ERISA News

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Hurricane Helene

The Federal Emergency Management Agency (FEMA) has issued Major Disaster Declarations on the following dates:

September 30 2024

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Vermont Severe Storms

The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on September 26, 2024, for Vermont Severe Storms, Flooding, Landslides, and Mudslides, for the incident period of July 29 – July 31, 2024.

September 27 2024

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Georgia, Nebraska, Washington, Kansas, and New York

The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on September 24, 2024, for the following locations:

September 25 2024

Industry & Regulatory News

New Bill Allowing CITs in 403(b) Plans Introduced in Senate

Senator Tim Scott (R-SC), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, along with fellow republican committee members Senators Mike Crapo (R-ID), Mike Rounds (R-SD), Thom Tillis (R-NC), John Kennedy (R-LA), Bill Hagerty (R-TN), Cynthia Lummis (R-WY), Katie Britt (R-AL), Kevin Cramer (R-ND), Steve Daines (R-MT), and Jerry Moran (R-KS), have introduced S. 5139, Empowering Main Street in America Act of 2024.

September 25 2024

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for New York, Illinois, and Connecticut Disasters

The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on September 20, 2024.

September 23 2024

Industry & Regulatory News

IRS Announces Deadline Relief for Pennsylvania Tropical Storm Debby

The IRS has announced the postponement of certain tax-related deadlines for victims of Tropical Storm Debby in Pennsylvania.

September 19 2024

Industry & Regulatory News

IRS Issues Yield Curves and Segment Rates for DB Plan Calculations

The Internal Revenue Service has issued Notice 2024-67, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

September 19 2024

Industry & Regulatory News

Prime Interest Rate Lowered to 8 Percent

Effective September 19, 2024, the prime interest rate decreased from 8.50 percent to 8 percent.

September 19 2024

Industry & Regulatory News

House Passes Bill Expanding HSA Use to Chronic Care

H.R. 3800, the Chronic Disease Flexible Coverage Act introduced by Representative Brad Wenstrup (R-OH), and co-sponsor Representative Earl Blumenauer (D-OR), passed the House by a voice vote.

September 19 2024
HSA

Industry & Regulatory News

Proposal to Roll Back ESG Investing Approved in House

The House passed H.R. 5339, the Roll back ESG To Increase Retirement Earnings Act (RETIRE Act), by a vote of 217-206.

September 19 2024