defined benefit plan

Deadline Relief for Hurricane Idalia in Parts of Georgia

The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Idalia in parts of Georgia.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

IRS Updates Procedures for Exceptions from Certain Electronic Filing Requirements

The IRS has issued Revenue Procedure 2023-31, which addresses requests for undue hardship waiver or administrative exception from the electronic filing requirements. 

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Defined Contribution Plan

PBGC Updates Interest Assumptions for Valuing Benefits for Fourth Quarter 2023

The Pension Benefit Guarantee Corporation (PBGC) has issued a final rule updating interest assumptions.

FuturePlan ERISA Team

Defined Benefit Plan

Retirement Plan Disaster Assistance May Be Available for Wyoming Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 11, 2023, for Wyoming flooding.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRA

Retirement Plan Disaster Assistance May Be Available for Georgia Hurricane Idalia

The Federal Emergency Management Agency issued a disaster declaration on September 7, 2023, for Georgia Hurricane Idalia.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

DOL Sends Fiduciary Rule to OMB

The Department of Labor has sent a proposed rule titled “Retirement Security” to the Office of Management and Budget.

FuturePlan ERISA Team

DOL

IRA

Defined Benefit Plan

Defined Contribution Plan

Several Amendments to ERISA Proposed in House

Several bills have been introduced in the House of Representatives that would make amendments to the Employee Retirement Income Security Act of 1974 (ERISA).

FuturePlan ERISA Team

Legislative updates

Fiduciary Issues

Defined Contribution Plan

Defined Benefit Plan

Deadline Relief for South Carolina Taxpayers Impacted by Idalia

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for victims of Idalia in South Carolina.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

Retirement Plan Disaster Assistance May Be Available for Maine Severe Storm and Flooding

The Federal Emergency Management Agency issued a disaster declaration on September 5, 2023, for Maine severe storm and flooding.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

Retirement Plan Disaster Assistance May Be Available for Tennessee Severe Storms

The Federal Emergency Management Agency issued a disaster declaration on September 4, 2023, for Tennessee severe storms and straight-line winds.

FuturePlan ERISA Team

Defined Contribution Plan

Defined Benefit Plan

IRA

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