DOL Clarifies Cybersecurity Guidance
The Department of Labor has issued a compliance assistance release clarifying that cybersecurity guidance issued in April 2021 applies to all types of ERISA plans.
IRS Announces Deadline Relief for New York Severe Storms
The Internal Revenue Service has announced the postponement of certain tax-related deadlines for victims of severe storms and flooding in New York.
IRS PLR Grants Additional Flexibility for Employer Contributions
A private letter ruling issued by the Internal Revenue Service allows the inquiring taxpayer to offer a discretionary employer contribution.
IRS Announces Deadline Relief for Connecticut Severe Storms
The Internal Revenue Service has announced the postponement of certain tax-related deadlines for victims of severe storms, flooding, landslides and mudslides in Connecticut.
SECURE 2.0 May Impact How Businesses Complete Forms W-2
The IRS has released a fact sheet informing employers that adopting certain plan provisions will impact how certain amounts are reported on Form W-2, Wage and Tax Statement.
Retirement Plan Disaster Assistance May Be Available for New York Severe Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on August 29, 2024, for New York severe storms, tornadoes, and flooding.
Retirement Plan Disaster Assistance May Be Available for Montana Straight-Line Winds
The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on August 23, 2024.
IRS Issues Yield Curves and Segment Rates for DB Plan Calculations
The Internal Revenue Service has issued Notice 2024-62, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
PBGC Issues Yield Curve for ERISA 4044 Calculations
The Pension Benefit Guaranty Corporation (PBGC) has released its first yield curve issued for ERISA 4044 calculations.
IRS Announces Applicable Federal Rates for September
The IRS has issued Revenue Ruling 2024-17 which contains the applicable federal rates (AFR) for September 2024.
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