washington pulse

IRS Issues Proposed MEP Rule

To help expand access to MEPs, the IRS has released proposed regulations, which provide a welcome exception to the unified plan rule.

FuturePlan ERISA Team

IRS

IRS Guidance

Washington Pulse

Defined Contribution Plan

U.S. House Passes Significant Retirement Bill

The U.S. House of Representatives passed the Securing a Strong Retirement Act of 2022 (SSRA) by a 414-5 vote on March 29, 2022.

FuturePlan ERISA Team

Legislative updates

SECURE Act

IRA

Defined Contribution Plan

Defined Benefit Plan

DOL

ESOP

Washington Pulse

New Retirement Payment Withholding Procedure is (Finally) Final

Tax payers and individuals will have a new process for calculating and electing federal income tax withholding on retirement distributions.

FuturePlan ERISA Team

IRS

IRS Guidance

Washington Pulse

IRA

Defined Contribution Plan

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

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

Form 5500 Changes Proposed

In September 2021, the DOL, IRS, and Pension Benefit Guaranty Corporation (PBGC), collectively referred to as the “Agencies”, released proposed changes to Form 5500, Annual Return/Report of Employee Benefit Plan.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

IRS

IRS Guidance

SECURE Act

Washington Pulse

IRS Makes Changes to Plan Correction Program

The IRS has released Revenue Procedure (Rev. Proc.) 2021-30, which contains significant updates to the Employee Plans Compliance Resolution System (EPCRS).

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

Washington Pulse

Department of Labor Releases Cybersecurity Guidance

On April 14, the DOL’s (EBSA) issued—for the first time—guidance on best practices for maintaining cybersecurity.

FuturePlan ERISA Team

Washington Pulse

DOL

Defined Contribution Plan

Defined Benefit Plan

Fiduciary Issues

American Rescue Plan Act Provides Coronavirus Relief

President Biden has signed legislation that funds another round of assistance as the nation copes with the health and economic effects of the coronavirus pandemic. 

FuturePlan ERISA Team

Washington Pulse

Defined Benefit Plan

DOL

Health and Welfare

Legislative updates

IRS Releases Final QPLO Regulations

Plan participants have more time to roll over certain plan loan offsets under the Tax Cuts & Jobs Act of 2017 (TCJA). 

FuturePlan ERISA Team

Washington Pulse

Defined Contribution Plan

IRS

IRS Guidance

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