futureplan erisa team

Deadline Relief for Puerto Rico Victims of Hurricane Fiona

The IRS has announced the postponement of certain tax-related deadlines for victims of hurricane Fiona in Puerto Rico.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

Deadline Relief for Arizona Victims of Severe Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms in Arizona.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Senate Finance Committee Formally Introduces EARN Act

Senators Ron Wyden (D-OR) and Mike Crapo (R-ID), Senate Finance Committee Chair and Ranking Member, have introduced S.4808, the Enhancing American Retirement Now (EARN) Act.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

IRS Provides Additional Form W-4P, W-4R Guidance

The IRS has provided additional guidance related to federal income tax withholding requirements for retirement plan and IRA payments.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

DOL Invites Public Hearing on QPAM Exemption

The DOL is extending the comment period for receiving written comments related to prohibited transaction class exemption 84-14 (the Proposed QPAM Amendment) to October 11, 2022.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Legislative updates

DOL Releases Interpretive Bulletin on Auditor Independence

The Department of Labor (DOL) has released Interpretive Bulletin 2022-01 (IB) relating to independence requirements for accountants who audit employee benefit plans.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Defined Benefit Plan

Deadline Relief for Mississippi Water Crisis Victims

The IRS has announced the postponement of certain tax-related deadlines for victims of a water crisis in Mississippi.

FuturePlan ERISA Team

IRS

IRS Guidance

DOL’s Proposed Restated Voluntary Fiduciary Correction Program at OMB

The Office of Management and Budget has received a proposed rule from the Department of Labor (DOL) titled “Adoption of Amended and Restated Voluntary Fiduciary Correction Program”.

FuturePlan ERISA Team

DOL

Fiduciary Issues

Defined Contribution Plan

IRS Issues Updates for DB Plan Calculations

The IRS has issued Notice 2022-35, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

Defined Benefit Plan

IRS

IRS Guidance

DOL to Reopen Comment Period for Proposed Prohibited Transaction Procedure

The DOL has announced a public hearing scheduled for September 15, 2022.

FuturePlan ERISA Team

DOL

Legislative updates

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