ira

Retirement Plan Disaster Assistance May Be Available for Minnesota Severe Storms

The Federal Emergency Management Agency issued a disaster declaration on July 19, 2023, for severe storms and flooding in Minnesota.

FuturePlan ERISA Team

Defined Contribution Plan

Defined Benefit Plan

IRA

HSA

Retirement Plan Disaster Assistance May Be Available for Oklahoma Severe Storms

The Federal Emergency Management Agency issued a disaster declaration on July 19, 2023, for severe storms, straight-line winds, and tornadoes in Oklahoma.

FuturePlan ERISA Team

Defined Contribution Plan

Defined Benefit Plan

IRA

HSA

IRS Issues Interim Guidance on Plan Corrections under SECURE 2.0 Act

The SECURE 2.0 Act of 2022, provisions affecting the Employee Plans Compliance Resolution System support the IRS trend toward shifting certain types of retirement account corrections to the Self Correction Program.

FuturePlan ERISA Team

IRS

IRS Guidance

Retirement Spotlight

Defined Contribution Plan

IRA

SECURE 2.0

IRS Announces Deadline Relief for Vermont Flooding

The IRS has announced the postponement of certain tax-related deadlines for victims of flooding in Vermont.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

IRS Provides Additional RMD Transition Relief Under SECURE, SECURE 2.0

The IRS has issued Notice 2023-54 to provide transition relief for required minimum distributions in connection with the change in required beginning date to age 73 under SECURE 2.0, and guidance for certain specified RMDs for 2023.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

SECURE 2.0

SECURE Act

Disaster Assistance May Be Available for Maine Severe Storm and Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on July 6, 2023, for Maine severe storm and flooding.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRA

HSA

Disaster Assistance May Be Available for South Dakota Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on July 6, 2023, for South Dakota flooding.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRA

HSA

Disaster Assistance May Be Available for North Dakota Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on July 5, 2023, for North Dakota flooding.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRA

HSA

Retirement Plan Disaster Assistance May Be Available for California Severe Storm and Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on May 25, 2023, for a California severe storm and flooding.

FuturePlan ERISA Team

Legislative updates

Defined Benefit Plan

IRA

IRS Provides EPCRS Guidance Related to SECURE 2.0

The IRS has issued Notice 2023-43 to address questions and provide interim guidance related to Section 305 of SECURE 2.0.

FuturePlan ERISA Team

IRS

IRS Guidance

SECURE 2.0

Defined Contribution Plan

IRA

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