Defined contribution plan

Regulatory and Legislative

Retirement Spotlight - IRS Releases Final Regulations on Tax Withholding Requirements

These regulations address a payor’s obligation to withhold income taxes when those payments or distributions are made to payees outside of the United States.

December 17 2024

Regulatory and Legislative

IRS Announces Applicable Federal Rates for January

The IRS has issued Revenue Ruling 2025-1, which contains the applicable federal rates (AFR) for January 2025.

December 17 2024

Regulatory and Legislative

2025 Brings More Deferral Opportunities for Employees

Thanks to the SECURE 2.0 Act, certain employees will have more deferral opportunities beginning in 2025. Read on to learn how much employees can contribute to their retirement plan and about the types of deferrals that may be available. 

December 12 2024

Regulatory and Legislative

Retirement Plan Disaster Assistance May Be Available for West Virginia Post-tropical Storm Helene

The Federal Emergency Management Agency issued a Major Disaster Declaration on December 9, 2024, for West Virginia Post-tropical Storm Helene.

December 10 2024

Regulatory and Legislative

IRS Releases Interim Guidance on Inadvertent Benefit Overpayments

The Internal Revenue Service recently issued Notice 2024-77, providing interim guidance on the treatment of “inadvertent benefit overpayments” from defined benefit and defined contribution plans as provided by Section 301 of the SECURE 2.0 Act of 2022.

December 02 2024

Regulatory and Legislative

Retirement Plan Disaster Assistance May Be Available for Kentucky and Washington

The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on November 26, 2024.

November 29 2024

Regulatory and Legislative

Retirement Plan Disaster Assistance May Be Available for Puerto Rico

The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on November 27, 2024.  

November 29 2024

Regulatory and Legislative

DOL’s Final Restated Voluntary Fiduciary Correction Program at OMB

The Office of Management and Budget has received a final rule from the Department of Labor titled “Adoption of Amended and Restated Voluntary Fiduciary Correction Program”.

November 22 2024

Regulatory and Legislative

IRS Provides 403(b) Amendment Cycle Updates

The Internal Revenue Service has announced that it intends to begin issuing opinion letters regarding Cycle 2 pre-approved 403(b) plans, including the 2022 cumulative list of changes in those requirements.

November 22 2024

Regulatory and Legislative

IRS Announces Deadline Relief for Montana Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms and straight-line winds in the Crow Tribe of Montana.

November 21 2024
Scroll to top