News

IRS Issues Deadline Relief for Texas Victims of Winter Storms

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Texas winter storm victims. 

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

New Withholding Form to Be Used for 2022

The IRS has made available a 2022 tax year draft Form W-4P and indicates that the form will be split into two forms. 

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

IRS Details Additional Temporary Guidance for Cafeteria Plans

The IRS has issued Notice 2021-15, providing additional guidance and flexibility to employee benefit plans offering health FSA and dependent care arrangements. 

FuturePlan ERISA Team

IRS

IRS Guidance

HSA

Notices for 2019 Forms 5500 Series Extension Approvals

The IRS has announced that processing requests for an extension of time to file 2019 Forms 5500 series returns were delayed in 2020, resulting in delayed mailing of Notice CP 216F. 

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

Missing Participants: Prevention is the Best Cure

Unfortunately, many employers don’t consider how to handle missing participants’ account balances or how to prevent losing track of participants in the first place. 

FuturePlan ERISA Team

Retirement Spotlight

Defined Contribution Plan

IRA

DOL

Fiduciary Issues

IRS Issues Updates for DB Plan Calculations

The IRS has issued Notice 2021-16, which contains updated guidance on factors used in certain defined benefit (DB) pension plan calculations. 

FuturePlan ERISA Team

Retirement

Employer

Defined Benefit Plan

IRS Posts 2020 Tax Year Health Savings Arrangement Publication

The IRS has posted the 2020 tax year Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. 

FuturePlan ERISA Team

Health and Welfare

Forms and Publications

Savings

Individual

IRS

New IRS Guidance for Federally Declared Disasters

At the end of 2019, the IRC was amended to create a mandatory 60-day postponement for certain federal tax-related deadlines in the event of a disaster. 

FuturePlan ERISA Team

Retirement Spotlight

Defined Contribution Plan

IRA

HSA

IRS

IRS Guidance

DOL Confirms Effective Date for Investment Advice PTE

The DOL’s EBSA has confirmed that prohibited transaction exemption 2020-02 entitled, “Improving Investment Advice for Worker & Retirees,” will take effect on February 16. 

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Fiduciary Issues

IRA

Pandemic Relief Package Includes Benefit Provisions

Legislation proposed by the House Ways and Means Committee to provide pandemic relief includes several items that would affect retirement and health benefits. 

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

Defined Contribution Plan

Health and Welfare

SECURE Act

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