Disaster Assistance May Be Available for Maine Severe Storm and Flooding
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on July 6, 2023, for Maine severe storm and flooding.
Disaster Assistance May Be Available for South Dakota Flooding
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on July 6, 2023, for South Dakota flooding.
Disaster Assistance May Be Available for North Dakota Flooding
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on July 5, 2023, for North Dakota flooding.
PBGC Proposes Modification to Information Collected Under Its Missing Participant Program
The Pension Benefit Guaranty Corporation (PBGC) is requesting from the federal Office of Management and Budget (OMB) the authority to modify its information collection procedures under its missing participants program.
Proposed Regulations Govern Making Participant Elections and Spousal Consents Electronically
Responding to numerous requests to make the temporary provisions permanent, the IRS issued proposed regulations.
IRS Posts Additional Instructions for Benefit Plan Determinations
The IRS has released updated Instructions for Form 5307, Application for Determination for Adopters of Modified Nonstandardized Pre-Approved Plans.
Proposal Allowing CITs in 403(b) Plans Passes out of Committee
A bill introduced by Representative Frank Lucas (R-OK) was approved by the House Financial Services Committee with bipartisan support by a vote of 35-12.
403(b) Plan Determination Program Opens June 1
The IRS provided a reminder in the May 24, 2023, edition of Employee Plans News that beginning June 1, 2023.
IRS Provides EPCRS Guidance Related to SECURE 2.0
The IRS has issued Notice 2023-43 to address questions and provide interim guidance related to Section 305 of SECURE 2.0.
Congressional Leaders Inform Treasury on SECURE 2.0 Technical Fixes
Congressional leadership from the House Committee on Ways and Means and the Senate Committee on Finance have sent a letter to officials at the Treasury Department.
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