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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:
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.
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:
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.
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.
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.
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.
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.
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.
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.