News

Representative Neal Introduces Automatic IRA Act of 2024 Bill

Representative Richard Neal (D-MA), House Ways and Means Committee Ranking Member, has introduced the Automatic IRA Act of 2024.

FuturePlan ERISA Team

Legislative updates

IRA

Deadline Relief for Maine Severe Storms and Flooding

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for victims of severe storms and flooding in Maine.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Releases Final Guidance on Penalty Exceptions for Failure to File Correct Information Returns or Furnish Payee Statements

The Internal Revenue Service has released final regulations that provide de minimis error safe harbor exceptions to penalties for failure to file correct information returns or furnish correct payee statements.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRA

IRS

IRS Guidance

Washington Pulse

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

Bill Introduced to Require PBGC to Recover Special Financial Assistance Overpayments

Senator Bill Cassidy and Rep. Virginia Foxx introduced the GHOST Act.

FuturePlan ERISA Team

Legislative updates

Defined Benefit Plan

Deadline Relief for Rhode Island Severe Storms, Flooding, and Tornadoes

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for victims of severe storms, flooding, and tornadoes in Rhode Island.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

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

DOL Issues Final Rule on Prohibited Transaction Exemption Procedures

The Department of Labor has released amendments that supersede the Department’s existing procedure governing applications for exemptions from the prohibited transaction provisions of ERISA and the Internal Revenue Code.

FuturePlan ERISA Team

DOL

Agencies Release Reporting and Disclosure RFI Under SECURE 2.0

The Department of Treasury, the Department of Labor, and the Pension Benefit Guaranty Corporation have released a Request for Information pursuant to Section 319 of SECURE 2.0.

FuturePlan ERISA Team

SECURE 2.0

Legislative updates

IRS

IRS Guidance

DOL

Defined Benefit Plan

Defined Contribution Plan

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