News

DOL to Reopen Comment Period for Proposed Prohibited Transaction Procedure

The DOL has announced a public hearing scheduled for September 15, 2022.

FuturePlan ERISA Team

DOL

Legislative updates

IRS Announces Applicable Federal Rates for September 2022

The IRS has issued Revenue Ruling 2022-17, which contains the applicable federal rates (AFR) for September 2022.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

IRS Final Rule on Electronic Filing Requirements at OMB

The Office of Management and Budget has received a final rule from the IRS titled “Electronically Filed Returns”.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

HSA

IRS Issues Deadline Relief for Missouri Storm Victims

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms and flooding in Missouri.

FuturePlan ERISA Team

IRS

Retirement Protection Act Proposed in House

Representatives David Schwikert (R-AZ) and Byron Donalds (R-FL) have introduced H.R. 8579, the Retirement Protection Act.

FuturePlan ERISA Team

Legislative updates

Proxy Vote Changes for Index Funds Proposed in House

Representatives Bill Huizenga (R-MI) and Blaine Luetkemeyer (R-MO) have introduced HR 8521, the Investor Democracy is Expected (INDEX) Act.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

IRS Extends Remedial Amendment Period for SECURE Act

The IRS issued Notice 2022-33 which extends the deadline for amendments to retirement plans and IRAs to adopt provisions enacted under the SECURE Act, the Miners Act, and some provisions under the CARES Act.

FuturePlan ERISA Team

IRS Guidance

Legislative updates

Deadline Relief for Island of St. Croix, U.S. VI

The IRS has announced the postponement of certain tax-related deadlines for victims of a water shortage and health impact from unprecedented sargassum seagrass influx on the island of St. Croix, U.S. Virgin Islands.

FuturePlan ERISA Team

IRA

IRS

Defined Contribution Plan

Another Cryptocurrency Proposal Introduced in Senate

Senators Debbie Stabenow (D-MI), and John Boozman (R-AR), along with Senators Cory Booker (D-NJ) and John Thune (R-SD), have introduced the “Digital Commodities Consumer Protection Act.”

FuturePlan ERISA Team

Legislative updates

Additional ACA FAQs Released

The Departments of Labor, Health and Human Services and Treasury issued a joint FAQ related to the coverage of contraceptive products as preventive services by group health plans or issuers.

FuturePlan ERISA Team

DOL

HSA

Healthcare Reform

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