defined benefit plan

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 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

PBGC Issues Benefits Payable and Allocation Guidance for Single-Employer Plans

The Pension Benefit Guarantee Corporation has issued a final rule updating regulations regarding benefits payable in terminated single-employer plans and allocation of assets in single-employer plans.

FuturePlan ERISA Team

Defined Benefit Plan

DOL

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

PBGC Proposes Modification to Information Collected Under Its Missing Participant Program

The Pension Benefit Guaranty Corporation (PBGC) is requesting from the federal Office of Management and Budget (OMB) the authority to modify its information collection procedures under its missing participants program.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

Defined Benefit Plan

IRS Proposes Rules for Determining Corporate Bond Yield Curve

The IRS has released a proposed rule aimed at specifying the methodology used to develop the corporate bond yield curve.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Updated Yield Curves and Segment Rates for DB Plans

The IRS has issued Notice 2023-48, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

Defined Benefit Plan

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