Effective December 14, 2022, the federal prime interest rate increased from 7 percent to 7.50 percent.
The DOL’s EBSA, the IRS, and the PBGC jointly released the 2022 Form 5500, Annual Return/Report of Employee Benefit Plan, and the 2022 Form 5500-SF, Short Form Annual Return/Report of Small Employee Benefit Plan.
The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storm and snowstorm in New York.
Earlier this year, the IRS issued Notice 2022-27, further extending temporary relief from the physical presence requirements for certain elections.
The DOL’s final rule titled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights has been published in the Federal Register.
FEMA has issued a disaster declaration for severe storms, flooding, landslides, and mudslides in West Virginia.
The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for Hurricane Ian in South Carolina, beginning September 25, 2022, and ending October 4, 2022.
The OMB has received a final rule from the DOL titled “Implement SECURE Act and Related Revisions to Employee Benefit Plan Annual Reporting on the Form 5500.”
The Department of Labor (DOL) has announced the release of a final rule to remove barriers in considering environmental, social, and governance (ESG) factors in plan investments.
The Department of Labor (DOL) has released a proposed amendment to its Voluntary Fiduciary Protection Program (VFCP).