regulatory updates

Deadline Relief for Louisiana Storm Victims

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Louisiana victims of severe storms and flooding.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

Final Regulations for Deadline Postponements Related to Disasters

The IRS has released final regulations regarding the mandatory 60-day postponement of deadlines for certain time-sensitive, tax-related acts in circumstances of federally declared disasters.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS

IRS Guidance

Enhancing Emergency and Retirement Savings Act Introduced

The legislation would provide a penalty-free “emergency personal expense distribution” option from employer-sponsored retirement plans and IRAs.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

Legislative updates

Deadline Relief for West Virginia Storm Victims

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for West Virginia victims of severe storms, straight-line winds, tornadoes and flooding.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

IRS Issues Revised 2020 Publication 590-B

The IRS has issued a revised 2020 Publication 590-B intended to clarify the application of required minimum distribution (RMD) rules under the SECURE Act. 

FuturePlan ERISA Team

IRA

IRS Guidance

SECURE Act

Legislation Would Provide Legal Certainty Regarding ESG Factors

Last week, Senators Tina Smith and Patty Murray introduced the Financial Factors in Selecting Retirement Plan Investment Act.

FuturePlan ERISA Team

Retirement

Employer

Executive Order Includes Review of ESG Factors

Last week, President Biden issued an Executive Order on Climate-Related Financial Risk.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Fiduciary Issues

Retirement Security and Savings Act Re-Introduced

Senators Rob Portman (R-OH), and Ben Cardin (D-MD), have introduced the Retirement Security and Savings Act of 2021, legislation that was last introduced in 2019.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

IRA

Legislative updates

SECURE Act

Smaller Sequel to SECURE Act Re-Introduced in Senate

Senator Charles Grassley (R-IA), along with co-sponsors Maggie Hassan (D-NH) and James Lankford (R-OK), have re-introduced the Improving Access to Retirement Savings Act.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

SECURE Act

IRS Posts Updated DB Plan Yield Curves and Segment Rates

The IRS has issued Notice 2021-33, which contains updated guidance on defined benefit (DB) pension plan minimum funding and present value calculations. 

FuturePlan ERISA Team

IRS

Defined Benefit Plan

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