IRS Issues Yield Curves and Segment Rates for DB Plan Calculations
The Internal Revenue Service has issued Notice 2024-59, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
DOL Launches Online Filing Option for Abandoned Plans
The Department of Labor has launched an online filing system for termination administrators to be able to submit required information for abandoned plans to DOL.
Retirement Plan Disaster Assistance May Be Available for Montana Severe Storm
The Federal Emergency Management Agency issued a Major Disaster Declaration on July 18, 2024, for Montana severe winter storm and flooding.
ERISA Insights – IRS Releases RMD Regulations
The Internal Revenue Service has released final regulations that revise existing regulations applicable to RMDs, eligible rollover distributions, and excess accumulation tax.
IRS Announces Applicable Federal Rates for August
The IRS has issued Revenue Ruling 2024-15, which contains the applicable federal rates (AFR) for August 2024.
Retirement Plan Disaster Assistance May Be Available for Kansas Severe Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on July 15, 2024, for Kansas severe storms, straight-line winds, tornadoes and flooding.
IRS Provides 2024 Electronic Filing Relief for Form 5330
The IRS notes in a new post that electronic filing of Form 5330, Return of Excise Taxes Related to Employee Benefit Plans, will not be required for the remainder of the 2024 taxable year—confirming that taxpayers may continue to file by paper.
Retirement Plan Disaster Assistance May Be Available for New Hampshire Severe Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on July 10, 2024, for New Hampshire severe winter storm and flooding.
Retirement Plan Disaster Assistance May Be Available for Texas Hurricane Beryl
The Federal Emergency Management Agency issued a Major Disaster Declaration on July 9, 2024, for Texas hurricane Beryl.
IRS Announces Deadline Relief for West Virginia Severe Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of West Virginia severe storms, flooding, landslides, and mudslides.
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