ira

Disaster Assistance May Be Available for West Virginia

The Federal Emergency Management Agency issued a disaster declaration on January 30, 2024, for West Virginia severe storms.

FuturePlan ERISA Team

IRS

HSA

Defined Contribution Plan

Defined Benefit Plan

IRS Guidance

IRA

Disaster Assistance May Be Available for Maine

The Federal Emergency Management Agency issued a disaster declaration on January 30, 2024, for Maine severe storms and flooding.

FuturePlan ERISA Team

IRA

HSA

Defined Contribution Plan

Defined Benefit Plan

IRS

IRS Guidance

Deadline Relief for Severe Storms in Connecticut

The IRS has announced the postponement of certain tax-related deadlines for victims in parts of Connecticut affected by severe storms, flooding, and a potential dam breach.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

HSA

Retirement Plan Disaster Assistance May Be Available for Rhode Island Severe Storms

The Federal Emergency Management Agency issued a disaster declaration on January 7, 2024 for Rhode Island severe storms, flooding, and tornadoes.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRA

IRS

IRS Guidance

Washington Pulse: IRS Releases Guidance on SECURE 2.0 Provisions

The Internal Revenue Service has released Notice 2024-02, which provides guidance in a question and answer format regarding several provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0).

FuturePlan ERISA Team

SECURE 2.0

Defined Benefit Plan

Defined Contribution Plan

IRA

IRS

IRS Guidance

Washington Pulse

IRS Announces Applicable Federal Rates for February

The IRS has issued Revenue Ruling 2024-03, which contains the applicable federal rates (AFR) for February 2024.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

OMB Completes Review of DOL Automatic Portability Exemption Proposal

A Department of Labor proposed rule titled Exemption for Certain Automatic Portability Transactions has been removed from the Office of Management and Budget’s list for review.

FuturePlan ERISA Team

DOL

Legislative updates

SECURE 2.0

Defined Contribution Plan

IRA

DOL Issues Final Rule to Clarify Employee or Independent Contractor Status

The Department of Labor Wage and Hour Division has issued a news release and final rule to clarify whether a worker qualifies as an employee or an independent contractor under the Fair Labor Standards Act.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

Defined Benefit Plan

Roth IRA Rollover Proposal Introduced in House

Representatives Darin LaHood (R-IL), and Linda Sanchez (D-CA) have introduced H.R. 6757.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

Defined Benefit Plan

IRS Issues SECURE 2.0 Guidance

The IRS has released Notice 2024-2, Miscellaneous Changes Under the SECURE 2.0 Act of 2022.

FuturePlan ERISA Team

SECURE 2.0

IRS

IRS Guidance

Defined Contribution Plan

IRA

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