defined contribution plan

SECURE 2.0 Employer Tax Credits

This credit applies to qualified plans (defined contribution and defined benefit plans under IRC Sec. 401(a) and 403(a)), and SEP and SIMPLE plans.

FuturePlan ERISA Team

SECURE 2.0

Defined Contribution Plan

Legislative updates

Deadline Relief for California Severe Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, flooding and landslides in California.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

IRA

Updated Yield Curves and Segment Rates for DB Plans

The IRS has issued Notice 2023-12, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

Defined Benefit Plan

IRS Announces Applicable Federal Rates for February 2023

The IRS has issued Revenue Ruling 2023-03, which contains the applicable federal rates (AFR) for February 2023.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

Distributions May Be Permitted for Alabama Severe Storms

FEMA has issued a disaster declaration for severe storms, straight-line winds, and tornadoes in Alabama, for January 12, 2023.

FuturePlan ERISA Team

Defined Contribution Plan

Distributions May Be Permitted for Washington Severe Winter Storm

FEMA has issued a disaster declaration for severe winter storm, straight-line winds, flooding, landslides, and mudslides in Washington, for the period of November 3, 2022 – November 8, 2022.

FuturePlan ERISA Team

Defined Contribution Plan

Distributions May Be Permitted for California Winter Storms

FEMA has issued a disaster declaration for severe winter storms, flooding, landslides, and mudslides in California, starting on December 27, 2022.

FuturePlan ERISA Team

Defined Contribution Plan

Distributions May Be Permitted for Georgia Severe Weather

FEMA has issued a disaster declaration for severe weather in Georgia, for January 12, 2023.

FuturePlan ERISA Team

Defined Contribution Plan

2023 Inflation Adjustments for Civil Penalties

The Department of Labor has published in the Federal Register several inflation-adjusted penalty amounts for certain failures associated with qualified retirement plans.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

SECURE 2.0 is Congress’s Retirement Enhancement Encore

This bill was included in the Consolidated Appropriations Act of 2023, which was signed into law on December 29, 2022.

FuturePlan ERISA Team

Washington Pulse

SECURE 2.0

Defined Contribution Plan

IRA

Legislative updates

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