IRS and DOL Release Guidance for PLESA Provisions
While SECURE 2.0 provided the basic framework to establish PLESAs, the IRS was required to issue regulations to address remedies that employers can use to prevent misuse of these types of accounts.
Retirement Plan Disaster Assistance May Be Available for Oklahoma Severe Storm Victims
The Federal Emergency Management Agency issued a disaster declaration on April 30, 2024, for Oklahoma Severe Storms.
Retirement Plan Disaster Assistance May Be Available for Kansas Winter Storm
The Federal Emergency Management Agency issued a disaster declaration on April 28, 2024, for a Kansas Winter Storm, for the incident period of January 8, 2024 – January 16, 2024.
Retirement Plan Disaster Assistance May Be Available for Washington Storms
The Federal Emergency Management Agency issued a disaster declaration on April 28, 2024, for Washington severe winter storms, straight-line winds, flooding, landslides, and mudslides.
DOL Releases Final Fiduciary Rule for Investment Advisors
The Department of Labor (DOL) has released a final rule updating the definition of an investment advice fiduciary under ERISA.
Disaster Assistance May Be Available for California Severe Winter Storm
The Federal Emergency Management Agency issued a disaster declaration on April 19, 2024, for California severe winter storm.
Disaster Assistance May Be Available for California Severe Storms and Flooding
The Federal Emergency Management Agency issued a disaster declaration on April 19, 2024, for California severe storms and flooding.
Disaster Assistance May Be Available for New Hampshire Severe Storms and Flooding
The Federal Emergency Management Agency issued a disaster declaration on April 19, 2024, for New Hampshire severe storms and flooding.
Retirement Plan Disaster Assistance May Be Available for Vermont Severe Winter Storm
The Federal Emergency Management Agency issued a disaster declaration on April 19, 2024, for a Vermont severe winter storm.
DOL Amendment to Abandoned Plan Program Has Left OMB
Department of Labor guidance titled “Amendment of Abandoned Plan Program” that has been with the Office of Management and Budget since last July, has left OMB.
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