News

IRS Issues Draft Instructions for Reporting of Qualified Disaster Distributions

The IRS has provided draft Instructions for Form 8915-F, Qualified Disaster Retirement Plan Distributions and Repayments.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Defined Contribution Plan

IRA

IRS Issues Required Amendments List

The IRS has released Notice 2021-64 containing the 2021 required amendments list.

FuturePlan ERISA Team

IRS Guidance

IRS

Defined Benefit Plan

Defined Contribution Plan

Help your clients put more jingle in their pockets this season

Dedicated DB is the leading national third-party administrator of Defined Benefit plans for 1-10 employee companies.

Richard Collins

Defined Benefit Plan

Micro businesses

Cash Balance

House Passes the Build Back Better Act

On November 19, 2021, the U.S. House of Representatives passed H.R. 5376, the Build Back Better Act (“BBB Act” or “the Act”).

FuturePlan ERISA Team

IRS

Washington Pulse

Legislative updates

IRS Guidance on Information Reporting of Health Insurance Coverage

The Department of the Treasury has released a NPR entitled, “Information Reporting of Health Insurance Coverage and Other Issues Under Internal Revenue Code Sections (IRC Secs.) 5000A, 6055, and 6056”.

FuturePlan ERISA Team

Health and Welfare

IRS Guidance

Updated Yield Curves and Segment Rates for DB Plans

The IRS has issued Notice 2021-62, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

Retirement

Employer

Build Back Better Bill Passes House, Moves to Senate

The House of Representatives passed the Build Back Better bill. The House-passed version of the bill contains several IRA provisions.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

Legislative updates

IRS Posts 2021 Form 5329

The IRS has posted the 2021 tax year Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts.

FuturePlan ERISA Team

Government Savings

Forms and Publications

Retirement

Employer

Savings

Individual

Infrastructure Bill Signed into Law

The Infrastructure Act includes additional pension funding relief, disaster relief changes, and new digital asset reporting requirements.

FuturePlan ERISA Team

IRS

Washington Pulse

Legislative updates

Prevailing Wage

IRS Announces Online Tool to Validate Form 1042-S Data

The IRS has announced the launch of a new online tool designed to assist U.S. withholding agents in complying with their reporting and withholding obligations with respect to Form 1042-S.

FuturePlan ERISA Team

Government Savings

Forms and Publications

Retirement

Employer

Savings

Individual

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