ira

Deadline Relief for Island of St. Croix, U.S. VI

The IRS has announced the postponement of certain tax-related deadlines for victims of a water shortage and health impact from unprecedented sargassum seagrass influx on the island of St. Croix, U.S. Virgin Islands.

FuturePlan ERISA Team

IRA

IRS

Defined Contribution Plan

Temporary Waiver of RMDs Proposed in House

Representative Warren Davidson (R-OH) has introduced HR 8331, a bill that would provide for a suspension of RMDs from retirement plans and IRAs for the 2022 calendar year.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

Proposed Amendment for QPAM Exemptions Has Left OMB

A Proposed Rule titled “Proposed Amendment to PTE 84-14 for Plan Asset Transactions Determined by an Independent Qualified Plan Asset Manager” (QPAM) has left the Office of Management and Budget.

FuturePlan ERISA Team

DOL

IRA

HSA

Defined Contribution Plan

Senate Finance Committee Advances EARN Act

The Senate Finance Committee conducted a hearing today to consider the Enhancing American Retirement Now (EARN) Act.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

Legislative updates

IRS Relief for New Mexico Wildfire and Wind Victims

The IRS announced the postponement of certain tax-related deadlines for victims of wildfires and straight-line winds in New Mexico.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRA

IRS Releases Revised 2021 Publication 590-B

The IRS has issued a revised 2021 Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).

FuturePlan ERISA Team

IRA

IRS

DOL Launches Roundtable Discussions on Retirement

The Department of Labor (DOL) has kicked off what is to be a series of roundtable discussions on how to improve retirement security for workers.

FuturePlan ERISA Team

Defined Contribution Plan

Defined Benefit Plan

IRA

IRA Bankruptcy Exemption Increases

Effective April 1, 2022, the maximum aggregate bankruptcy exemption amount for IRAs increased from $1,362,800 to $1,512,350.

FuturePlan ERISA Team

IRA

IRS Announces Applicable Federal Rates for May 2022

The IRS has issued Revenue Ruling 2022-9, which contains the applicable federal rates (AFR) for May 2022.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

U.S. House Passes Significant Retirement Bill

The U.S. House of Representatives passed the Securing a Strong Retirement Act of 2022 (SSRA) by a 414-5 vote on March 29, 2022.

FuturePlan ERISA Team

Legislative updates

SECURE Act

IRA

Defined Contribution Plan

Defined Benefit Plan

DOL

ESOP

Washington Pulse

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