Regulatory and Legislative

IRS Issues Required Amendments List

FuturePlan ERISA Team November 30 2021

The IRS has released Notice 2021-64 containing the 2021 required amendments list. This annually issued list describes changes in retirement plan qualification requirements and amendment deadlines for individually designed qualified and individually designed 403(b) plans. Some items require plans to be amended, while others do not. The list of changes to qualification requirements are as follows.

Required Amendments

Multiemployer plans that had amended to reduce benefits and to begin receiving special financial assistance for financially troubled plans pursuant to the American Rescue Plan Act of 2021 must amend to reinstate benefits previously suspended as of the first month in which the effective date for the special financial assistance occurs.

IRS Guidance IRS Defined Benefit Plan Defined Contribution Plan

Regulatory and Legislative

DOL Issues Final Rule Updating Davis-Bacon Regulations

DOL Issues Final Rule Updating Davis-Bacon Regulations

The Department of Labor has issued a final rule updating the Davis-Bacon Act and the Davis-Bacon Related Acts nearly 40 years after the Department last completed a comprehensive revision of the guidelines.

Regulatory and Legislative

Deadline Relief for Virgin Islands Water Supply

Deadline Relief for Virgin Islands Water Supply

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for victims of taxpayers impacted by elevated levels of lead and copper in water supply in Saint Croix, US Virgin Islands.


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