IRS Announces Applicable Federal Rates for April 2023
The IRS has issued Revenue Ruling 2023-06, which contains the applicable federal rates (AFR) for April 2023.
SEC Releases Cybersecurity Proposed Rule
The Securities and Exchange Commission (SEC) has issued a proposed rule to address cybersecurity risks.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2023-25, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Hardship Distributions May Be Permitted for California Severe Winter Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 10, 2023, for severe winter storms, flooding, landslides, and mudslides in California.
PBGC Updates Interest Assumptions for Valuing Benefits for Second Quarter 2023
The PBGC has issued a final rule updating interest assumptions under the asset allocation regulation for plans with valuation dates in the second quarter of 2023.
Hardship Distributions May Be Permitted for Tennessee Severe Winter Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 8, 2023, for severe winter storms in Tennessee.
Build Back Better Provisions Resurface in White House Budget Proposal
President Biden’s fiscal year 2024 budget includes proposed retirement account restrictions for certain taxpayers.
Senate Confirms New IRS Commissioner
The United States Senate on Thursday confirmed Danny Werfel, in a 54-42 vote, as the next commissioner of the Internal Revenue Service.
SECURE 2.0 Requires New Plans to Contain Automatic Enrollment Feature
Credible studies have concluded that employers who automatically enroll plan participants into a retirement plan help place them on a lifetime path to meaningful savings.
Hardship Distributions May Be Permitted for Oklahoma Severe Winter Storms
The Federal Emergency Management Agency issued a disaster declaration on March 3, 2023, for severe winter storms in Oklahoma.
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