal Timetable

  Additional Medicare Tax Rate to Apply to Certain Employees; Social Security Tax Rate to Increase

• Type:

  Letters and Forms

  IRS Form 1099-SA, Distributions From an HSA, Archer MSA or Medicare Advantage MSA

  As mandated by the Internal Revenue Service, employers must file Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA, to report distributions made from such savings accounts.

• Type:

  Letters and Forms

  IRS Form 3921, Exercise of an Incentive Stock Option Under Section 422(b)

  As mandated by the Internal Revenue Service, every employer that is organized as a corporation that transfers stock to any person upon the exercise of an incentive stock option must file Form 3921, Exercise of an Incentive Stock Option Under Section 422(b), on an annual basis.

• Type:

  Letters and Forms

  IRS 3922 Form, Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c)

  As mandated by the Internal Revenue Service, every employer that is organized as a corporation, and that records or has its agent record the first transfer of legal title to shares of stock acquired by employees upon the exercise of options granted under an employee stock purchase plan must file Form 3922, Transfer of Stock Acquired Through An Employee Stock Purchase Plan Under Section 423(c), on an annual basis.

• Type:

  Letters and Forms

  IRS Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments

  As mandated by the Internal Revenue Service, pension or annuity recipients file Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments, with pension payers to indicate the desired amount to be withheld from the pension or annuity distribution.