News

Legislation Proposed to Expand Group Health Plan Coverage

The Family Plus Health Care Act of 2022 (H.R. 6508) aims to expand group health plan coverage.

FuturePlan ERISA Team

Health and Welfare

Legislative updates

2022 Cumulative List of Changes for Pre-Approved 403(b) Plans

The IRS has issued Notice 2022-8, which contains the 2022 cumulative list of changes in requirements that must be taken into account by drafters of pre-approved 403(b) retirement plan documents for Cycle 2.

FuturePlan ERISA Team

IRS

IRS Guidance

FuturePlan by Ascensus Appoints Carlo Guerrera Head of Institutional Sales

Experienced Sales Leader Will Expand Institutional Product Pipeline and Industry Partnerships

FuturePlan

Corporate Culture

Updated Yield Curves and Segment Rates for DB Plans

The IRS has issued Notice 2022-7, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

PBGC’s 2022 Inflation Adjustments for Civil Penalties

The PBGC has published inflation-adjusted penalty amounts for failure to provide certain notices or other material information.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Issues Deadline Relief for Tennessee Storm Victims

The IRS postpones certain tax-related deadlines for Tennessee storm victims.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

HSA

Defined Contribution Plan

IRS Announces Applicable Federal Rates for February 2022

The IRS has issued the applicable federal rates for February 2022.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

IRS Guidance on SEPPs from QRPs

IRS’s guidance on whether periodic payments from an individual account under a qualified retirement plan are considered a series of substantially equal periodic payments.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

New Retirement Payment Withholding Procedure is (Finally) Final

Tax payers and individuals will have a new process for calculating and electing federal income tax withholding on retirement distributions.

FuturePlan ERISA Team

IRS

IRS Guidance

Washington Pulse

IRA

Defined Contribution Plan

DOL Announces 2022 Inflation Adjustments for Civil Penalties

The DOL has published several inflation-adjusted penalty amounts for certain failures associated with qualified retirement plans.

FuturePlan ERISA Team

DOL

Qualified Retirement Plan

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