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.
IRS Announces Applicable Federal Rates for May
The IRS has issued Revenue Ruling 2024-09, which contains the applicable federal rates (AFR) for May 2024.
IRS Provides Further RMD Transition Relief Under the SECURE Act
The IRS has issued Notice 2024-35 to provide additional transition relief for certain specified RMDs for 2024.
Disaster Assistance May Be Available for Oregon Severe Storms
The Federal Emergency Management Agency issued a disaster declaration on April 13, 2024, for Oregon severe winter storms, straight-line-winds, landslides, and mudslides.
Disaster Assistance May Be Available for California Severe Storms
The Federal Emergency Management Agency issued a disaster declaration on April 13, 2024, for California severe winter storms, tornadoes, flooding, landslides, and mudslides.
DOL Releases Proposed Retirement Savings Lost and Found Information Collection
The Department of Labor is proposing to collect information in order to establish the Retirement Savings Lost and Found online searchable database described in Section 523 of ERISA as amended by Section 303 of SECURE 2.0.
Updated Yield Curves and Segment Rates for DB Plans
The Internal Revenue Service has issued Notice 2024-34, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
DOL Fiduciary Rule Has Left OMB
A final rule titled “Retirement Security Rule: Definition of an Investment Advice Fiduciary” has left the Office of Management and Budget.
Disaster Assistance May Be Available for Alaska Severe Storm
The Federal Emergency Management Agency issued a disaster declaration on April 6, 2024, for Alaska severe storm, flooding, and landslides, for the incident period of November 20, 2023.
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