FuturePlan Expands Retirement Plan Options with New Employer Aggregated Plan
New Product Diminishes Employer Burdens, Adds Fiduciary Protection
Deadline Relief for Mississippi Severe Storms, Straight-line Winds, and Tornadoes
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line winds, and tornadoes in Mississippi.
Hardship Distributions May Be Permitted for Mississippi Severe Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 26, 2023, for severe storms, straight-line winds, and tornados in Mississippi.
Deadline Relief for New York Severe Winter Storm and Snowstorm
The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms and snowstorms in New York.
Hardship Distributions May Be Permitted for Maine Severe Storm
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 22, 2023, for severe storm and flooding in Maine.
Employer Tax Credits, Part 2
The SECURE 2.0 Act modifies one small-employer credit and creates another. These credits may make establishing and contributing to a plan much more attractive. Ultimately, these credits may make it possible for employers to adopt and run a plan with no out-of-pocket expense for the first few years that a plan is in place.
Prime Interest Rate Increased to 8.00 Percent
Effective March 22, 2023, the prime interest rate increased from 7.75 percent to 8.00 percent.
Hardship Distributions May Be Permitted for Vermont Severe Storm
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 20, 2023, for severe storm and flooding in Vermont.
DOL Reopens Comment Period on Proposed QPAM Exemption
The Department of Labor (DOL) has reopened the comment period for receiving written comments related to prohibited transaction class exemption 84-14 (the Proposed QPAM Amendment) to April 6, 2023.
IRS Provides Indexing for Employer Shared Responsibility Payments
The IRS has issued Revenue Procedure 2023-17 announcing the 2024 indexed adjustments to the amounts used to calculate employer shared responsibility payments.
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