News

IRS Updates Deadline Relief for Victims of California Wildfires

The IRS has updated deadline relief for completing certain time-sensitive, tax-related acts for victims of California wildfires that began on August 14, 2020.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

House Passes Revised Pandemic Relief Bill, Disagreements Remain

The House of Representatives has passed a revised version of the HEROES Act estimated at $2.2 trillion to provide pandemic relief.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

COVID-19

SECURE Act

Health and Welfare

Prospects Questionable for New Pandemic Relief Bill

The House of Representatives has released text of a revised COVID-19 pandemic relief bill, expected to be voted on this week before the House recesses for pre-election campaigning.

FuturePlan ERISA Team

Legislative updates

Defined Benefit Plan

Defined Contribution Plan

Default Withholding Rate for Periodic Retirement Plan Distributions

The IRS has issued a pre-publication version of final regulations on the default tax withholding rate to be applied to periodic and annuitized distributions from retirement plans.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Defined Contribution Plan

House Bankruptcy Bill Would Impact Retirement Plans

H.R. 7370, the Protecting Employees and Retirees in Business Bankruptcies Act of 2020, has been introduced by Rep. Jerrold Nadler (D-NY).

FuturePlan ERISA Team

Legislative updates

Defined Benefit Plan

Defined Contribution Plan

Becoming FuturePlan: A Personal Story from One TPA’s Journey

Almost three years ago, our RSI leadership team embarked on a new adventure: selling the firm we built from scratch. We wanted to ensure the future of our partnerships, clients, and talented associates was bright – filled with growth and opportunity.

The Retirement Strategies Inc. Leadership Team

IRS Announces Deadline Relief for Alabama Victims of Hurricane Sally

The IRS has announced an extension of deadlines for completing certain time-sensitive tax-related acts for Alabama victims of Hurricane Sally.

FuturePlan ERISA Team

IRS

Defined Benefit Plan

Defined Contribution Plan

DOL to Clarify Employee or Independent Contractor Status

The DOL has issued a notice of proposed rulemaking to clarify “the definition of ‘employee’ under the FLSA as it relates to independent contractors.”

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Health and Welfare

DOL’s Proposed Rule Solidifies Shareholder’s Rights

On August 31, 2020, the DOL issued a proposed rule to clarify an ERISA fiduciary’s duties related to shareholder rights, including proxy voting on corporate stock.

FuturePlan ERISA Team

Retirement Spotlight

DOL

Defined Benefit Plan

Defined Contribution Plan

Fiduciary Issues

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

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