News

SEC Extends Comment Period for ESG Reporting Proposal

The SEC has extended the period to comment on its proposed rule regarding climate-related disclosures initially released in March, and published in the federal register on April 11, 2022.

FuturePlan ERISA Team

Defined Contribution Plan

Defined Benefit Plan

IRS Proposes Update to Mortality Tables Used for DB Plans

The Department of Treasury and IRS have released proposed regulations to update the mortality tables that are used to calculate minimum required contributions for single-employer defined benefit pension plans.

FuturePlan ERISA Team

Defined Benefit Plan

IRS

IRS Issues Proposed MEP Rule

To help expand access to MEPs, the IRS has released proposed regulations, which provide a welcome exception to the unified plan rule.

FuturePlan ERISA Team

IRS

IRS Guidance

Washington Pulse

Defined Contribution Plan

IRS Releases Revised 2021 Publication 590-B

The IRS has issued a revised 2021 Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).

FuturePlan ERISA Team

IRA

IRS

Proposed Lump-Sum Buyout Disclosure Legislation Reintroduced

Senators Patty Murray (D-WA), Tina Smith (D-MN), and Tammy Baldwin (D-WI) reintroduced the Information Needed for Financial Options Risk Mitigation (INFORM) Act of 2022.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

Senate Proposal Would Allow Certain Plan Design Expenses from Plan Assets

Senators Jacky Rosen (D-NV) and Tim Scott (R-SC) have introduced S. 4086, the Increasing Small Business Retirement Choices Act.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

2023 Mortality Rates and Tables for DB Plans

The IRS has issued Notice 2022-22, containing “mortality improvement rates” and “static mortality tables” to be used in certain liability determinations for defined benefit (DB) pension plans.

FuturePlan ERISA Team

Defined Benefit Plan

IRS

IRS Guidance

DOL Launches Roundtable Discussions on Retirement

The Department of Labor (DOL) has kicked off what is to be a series of roundtable discussions on how to improve retirement security for workers.

FuturePlan ERISA Team

Defined Contribution Plan

Defined Benefit Plan

IRA

IRA Bankruptcy Exemption Increases

Effective April 1, 2022, the maximum aggregate bankruptcy exemption amount for IRAs increased from $1,362,800 to $1,512,350.

FuturePlan ERISA Team

IRA

Additional 403(b) Plan Document Guidance Released

The IRS has released a revised Section 403(b) Pre-Approved Plans Listing of Required Modifications and Information Package (April 2022).

FuturePlan ERISA Team

IRS

IRS Guidance

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