PBGC Issues Interest Rate Assumptions for DB Plans
The PBGC has issued updated interest rate assumptions for benefit payments in terminating single-employer defined benefit (DB) pension plans.
IRS Releases Draft 2023 Form W-4R
The IRS has posted a draft 2023 Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2022-40, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
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.
Vestwell Names FuturePlan As One of Its Preferred TPA Partners
Vestwell names FuturePlan as one of its preferred TPA partners, as part of their new Vestwell Flex solution.
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.
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.
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.
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.
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.
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