regulatory and legislative

IRS Extends Tax Filing Deadlines for Oregon Wildfire Victims

IR-2020-215 announces a tax filing and payment deadline extension for certain persons and businesses affected by recent wildfires and straight-line winds Oregon.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

Washington Pulse: IRS Provides Additional SECURE Act Guidance

IRS Notice 2020-68 provides guidance on the SECURE Act, and on the Bipartisan American Miners Act, which is also part of FCAA.

FuturePlan ERISA Team

Washington Pulse

IRS

SECURE Act

Miners Act

FCAA

Legislation Would Allow Delay of 2020 Retirement Contributions

S. 4539 has been introduced with COVID-19 liability protection for businesses and healthcare providers, a tax credit for employer COVID-19 testing, and several retirement provisions.

FuturePlan ERISA Team

COVID-19

CRD

Legislative updates

Interim Final Rule Published for Lifetime Income Projections

A DOL EBSA interim final rule is published in the Federal Register to guide DC retirement plans that must furnish projections of potential lifetime income streams to participants

FuturePlan ERISA Team

Defined Contribution Plan

DOL

SECURE Act

IRS Posts Updated Yield Curves and Segment Rates for DB Plans

The IRS has posted Notice 2020-72, guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

Defined Benefit Plan

Washington Pulse: PEP Model Evolves with DOL Proposed Registration Guidance

The DOL has issued a proposed rule on registration for pooled plan providers (PPPs), who may begin offering pooled employer plans (PEPs) on January 1, 2021.

FuturePlan ERISA Team

Washington Pulse

DOL

Defined Contribution Plan

Fiduciary Issues

IRS Extends Due Date for Certain DB Plan Excise Taxes

The IRS has postponed the due date for reporting and paying an excise tax that results from a delay in making certain minimum required contributions to single-employer DB pension plans.

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

DOL Revises Emergency Leave Rule Following Court Decision

The DOL has issued a revision and clarification to guidance that implemented emergency paid sick leave and expanded family and medical leave under the Emergency Leave Rule.

FuturePlan ERISA Team

COVID-19

DOL

Health and Welfare

Senate Vote Fails to Advance Next COVID-19 Aid Package

The Delivering Immediate Relief to America’s Families, Schools and Small Businesses Act (S.178), did not receive the votes needed to proceed to a final vote on the package.

FuturePlan ERISA Team

529 account

COVID-19

Defined Contribution Plan

Legislative updates

SECURE Act

PBGC Final Rule Modifies Benefit Assumptions

PBGC has issued a final rule that modifies assumptions for calculating de minimis lump-sum benefits in PBGC-trusteed terminated DB plans.

FuturePlan ERISA Team

Defined Benefit Plan

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