News

Updated Yield Curves and Segment Rates for DB Plans

The Internal Revenue Service has issued Notice 2024-40, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Disaster Assistance May Be Available for Massachusetts Severe Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on May 15, 2024, for Massachusetts severe storms and flooding.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

SEC Releases Cybersecurity Final Rule

The Securities and Exchange Commission has issued a final rule to address cybersecurity risks.

FuturePlan ERISA Team

Fiduciary Issues

DOL Releases Interim Final Rule for Abandoned Plans

The Department of Labor has issued a regulatory package that includes an interim final rule that amends the regulations for abandoned plans that were initially created in 2006.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

ERISA Insights

IRS Publishes 2025 Mortality Tables for DB Plans

The Internal Revenue Service has released Notice 2024-42, updating the static mortality tables for defined benefit plans for 2025.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Retirement Plan Disaster Assistance May Be Available for Iowa Severe Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on May 14, 2024, for Iowa severe storms and tornadoes.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Resolution Disapproving DOL Fiduciary Rule Announced

Senators Ted Budd (R-NC), Bill Cassidy (R-NC), Roger Marshall (R-KS), and Joe Manchin (D-WV) have announced they are introducing a resolution of congressional disapproval of the Department of Labor’s “Retirement Security Rule.”

FuturePlan ERISA Team

Legislative updates

DOL

Defined Contribution Plan

CIP Requirements for Registered Investment Advisers Proposed

The Financial Crimes Enforcement Network, Securities and Exchange Commission, and Department of Treasury have jointly issued a proposed rule.

FuturePlan ERISA Team

Fiduciary Issues

Retirement Plan Disaster Assistance May Be Available for Nebraska Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on May 3, 2024, for Nebraska severe storms, straight-line winds, and tornadoes, for the incident period of April 25, 2024 – April 27, 2024.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

IRS Releases FAQs on SECURE 2.0 Disaster Relief

The Internal Revenue Service has released a set of frequently asked questions regarding rules for distributions from retirement plans and individual retirement arrangements (IRAs) under Section 331 of SECURE 2.0 for individuals affected by federally declared major disasters.

FuturePlan ERISA Team

IRS

IRA

Defined Contribution Plan

IRS Guidance

No Results