Yes, the IRS has extensive information that addresses retirement plans. The IRS provides various publications that cover different types of retirement plans, including 403(b) plans, Individual Retirement Arrangements (IRAs), Simplified Employee Pensions (SEPs), Savings Incentive Match Plans for Employees (SIMPLE), and 401(k) plans.
- Publication 571 (1/2024): This publication focuses on Tax-Sheltered Annuity Plans (403(b) Plans) for employees of public schools and certain tax-exempt organizations. It helps users understand the tax rules applicable to 403(b) plans, which include annuity contracts and custodial accounts invested in mutual funds.
- Publication 1518 (11/2012): This publication provides information on various retirement plans such as IRAs, SEP plans, SIMPLE plans, and 401(k) plans. It explains the eligibility, contribution limits, and tax benefits associated with each type of plan.
- Publication 4674 (11/2020): This publication is a guide for small businesses on setting up automatic enrollment 401(k) plans. It includes steps for adopting a written plan document, arranging a trust for the plan’s assets, developing a recordkeeping system, and providing plan information to employees. It also discusses eligible automatic contribution arrangements (EACAs) and qualified automatic contribution arrangements (QACAs).
- Publication 910 (2022): This publication references Publication 560, which provides guidance on retirement plans available to small businesses, including SEPs, qualified plans, and SIMPLE retirement plans.
- Publication 4222 (2019): This publication is a joint project of the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the IRS, focusing on 401(k) plans for small businesses.
Additionally, the IRS offers resources such as the IRS Interactive Tax Assistant and FAQs on retirement plans to help individuals and businesses with their specific questions regarding retirement plans.
Sources:
Publication 571 (1/2024)
Publication 910
Publication 1518 (11/2012)
Publication 4674 (11/2020)
Publication 4222 (2019)
