Deadline Relief for Saint Regis Mohawk Tribe Severe Storms and Flooding
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms and flooding in the Saint Regis Mohawk Tribe until February 3, 2025.
DOL Provides Additional Relief for Participants Impacted by Helene and Milton
The Department of Labor has issued additional guidance and further relief for participants of employee benefit plans affected by Hurricanes Helene and Milton.
Prime Interest Rate Decreased to 7.75 Percent
Effective November 8, 2024, the prime interest rate decreased to 7.75 percent.
DOL and Treasury Provide Certain Deadline Relief to Retirement and Health Plans and Participants
The relief period generally corresponds with the IRS’ previously announced tax relief for taxpayers affected by Helene and Milton.
IRS Announces Deadline Relief for Havasupai Tribe in Arizona Flooding
The IRS has announced the postponement of certain tax-related deadlines for victims of flooding in the Havasupai Tribe in Arizona.
Retirement Plan Disaster Assistance May Be Available for Florida Hurricane Milton
The Federal Emergency Management Agency issued a Major Disaster Declaration on November 5, 2024, for Seminole Tribe of Florida Hurricane Milton.
PBGC Updates Maximum Guarantee Table for 2025
The Pension Benefit Guarantee Corporation (PBGC) has updated its table titled, “Present Value of PBGC Maximum Guarantee.
Retirement Plan Disaster Assistance May Be Available in New Mexico and South Dakota
The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on November 1, 2024.
IRS Releases 2025 Cost-of-Living Adjusted Retirement Savings Limitations
The IRS has issued Notice 2024-80, which contains the 2025 cost-of-living increases for qualified retirement plan dollar limitations on benefits and contributions under the Internal Revenue Code (IRC).
Washington Pulse - IRS Releases Guidance for LTPT Employees of ERISA 403(b) Plans
The Internal Revenue Service recently issued Notice 2024-73, providing guidance regarding the participation of long-term, part-time employees in 403(b) plans subject to Title I of the Employee Retirement Income Security Act.
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