ERISA News

Industry & Regulatory News

Disaster Distribution Proposal Introduced in House

Representative Jill Tokuda (D-HI) has introduced HR 5873, the Natural Disaster Tax Relief Act of 2023.

October 17 2023

Industry & Regulatory News

PBGC Posts 2024 Premium Rates

The Pension Benefit Guarantee Corporation has determined premium rates applicable for the 2024 plan year in accordance with indexing rules provided in ERISA Section 4006.

October 16 2023

Industry & Regulatory News

IRS Announces Deadline Relief for Affected Taxpayers in Israel, the West Bank, and Gaza

The IRS has announced, in Notice 2023-71, the postponement of certain tax-related deadlines for taxpayers affected by the October 7, 2023, terroristic action in the State of Israel.

October 13 2023

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Montana Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on October 11, 2023, for Montana flooding for the incident period of June 1 – June 8, 2023.

October 12 2023

Industry & Regulatory News

SAFER Banking Act Advances Out of Committee

The Senate Finance Committee has advanced S. 2860, the Secure and Fair Enforcement Regulation (SAFER) Banking Act by a vote of 14-9.

October 12 2023

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Vermont Severe Storms and Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on October 6, 2023, for Vermont severe storms and flooding, for the incident period of August 3-August 5, 2023.

October 09 2023

Industry & Regulatory News

DOL Issues Advisory Opinion Regarding Investment Management Fees

The Department of Labor (DOL) has responded to fiduciary responsibility questions from Citigroup Inc. (Citi) related to their Racial Equity Asset Manager Program.

October 09 2023

Industry & Regulatory News

IRS Announces Deadline Relief for Seawater Intrusion in Parts of Louisiana

The IRS has announced the postponement of certain tax-related deadlines for victims of seawater intrusion in parts of Louisiana.

October 02 2023

Industry & Regulatory News

IRS Priority Guidance Plan Includes Retirement Items

The IRS has issued its 2023-2024 Priority Guidance Plan, in which it describes guidance projects in the current fiscal year.

October 02 2023

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.

October 02 2023