regulatory and legislative

IRS Announces Deadline Relief for Mississippi

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line winds, and tornadoes in parts of Mississippi.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

IRA

Defined Benefit Plan

HSA

Retirement Plan Disaster Assistance May Be Available for Illinois

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 15, 2023, for Illinois severe storms and flooding.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

IRA

Defined Benefit Plan

HSA

IRS Issues Yield Curves and Segment Rates for DB Plan Calculations

The IRS has issued Notice 2023-61, which contains updated guidance on defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

Retirement Plan Disaster Assistance May Be Available for Mississippi

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 12, 2023, for Mississippi severe storms, straight-line winds, and tornadoes.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

Retirement Plan Disaster Assistance May Be Available for Montana

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 12, 2023.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

Retirement Plan Disaster Assistance May Be Available for New Jersey

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 11, 2023.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

DOL Releases Updated Davis-Bacon Regulations

The Department of Labor’s (DOL’s) Wage and Hour Division has released a final rule updating the Davis-Bacon and Related Acts Regulations.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Prevailing Wage

Retirement Plan Disaster Assistance May Be Available for Hawaii Wildfires

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 10, 2023, for Hawaii Wildfires.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRA

HSA

PBGC Announces One-Time 4010 Filing Waiver

The Pension Benefit Guaranty Corporation is providing a one-time waiver of the reporting requirement under Section 4010 of ERISA for filers meeting specific criteria.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

Defined Benefit Plan

DOL Requests Reporting and Disclosure Information for SECURE 2.0

The Department of Labor’s Employee Benefits Security Administration has issued a request for information to solicit public input on a number of provisions of SECURE 2.0 that impact ERISA’s reporting and disclosure requirements.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Defined Benefit Plan

SECURE 2.0

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