washington pulse

Washington Pulse - New Guidance Released on Matching Contributions for Qualified Student Loan Payments

Recent legislation passed by Congress includes several provisions that enhance the ability of workers to increase their retirement savings.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS

Legislative updates

Washington Pulse

Washington Pulse: IRS Releases Final RMD Regulations

The Internal Revenue Service (IRS) has released final regulations that revise existing rules that apply to required minimum distributions (RMDs).

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS

IRS Guidance

Washington Pulse

IRS Releases Guidance for Certain SECURE 2.0 Distribution Provisions

The Internal Revenue Service has issued Notice 2024-55, providing guidance on two provisions permitted under the SECURE 2.0 Act of 2022 (SECURE 2.0); emergency personal expense distributions and domestic abuse victim distributions.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS

IRS Guidance

Washington Pulse

Interim Final Rule for Abandoned Plans Released

The Department of Labor has issued an interim final rule, expanding the Abandoned Plan Program regulations to also include plans of employers who are in liquidation under Chapter 7 of the U.S. Bankruptcy Code.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

Fiduciary Issues

Washington Pulse

DOL Releases Final Investment Advice Fiduciary Rule

The Department of Labor recently released a regulatory package that includes a final amendment (the Retirement Security Rule) to the regulations that define what constitutes an investment advice fiduciary.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

Fiduciary Issues

HSA

IRA

IRS

Washington Pulse

DOL Releases Final Rule Clarifying Employee or Independent Contractor Status

The Department of Labor issued a final rule to assist employers when determining whether a worker is considered an employee or an independent contractor under the Fair Labor Standards Act.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

IRA

Washington Pulse

DOL Releases Proposed Regulations for Automatic Portability Transactions

The Department of Labor has released proposed regulations related to the implementation of section 120 of the SECURE 2.0 Act.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

IRA

Washington Pulse

SECURE 2.0

IRS Releases Final Guidance on Penalty Exceptions for Failure to File Correct Information Returns or Furnish Payee Statements

The Internal Revenue Service has released final regulations that provide de minimis error safe harbor exceptions to penalties for failure to file correct information returns or furnish correct payee statements.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRA

IRS

IRS Guidance

Washington Pulse

Washington Pulse: IRS Releases Guidance on SECURE 2.0 Provisions

The Internal Revenue Service has released Notice 2024-02, which provides guidance in a question and answer format regarding several provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0).

FuturePlan ERISA Team

SECURE 2.0

Defined Benefit Plan

Defined Contribution Plan

IRA

IRS

IRS Guidance

Washington Pulse

IRS Issues Proposed Long-Term, Part-Time Regulations

The Internal Revenue Service has released a proposed regulation reflecting statutory changes related to long-term, part-time  employees made by the SECURE Act of 2019 (SECURE Act) and the SECURE 2.0 Act of 2022 (SECURE 2.0).

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

Washington Pulse

SECURE 2.0

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