PBGC Updates Expected Retirement Table for 2023
The new table is effective January 1, 2023.
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 storm and snowstorm in New York.
Physical Presence Relief for Retirement Plan Consents Set to Expire
Earlier this year, the IRS issued Notice 2022-27, further extending temporary relief from the physical presence requirements for certain elections.
ESG Final Rule Published in Federal Register
The DOL’s final rule titled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights has been published in the Federal Register.
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.
Bill Proposed to Amend Family Attribution Rules
Senator Mark Kelly (D-AZ) and co-sponsor Senator Bill Cassidy (R-LA) have introduced S. 5125 the Family Attribution Modernization Act.
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 ESG Final Rule Has Left OMB
A final rule titled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights submitted by the Department of Labor has left the Office of Management and Budget.
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