ESOP Proposed Rule on Hold
A proposed rule and class exemption issued by the Department of Labor’s Employee Benefits Security Administration providing guidance on ESOP transactions has been withdrawn from publication.
IRS Announces Applicable Federal Rates for February
The IRS has issued Revenue Ruling 2025-05, which contains the applicable federal rates (AFR) for February 2025.
Retirement Plan Disaster Assistance May Be Available for Alaska
The Federal Emergency Management Agency issued a Major Disaster Declaration on January 15, 2025, for Alaska severe storm and flooding.
EBSA Releases ESOP Guidance Under SECURE 2.0
The Department of Labor’s Employee Benefits Security Administration has issued a proposed rule and class exemption for shares to be acquired by an ESOP pursuant to SECURE 2.0.
IRS Issues Yield Curves and Segment Rates for DB Plan Calculations
The Internal Revenue Service has issued Notice 2025-13, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
IRS Issues Proposed Rule Under IRC 162(m)
The Internal Revenue Service has issued a proposed rule under IRC Sec.162(m) to identify “covered employees” and nondeductible compensation.
DOL Issues Guidance on Missing Participant Small Balances
The Department of Labor has released Field Assistance Bulletin 2025-01 providing guidance regarding the treatment of small balances of retirement plan missing participants and beneficiaries.
DOL Issues Final Amendments to VFCP
The Department of Labor has released a final amendment updating the Voluntary Fiduciary Correction Program.
DOL ESOP Proposed Rule Has Left OMB
The Office of Management and Budget has completed review of a proposed rule from the Department of Labor titled "Worker Ownership, Readiness, and Knowledge”.
IRS Announces Deadline Relief for California Wildfires
The IRS has announced the postponement of certain tax-related deadlines for victims of California affected by wildfires and straight-line winds until October 15, 2025.
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