irs guidance

IRS Announces Applicable Federal Rates for February

The IRS has issued Revenue Ruling 2024-03, which contains the applicable federal rates (AFR) for February 2024.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

Updated Yield Curves and Segment Rates for DB Plans

The Internal Revenue Service has issued Notice 2024-21, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

IRS Finalizes Rules for Determining Corporate Bond Yield Curve

The IRS has issued its final rule specifying the methodology used to develop the corporate bond yield curve.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Retirement Plan Disaster Assistance May Be Available for Utah Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on December 23, 2023, for Utah flooding. 

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Defined Benefit Plan

IRS Announces Deadline Relief for Tennessee Storms and Tornadoes

The IRS has announced the postponement of certain tax-related deadlines for victims of Tennessee storms and tornadoes. 

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Defined Benefit Plan

IRS Issues 2023 Cumulative List of Changes for Drafters of Pre-Approved Defined Contribution Plans

The IRS has issued Notice 2024-3, which contains the 2023 cumulative list of changes in requirements that must be taken into account by drafters of pre-approved defined contribution retirement plan documents for Cycle 4.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRS Issues SECURE 2.0 Guidance

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

FuturePlan ERISA Team

SECURE 2.0

IRS

IRS Guidance

Defined Contribution Plan

IRA

IRS Provides 2024 Covered Compensation Tables Used in DB Plans

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

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

IRS Announces Applicable Federal Rates for January 2024

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

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

Updated Yield Curves and Segment Rates for DB Plans

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.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

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