FuturePlan ERISA Team

The IRS has issued Revenue Ruling 2025-10 which contains the applicable federal rates for May 2025. 

Representative Haley Stevens (D-MI) has introduced H.R. 2748, the First Time Homeowner Savings Plan Act as part of a suite of proposals aimed at addressing housing costs for families. 

Representatives Adrian Smith (R-NE) and Jimmy Panetta (D-CA) have introduced the IRA Charitable Rollover Facilitation and Enhancement Act. 

The Internal Revenue Service has issued Notice 2025-21, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations. 

The IRS has announced the postponement of certain tax-related deadlines for victims of Arkansas storms until November 3, 2025. 

Effective April 1, 2025, the maximum aggregate bankruptcy exemption amount for IRAs increased from $1,512,350 to $1,711,975. 

The Federal Emergency Management Agency issued a Major Disaster Declaration on April 4, 2025, for Virginia severe winter storms and flooding. 

Representative Byron Donalds (R-FL) has introduced H.R. 2544, the Financial Freedom Act. 

The Department of Labor has issued Field Assistance Bulletin 2025-02 and accompanying single employer and multiemployer model notices updating notice requirements for defined benefit plans pursuant to Section 343 of SECURE 2.0. 

The Pension Benefit Guarantee Corporation has issued a final rule updating interest assumptions.