News

The IRS has released Notice 2024-2, Miscellaneous Changes Under the SECURE 2.0 Act of 2022.

The IRS has released final regulations that provide de minimis error safe harbor exceptions to penalties for failure to file correct information returns or furnish correct payee statements.

FuturePlan has announced the appointment of a new Regional Vice President, Nick Kennedy, to the FuturePlan team. 

The IRS has issued Revenue Ruling 2024-1, containing the covered compensation tables for the 2024 plan year.

The IRS has issued Revenue Ruling 2024-02, which contains the applicable federal rates (AFR) for January 2024.

The IRS has issued Notice 2024-04, which contains updated guidance on factors used in certain DB pension plan minimum funding and present value calculations.

The Federal Emergency Management Agency issued a disaster declaration on December 13, 2023, for Tennessee severe storms and tornadoes, for the incident period of December 9, 2023.

Two Department of Labor (DOL) regulatory actions have been removed from the Office of Management and Budget’s list for review.

The Internal Revenue Service has released a proposed regulation reflecting statutory changes related to long-term, part-time  employees made by the SECURE Act of 2019 (SECURE Act) and the SECURE 2.0 Act of 2022 (SECURE 2.0).

The Office of Management and Budget has received a proposed rule from the Department of Labor titled “Exemption for Certain Automatic Portability Transactions”.