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Industry & Regulatory News
IRS Updates Several Model VCP Compliance Forms
In a recent issue of the Employee Plans News, the IRS has announced the update of several forms used to submit Voluntary Correction Program applications to the IRS.
Industry & Regulatory News
Legislation Expanding HSA Access Clears Committee
The House Ways and Means Committee held a markup of two bills intending to expand access to Health Savings Accounts (HSAs).
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Tennessee Severe Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 27, 2023, for Tennessee severe storms, for the incident period of August 7, 2023.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for California Tropical Storm Hilary
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 27, 2023, for California Tropical Storm Hilary, for the incident period of August 19 – August 21, 2023.
Industry & Regulatory News
IRS Announces Deadline Relief for Hurricane Lee in Massachusetts
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Lee.
Industry & Regulatory News
IRS Announces Deadline Relief for Hurricane Lee in Maine
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Lee.
Industry & Regulatory News
Proposal Expanding HSA Access Introduced in House
Representatives Greg Steube (R-FL) and co-sponsor Kat Cammack (R-FL) have introduced H.R. 5608, the Affordable Care and Comprehensive Economic Support through Savings (ACCESS) Act.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Missouri Severe Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 21, 2023, for Missouri severe storms, straight-line winds, tornadoes, and flooding, for the incident period of July 29 – August 14, 2023.
Industry & Regulatory News
Several Bills Amending ERISA Advance out of House Committee
The House Education and Workforce Committee held a mark-up of several proposals, including four bills (previously announced), which would amend ERISA related to proxy voting, fiduciary duties, and notice requirements for brokerage windows.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for New Hampshire Severe Storms and Flooding
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 14, 2023, for New Hampshire severe storms and flooding, for the incident period of July 9, 2023 – July 17, 2023.