News

Federal Prime Interest Rate Increased to 7.75 Percent

Effective February 1, 2022, the federal prime interest rate increased from 7.50 percent to 7.75 percent.

FuturePlan ERISA Team

Fiduciary Issues

COVID-19 National Emergency Expected to End May 11

Earlier this week, President Biden announced his intent to extend the national emergency concerning the COVID-19 pandemic through May 11, 2023.

FuturePlan ERISA Team

Legislative updates

Form 5500 Guidance Under SECURE Act of 2019 Has Left the OMB

A final rule from the DOL titled “Implement SECURE Act and Related Revisions to Employee Benefit Plan Annual Reporting on the Form 5500” has left the OMB.

FuturePlan ERISA Team

Legislative updates

SECURE Act

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

Prospecting in 10 Minutes a Day on LinkedIn

With more than a half billion users, LinkedIn can become one of your most powerful relationship building tools.

Practice Management

Social Media

To Simplify the Complex, Technology Matters

Ever-evolving regulatory requirements, plan choices, and participant needs are making it increasingly complex to implement and manage a retirement plan.

Brandy Blum

Technology

my.FuturePlan

FuturePlan Names Aaron McIsaac New Head of FuturePlan Sales

FuturePlan by Ascensus has named Aaron McIsaac its new Head of FuturePlan Sales.

FuturePlan

Corporate Culture

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

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