defined contribution plan

IRS Final Rule on Electronic Filing Requirements at OMB

The Office of Management and Budget has received a final rule from the IRS titled “Electronically Filed Returns”.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

HSA

Proxy Vote Changes for Index Funds Proposed in House

Representatives Bill Huizenga (R-MI) and Blaine Luetkemeyer (R-MO) have introduced HR 8521, the Investor Democracy is Expected (INDEX) Act.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

Deadline Relief for Island of St. Croix, U.S. VI

The IRS has announced the postponement of certain tax-related deadlines for victims of a water shortage and health impact from unprecedented sargassum seagrass influx on the island of St. Croix, U.S. Virgin Islands.

FuturePlan ERISA Team

IRA

IRS

Defined Contribution Plan

Federal Prime Interest Rate Increased to 5.50 Percent

Effective July 27, 2022, the Federal prime interest rate increased from 4.75 percent to 5.50 percent.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

DOL Releases Proposed Amendment to QPAM Exemption

The Department of Labor has announced a proposed amendment to the Class Prohibited Transaction Exemption 84-14, also known as the Qualified Professional Asset Manager (QPAM) Exemption.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Temporary Waiver of RMDs Proposed in House

Representative Warren Davidson (R-OH) has introduced HR 8331, a bill that would provide for a suspension of RMDs from retirement plans and IRAs for the 2022 calendar year.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

Proposed Amendment for QPAM Exemptions Has Left OMB

A Proposed Rule titled “Proposed Amendment to PTE 84-14 for Plan Asset Transactions Determined by an Independent Qualified Plan Asset Manager” (QPAM) has left the Office of Management and Budget.

FuturePlan ERISA Team

DOL

IRA

HSA

Defined Contribution Plan

DOL Releases Spring 2022 Regulatory Agenda

The Department of Labor has posted online its upcoming guidance priorities.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Senate Finance Committee Advances EARN Act

The Senate Finance Committee conducted a hearing today to consider the Enhancing American Retirement Now (EARN) Act.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

Legislative updates

Big Changes May be in Store for the Davis-Bacon Act

The Davis-Bacon Act (DBA) has played a major role in the construction industry for over 90 years.

FuturePlan ERISA Team

Washington Pulse

Defined Contribution Plan

DOL

No Results