regulatory updates

IRS Makes Changes to Plan Correction Program

The IRS has released Revenue Procedure (Rev. Proc.) 2021-30, which contains significant updates to the Employee Plans Compliance Resolution System (EPCRS).

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

Washington Pulse

Series of Retirement Security Bills Reintroduced

Senators Cory Booker (D-NJ) and Todd Young (R-IN) reintroduced four bills in the Senate this week designed to address retirement security. 

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

IRS Finalizes Postponement Period for Federally Declared Disasters

The average number of natural disasters continues to rise. As a result, Congress and the IRS have tried to keep pace by providing relief for those affected by major disasters and emergencies. 

FuturePlan ERISA Team

Retirement Spotlight

IRS

IRS Guidance

Guidance Issued for Single-Employer DB Funding Rules

The IRS has issued Notice 2021-48, providing guidance about changes to the funding rules for single-employer defined benefit pension plans that were made by ARPA.

FuturePlan ERISA Team

Defined Benefit Plan

IRS Guidance

Proposed Tax Benefits for Retirement Saving Distributions

Senator Patrick Toomey (R-PA), has re-introduced the Long-Term Care Affordability Act.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

Legislative updates

Gomez Nominated for EBSA Post

President Biden has nominated Lisa M. Gomez for Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA).

FuturePlan ERISA Team

DOL

Women’s Retirement Protection Act Re-Introduced

Senator Patty Murray (D-WA) and Representative Lauren Underwood (D-IL) have introduced the Women’s Retirement Protection Act of 2021 in their respective chambers.

FuturePlan ERISA Team

COVID-19

Defined Contribution Plan

DOL

SECURE Act

Encouraging Americans to Save Act Introduced in Senate

Senate Finance Committee Chair Ron Wyden (D-OR) and six other Democratic Senators have introduced the Encouraging Americans to Save Act (EASA).

FuturePlan ERISA Team

Defined Contribution Plan

ira

Legislative updates

ABLE Account

DOL Provides FAQs for Lifetime Income Illustrations

The DOL has provided FAQs addressing questions about the timing of implementation of pension benefit statement lifetime income illustrations under the SECURE Act.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

SECURE Act

IRS Proposes eFiling Requirements for Certain Returns

The IRS has released a pre-publication version of proposed regulations amending rules intended to increase the filing of electronic returns.

FuturePlan ERISA Team

Defined Contribution Plan

HSA

IRA

IRS Guidance

No Results