Hardship Distributions May Be Permitted for West Virginia Storms
FEMA has issued a disaster declaration for severe storms, flooding, landslides, and mudslides in West Virginia.
Hardship Distributions May Be Permitted for South Carolina Hurricane Ian
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.
Additional Form 5500 Guidance Under SECURE Act at OMB
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.”
DOL Releases ESG Final Rule
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.
DOL Releases Updated VFCP
The Department of Labor (DOL) has released a proposed amendment to its Voluntary Fiduciary Protection Program (VFCP).
Retirement Spotlight – Department of Labor Changes “Employee vs. Contractor” Rule
The Department of Labor’s Wage and Hour Division has once again released guidance on the definition of “employee.”
Deadline Relief for Illinois Victims of Severe Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storm and flooding in Illinois.
IRS Announces Applicable Federal Rates for December 2022
The IRS has issued Revenue Ruling 2022-22, which contains the applicable federal rates (AFR) for December 2022.
ESOP Price Protection Payments Bill Introduced in House
Representative Ron Kind (D-WI) and co-sponsor Mike Kelly (R-PA) have introduced HR 9286 to treat certain price protection payments from ESOPs as eligible rollover distributions.
PBGC Extends Comment Period for Withdrawal Liability Proposed Rule
The PBGC is extending the comment period for a proposed rule that would provide interest rate assumptions that may be used by a plan actuary in determining a withdrawing employer’s liability under a multiemployer plan.
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