futureplan erisa team

PBGC Announces 2024 Inflation Adjustments for Civil Penalties

The Pension Benefit Guaranty Corporation has published in the Federal Register inflation-adjusted penalty amounts for failure to provide certain notices or other material information.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

IRS Finalizes Rules for Determining Corporate Bond Yield Curve

The IRS has issued its final rule specifying the methodology used to develop the corporate bond yield curve.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

DOL Announces 2024 Inflation Adjustments for Civil Penalties

The Department of Labor has published in the Federal Register several inflation-adjusted penalty amounts for certain failures associated with qualified retirement plans.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Defined Benefit Plan

DOL Issues Final Rule to Clarify Employee or Independent Contractor Status

The Department of Labor Wage and Hour Division has issued a news release and final rule to clarify whether a worker qualifies as an employee or an independent contractor under the Fair Labor Standards Act.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

Defined Benefit Plan

PBGC Announces Changes to e-Filing Portal

The Pension Benefit Guaranty Corporation has indicated they will launch a new and improved e-Filing Portal on February 1, 2024.

FuturePlan ERISA Team

DOL

Defined Benefit Plan

Defined Contribution Plan

PBGC Issues Comprehensive Premium Filing Instructions for 2024 Plan Years

The Department of Labor’s Pension Benefits Guaranty Corporation has issued the 2024 plan year version of its Comprehensive Premium Filing Instructions.

FuturePlan ERISA Team

DOL

Defined Benefit Plan

Defined Contribution Plan

Roth IRA Rollover Proposal Introduced in House

Representatives Darin LaHood (R-IL), and Linda Sanchez (D-CA) have introduced H.R. 6757.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

Defined Benefit Plan

Retirement Plan Disaster Assistance May Be Available for Utah Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on December 23, 2023, for Utah flooding. 

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Defined Benefit Plan

IRS Announces Deadline Relief for Tennessee Storms and Tornadoes

The IRS has announced the postponement of certain tax-related deadlines for victims of Tennessee storms and tornadoes. 

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Defined Benefit Plan

IRS Issues 2023 Cumulative List of Changes for Drafters of Pre-Approved Defined Contribution Plans

The IRS has issued Notice 2024-3, which contains the 2023 cumulative list of changes in requirements that must be taken into account by drafters of pre-approved defined contribution retirement plan documents for Cycle 4.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

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