Updated Yield Curves and Segment Rates for DB Plans
The Internal Revenue Service has issued Notice 2024-40, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
Disaster Assistance May Be Available for Massachusetts Severe Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on May 15, 2024, for Massachusetts severe storms and flooding.
SEC Releases Cybersecurity Final Rule
The Securities and Exchange Commission has issued a final rule to address cybersecurity risks.
DOL Releases Interim Final Rule for Abandoned Plans
The Department of Labor has issued a regulatory package that includes an interim final rule that amends the regulations for abandoned plans that were initially created in 2006.
IRS Publishes 2025 Mortality Tables for DB Plans
The Internal Revenue Service has released Notice 2024-42, updating the static mortality tables for defined benefit plans for 2025.
Retirement Plan Disaster Assistance May Be Available for Iowa Severe Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on May 14, 2024, for Iowa severe storms and tornadoes.
Resolution Disapproving DOL Fiduciary Rule Announced
Senators Ted Budd (R-NC), Bill Cassidy (R-NC), Roger Marshall (R-KS), and Joe Manchin (D-WV) have announced they are introducing a resolution of congressional disapproval of the Department of Labor’s “Retirement Security Rule.”
CIP Requirements for Registered Investment Advisers Proposed
The Financial Crimes Enforcement Network, Securities and Exchange Commission, and Department of Treasury have jointly issued a proposed rule.
Retirement Plan Disaster Assistance May Be Available for Nebraska Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on May 3, 2024, for Nebraska severe storms, straight-line winds, and tornadoes, for the incident period of April 25, 2024 – April 27, 2024.
IRS Releases FAQs on SECURE 2.0 Disaster Relief
The Internal Revenue Service has released a set of frequently asked questions regarding rules for distributions from retirement plans and individual retirement arrangements (IRAs) under Section 331 of SECURE 2.0 for individuals affected by federally declared major disasters.
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