- Industry & Regulatory News
- Industry & Regulatory News
Industry & Regulatory News
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Nevada Severe Winter Storms, Flooding, Landslides, and Mudslides
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 27, 2023, for severe winter storms, flooding, landslides, and mudslides in Nevada, for the incident period of March 8, 2023 – March 19, 2023.
Industry & Regulatory News
Proposal Directing SEC to Allow Electronic Delivery Advances Out of Committee
A bill introduced by Congressman Bill Huizenga (R-MI), has been passed out of the House Financial Services Committee.
Industry & Regulatory News
Proposal to Encourage Profit Sharing Introduced in House
Congresswoman Bonnie Watson Coleman (D-NJ) has introduced H.R. 2628, the Employee Profit-Sharing Encouragement Act.
Industry & Regulatory News
Waiver of Early Distribution Tax Proposed in House
Representative George Santos (R-NY) has introduced H.R. 2637, to provide for an exception to the 10-percent additional tax on early distributions from qualified retirement plans capped at a withdrawal amount of $10,000 every five years.
Industry & Regulatory News
Bill Proposed in House to Allow CITs in 403(b) Plans
Congressman Patrick McHenry (R-NC), Chairman of the House Financial Services Committee has introduced H.R. 2799, the Expanding Access to Capital Act.
Industry & Regulatory News
DOL Provides Funding Notice Guidance for Certain Multiemployer Pension Plans
The Department of Labor (DOL) has issued Field Assistance Bulletin 2023-01 to provide annual funding notice requirements for multiemployer pension plans that received special financial assistance from the Pension Benefit Guarantee Corporation under the American Rescue Plan Act.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Oklahoma Severe Storms, Straight-line Winds, and Tornadoes
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 24, 2023, for Oklahoma severe storms, straight-line winds, and tornadoes, for the incident period of April 19, 2023 – April 20, 2023.
Industry & Regulatory News
IRS Announces Deadline Relief for Oklahoma Severe Storms, Straight-line Winds, and Tornadoes
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line winds, and tornadoes in Oklahoma. The tax relief postpones various tax filing deadlines that began on April 19, 2023. Affected individuals and households who reside or have a business in McClain and Pottawatomie counties, as well as taxpayers with records located in the covered area that are needed to meet covered deadlines, qualify for relief.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Texas Severe Winter Storm
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 21, 2023, for a severe winter storm in Texas, for the incident period of January 30, 2023 – February 2, 2023.
Industry & Regulatory News
IRS Announces Cycle 4 Pre-approved Plan Submission Period
The April 20, 2023, publication of Employee Plans News provides details for plan document restatement deadlines.