Regulatory and Legislative

Regulatory and Legislative

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.

Retirement Plan Disaster Assistance May Be Available for Louisiana Hurricane Francine

The Federal Emergency Management Agency issued a Major Disaster Declaration on September 16, 2024, for Louisiana hurricane Francine.

IRS Announces Applicable Federal Rates for October

The IRS has issued Revenue Ruling 2024-21 which contains the applicable federal rates for October 2024.

IRS Announces Electronic Pre-Approved Plan Submission Procedures

The IRS has indicated that application steps for pre-approved plan document providers seeking to obtain IRS approval of defined contribution and defined benefit arrangements is changing to incorporate electronic filing requirements.

Retirement Plan Disaster Assistance May Be Available for Pennsylvania and Vermont

The Federal Emergency Management Agency issued a Major Disaster Declaration on September 11, 2024, for Vermont severe storms and flooding and for Pennsylvania tropical storm Debby.