Retirement Plan Disaster Assistance May Be Available for West Virginia
The Federal Emergency Management Agency issued a Major Disaster Declaration on May 22, 2024, for West Virginia severe storms, straight-line winds, tornadoes, flooding, landslides, and mudslides.
DOL Releases Final Investment Advice Fiduciary Rule
The Department of Labor recently released a regulatory package that includes a final amendment (the Retirement Security Rule) to the regulations that define what constitutes an investment advice fiduciary.
Disaster Assistance May Be Available for Texas Severe Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on May 17, 2024, for Texas severe storms, straight-line winds, tornadoes, and flooding.
IRS Announces Deadline Relief for Iowa Severe Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of Iowa severe storms and tornadoes.
Updated Yield Curves and Segment Rates for DB Plans
The Internal Revenue Service has issued Notice 2024-40, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
DOL Releases Interim Final Rule for Abandoned Plans
The Department of Labor has issued a regulatory package that includes an interim final rule that amends the regulations for abandoned plans that were initially created in 2006.
IRS Publishes 2025 Mortality Tables for DB Plans
The Internal Revenue Service has released Notice 2024-42, updating the static mortality tables for defined benefit plans for 2025.
DOL Releases Final Fiduciary Rule for Investment Advisors
The Department of Labor (DOL) has released a final rule updating the definition of an investment advice fiduciary under ERISA.
DOL Amendment to Abandoned Plan Program Has Left OMB
Department of Labor guidance titled “Amendment of Abandoned Plan Program” that has been with the Office of Management and Budget since last July, has left OMB.
How IRS Notice 2024-35 Affects Beneficiaries
IRS Notice 2024-35 states that final RMD regulations, when released, are anticipated to apply no earlier than the 2025 distribution calendar year.
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