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.
Employer Plan Tax Credits for Small Nonprofits Proposed
Senators James Lankford (R-OK) and Catherine Cortez Masto (D-NV) have introduced the Small Nonprofit Retirement Security Act.
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.
IRS Issues Request for Information on Saver’s Match
The IRS has issued Notice 2024-65 requesting comments on implementation of sections 103 and 104 of SECURE 2.0 regarding the Saver’s Match contributions and the Treasury Department’s obligations to promote the new Saver’s Match.
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 Announces Deadline Relief for South Dakota Severe Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line-winds, and flooding in South Dakota.
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