Retirement Plan Disaster Assistance May Be Available for Iowa Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on June 24, 2024, for Iowa severe storms, flooding, straight-line-winds, and tornadoes.
IRS Releases Guidance on Certain SECURE 2.0 Penalty Tax Exceptions
The IRS has issued Notice 2024-55, providing guidance on emergency personal expense distributions and domestic abuse victim distributions that are effective after December 31, 2023 under SECURE 2.0.
Retirement Plan Disaster Assistance May Be Available for Florida Severe Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on June 17, 2024, for Florida severe storms, straight-line winds, and tornadoes.
Retirement Plan Disaster Assistance May Be Available for Tennessee Severe Weather
The Federal Emergency Management Agency issued a Major Disaster Declaration on June 17, 2024, for Tennessee severe weather and tornadoes.
Retirement Plan Disaster Assistance May Be Available for Hawaii Severe Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on June 17, 2024, for Hawaii severe storms, flooding, and landslides.
IRS Issues Yield Curves and Segment Rates for DB Plan Calculations
The Internal Revenue Service has issued Notice 2024-53, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
IRS Announces Applicable Federal Rates for July
The IRS has issued Revenue Ruling 2024-13, which contains the applicable federal rates (AFR) for July 2024.
Retirement Plan Disaster Assistance May Be Available for Oklahoma Storm Victims
The Federal Emergency Management Agency issued a Major Disaster Declaration on June 14, 2024, for Oklahoma severe storms, straight-line-winds, tornadoes and flooding.
Student Loan Repayments and Matching Contributions
Employers may now treat an employee’s qualified student loan payments like elective deferrals or after-tax contributions for purposes of providing an employer matching contribution.
Retirement Plan Disaster Assistance May Be Available for Idaho Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on June 10, 2024, for Idaho severe storms, flooding, landslides and mudslides.
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