defined contribution plan

IRS Updates Determination Letter and VCP Submission Information

The IRS has issued Revenue Procedure (Rev. Proc.) 2023-4, which updates guidance on determination letter submission procedures.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS

IRS Guidance

Deadline Relief for California Severe Winter Storms

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

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

IRS Final Rule on Electronic Filing Requirements has left OMB

A final rule from the IRS titled “Electronically Filed Returns” has left The Office of Management and Budget.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

Congress Approves Appropriations Bill, Containing the SECURE 2.0 Act of 2022, President’s Signature Expected

The House of Representatives has passed the Consolidated Appropriations Act of 2023, HR 2617, today with a 225-201-1 vote.

FuturePlan ERISA Team

Washington Pulse

SECURE 2.0

529 account

ABLE Account

Defined Contribution Plan

IRA

Legislative updates

Senate Approves Appropriations Bill, Containing the SECURE 2.0 Act of 2022

The House will now take up CAA 2023 with voting anticipated to take place as early as this evening.

FuturePlan ERISA Team

SECURE 2.0

529 account

ABLE Account

Defined Contribution Plan

IRA

Legislative updates

Retirement Spotlight – DOL’s Final ESG Rule Clarifies Duties

In this latest guidance, the DOL amends the “Investment Duties” regulation.

FuturePlan ERISA Team

DOL

Retirement Spotlight

Defined Contribution Plan

Defined Benefit Plan

Fiduciary Issues

Government Funding Bill, Containing SECURE 2.0, Released

Senate Appropriations Committee Chairman Patrick Leahy (D-VT) has released HR  2617, the Consolidated Appropriations Act of 2023.

FuturePlan ERISA Team

529 account

ABLE Account

Defined Contribution Plan

IRA

Legislative updates

SECURE 2.0

Deadline Relief for Florida Hurricane Nicole Victims

The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Nicole in Florida.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

DOL

Legislative updates

Hardship Distributions May Be Permitted for Florida Hurricane Nicole

The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for Hurricane Nicole in Florida, for the period of November 7, 2022 – November 30, 2022.

FuturePlan ERISA Team

Defined Contribution Plan

SEC “Hard Close” Proposal Published in Federal Register

The SEC proposed rule titled, Open-End Fund Liquidity Risk Management Programs and Swing Pricing; Form N-PORT Reporting, has been published in the federal register.

FuturePlan ERISA Team

Defined Contribution Plan

Fiduciary Issues

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