legislative updates

SECURE 2.0 Adds New Penalty-Free Distribution Option for Certain Emergency Expenses

This infographic is part of a multi-part series that describes the penalty-free distribution options created by SECURE 2.0

FuturePlan ERISA Team

SECURE 2.0

IRA

Defined Contribution Plan

Legislative updates

Senate Proposal Would Make Certain ABLE Tax Provisions Permanent

Senator Ted Cruz (R-TX) and co-sponsor Senator Mike Braun (R-IN) have introduced S. 1226, a bill to make permanent several individual tax provisions.

FuturePlan ERISA Team

Legislative updates

ABLE Account

Disaster Assistance May Be Available for Florida Severe Storms

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 27, 2023, for severe storms, tornadoes, and flooding in Florida.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

IRA

Proposal Directing SEC to Allow Electronic Delivery Advances Out of Committee

A bill introduced by Congressman Bill Huizenga (R-MI), has been passed out of the House Financial Services Committee.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

Disaster Assistance May Be Available for Nevada Severe Winter Storms

The Federal Emergency Management Agency (FEMA) issued a disaster declaration for severe winter storms, flooding, landslides, and mudslides in Nevada.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

IRA

Proposal to Encourage Profit Sharing Introduced in House

Congresswoman Bonnie Watson Coleman (D-NJ) has introduced H.R. 2628, the Employee Profit-Sharing Encouragement Act.

FuturePlan ERISA Team

Legislative updates

Waiver of Early Distribution Tax Proposed in House

Representative George Santos (R-NY) has introduced H.R. 2637, to provide for an exception to the 10-percent additional tax on early distributions from qualified retirement plans.

FuturePlan ERISA Team

Legislative updates

Bill Proposed in House to Allow CITs in 403(b) Plans

Congressman Patrick McHenry (R-NC), Chairman of the House Financial Services Committee has introduced H.R. 2799, the Expanding Access to Capital Act.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

Disaster Assistance May Be Available for Texas Severe Storm

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 21, 2023, for a severe winter storm in Texas.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

IRA

Disaster Assistance May Be Available for California Severe Winter Storms, Straight-line Winds, Flooding, Landslides, and Mudslides

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 3, 2023, for severe winter storms in California.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

IRA

HSA

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