regulatory and legislative

2025 Taxable Wage Base Announced

The Social Security Administration has issued the 2025 adjustments for benefits and certain other limitations that are subject to annual cost-of-living adjustment indices.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

Proposal Introduced to Allow Catch-Ups for Family Caregivers

Representative Brittany Pettersen (D-Co), and co-sponsor Maria Salazar (R-FL), have introduced H.R. 9764, the Catching Up Family Caregivers Act.

FuturePlan ERISA Team

Legislative updates

ABLE Account

Retirement Plan Disaster Assistance May Be Available for Arizona Watch Fire

The Federal Emergency Management Agency issued a Major Disaster Declaration on October 4, 2024, for Arizona Watch Fire.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Benefit Plan

Defined Contribution Plan

IRS Announces Deadline Relief for Wildfire in Washington

The IRS has announced the postponement of certain tax-related deadlines for victims of wildfires in Washington.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Benefit Plan

Defined Contribution Plan

Retirement Plan Disaster Assistance May Be Available for Tennessee Tropical Storm Helene

The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on October 2, 2024, for Tennessee tropical storm Helene.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Benefit Plan

Defined Contribution Plan

IRS Releases 403(b) Long-Term Part-Time Guidance

The IRS has issued Notice 2024-73, providing question-and-answer guidance on long-term, part-time employees in 403(b) plans.

FuturePlan ERISA Team

SECURE 2.0

Legislative updates

Defined Contribution Plan

IRA and Employer Plan Disaster Relief

Learn how disaster victims can access their retirement savings.

FuturePlan ERISA Team

SECURE 2.0

Defined Contribution Plan

IRA

IRS

IRS Guidance

Retirement Plan Disaster Assistance May Be Available for Tropical Storm Helene in Virginia

The Federal Emergency Management Agency issued a Major Disaster Declaration on October 1, 2024, for Virginia Tropical Storm Helene.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Benefit Plan

Defined Contribution Plan

IRS Announces Deadline Relief for Illinois Severe Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, tornadoes, straight-line winds, and flooding in parts of Illinois.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Benefit Plan

Defined Contribution Plan

IRS Announces Deadline Relief for Hurricane Helene in Multiple States

The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Helene until May 1, 2025.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Benefit Plan

Defined Contribution Plan

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