defined contribution plan

Retirement Plan Disaster Assistance May Be Available for Hurricane Helene in Georgia

The Federal Emergency Management Agency issued a Major Disaster Declaration on September 30, 2024 for Georgia Hurricane Helene.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Benefit Plan

Defined Contribution Plan

Retirement Plan Disaster Assistance May Be Available for Hurricane Helene

The Federal Emergency Management Agency has issued Major Disaster Declarations on September 28 and 29.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Benefit Plan

Defined Contribution Plan

Retirement Plan Disaster Assistance May Be Available for Vermont Severe Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on September 26, 2024, for Vermont severe storms, flooding, landslides, and mudslides.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRS

IRS Guidance

Retirement Plan Disaster Assistance May Be Available for Georgia, Nebraska, Washington, Kansas, and New York

The Federal Emergency Management Agency issued Major Disaster Declarations on September 24, 2024, for the following locations: Georgia Tropical Storm Debby, Nebraska severe storms, Washington wildfires, Kansas severe storms, and New York remnants of Tropical Storm Debby.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Benefit Plan

Defined Contribution Plan

New Bill Allowing CITs in 403(b) Plans Introduced in Senate

Included in this bill is a section that would allow 403(b) plans to invest in collective investment trusts (CITs).

FuturePlan ERISA Team

SECURE 2.0

Defined Contribution Plan

Legislative updates

Retirement Plan Disaster Assistance May Be Available for New York, Illinois, and Connecticut Disasters

The Federal Emergency Management Agency issued Major Disaster Declarations on September 20, 2024, for the following disasters: New York severe storm and flooding, Illinois severe storms, tornadoes, straight-line winds, and flooding, and Connecticut severe storm, flooding, landslides and mudslides.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Benefit Plan

Defined Contribution Plan

Proposal to Roll Back ESG Investing Approved in House

The House passed H.R. 5339, the Roll back ESG To Increase Retirement Earnings Act (RETIRE Act), by a vote of 217-206.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Fiduciary Issues

Legislative updates

Prime Interest Rate Lowered to 8 Percent

Effective September 19, 2024, the prime interest rate decreased from 8.50 percent to 8 percent.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

IRS Announces Deadline Relief for Pennsylvania Tropical Storm Debby

The IRS has announced the postponement of certain tax-related deadlines for victims of Tropical Storm Debby in Pennsylvania.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Benefit Plan

Defined Contribution Plan

Washington Pulse - New Guidance Released on Matching Contributions for Qualified Student Loan Payments

Recent legislation passed by Congress includes several provisions that enhance the ability of workers to increase their retirement savings.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS

Legislative updates

Washington Pulse

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