News

Retirement Plan Disaster Assistance May Be Available for Oklahoma Storm Victims

The Federal Emergency Management Agency issued a Major Disaster Declaration on June 14, 2024, for Oklahoma severe storms, straight-line-winds, tornadoes and flooding.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Student Loan Repayments and Matching Contributions

Employers may now treat an employee’s qualified student loan payments like elective deferrals or after-tax contributions for purposes of providing an employer matching contribution.

FuturePlan ERISA Team

SECURE 2.0

Defined Contribution Plan

IRS

IRS Guidance

Retirement Plan Disaster Assistance May Be Available for Idaho Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on June 10, 2024, for Idaho severe storms, flooding, landslides and mudslides.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Treasury Issues RFI Regarding Opportunities and Risks of AI

The Department of Treasury has issued a request for information from the financial services sector on potential opportunities and risks related to the use of Artificial Intelligence.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

IRS

Retirement Plan Disaster Assistance May Be Available for Mississippi Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on June 10, 2024, for Mississippi severe storms, straight-line-winds, tornadoes, and flooding.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

IRS Announces Deadline Relief for Kentucky Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of Kentucky severe storms, straight-line winds, tornadoes, landslides, and mudslides.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Defined Benefit Plan

IRA

IRS Announces Deadline Relief for West Virginia Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of West Virginia severe storms, straight-line winds, tornadoes, flooding, landslides, and mudslides.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Defined Benefit Plan

IRA

PBGC Finalizes Changes to Assumptions Used in Certain Valuations

The Pension Benefit Guaranty Corporation has released a final rule titled Valuations Assumptions and Methods.

FuturePlan ERISA Team

Defined Benefit Plan

Retirement Plan Disaster Assistance May Be Available for Arkansas Severe Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on May 30, 2024, for Arkansas severe storms, straight-line winds, tornadoes, and flooding.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Defined Benefit Plan

IRA

HSA

Increased Retirement Plan Start-Up Credit for Micro Businesses Proposed in Senate

Senators Maggie Hassan (D-NH) and Tedd Budd (R-NC) have introduced S. 4398, the Retirement Investment in Small Employers (RISE) Act.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

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