Retirement Plan Disaster Assistance May Be Available for Several Disasters
The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on May 29 for the following storms.
- Native Village of Kipnuk Severe Storms, Flooding, and Remnants of Typhoon Halong in Alaska, for the incident period October 8, 2025 - October 13, 2025.
- Kentucky Severe Winter Storm, for the period January 23, 2026 - January 27, 2026.
- Fort Peck Tribes Severe Winter Storm and Straight-line Winds, for the period December 17, 2025 - December 18, 2025.
- Crow Tribe of Montana Severe Winter Storm and Straight-line Winds, for the period December 17, 2025 - December 19, 2025.
- Delaware Severe Winter Storm, for the period February 22, 2026 - February 23, 2026.
For a limited period of time following a disaster declaration, eligible IRA owners and employer plan participants may take qualified disaster recovery distributions and recontribute qualified home purchase distributions that they recently received. In addition, plan participants may qualify for plan loan relief and additional hardship distributions.
Visit the Ascensus and FuturePlan disaster relief resource for more information.
Additional IRS Deadline Relief
The Internal Revenue Service (IRS) has also issued relief related to this disaster for certain tax-related deadlines. Additional information can be found at the IRS Tax Relief in Disaster Situations website.
Taxpayers should review the IRS’ disaster relief frequently asked questions and Form 8915-F, Qualified Disaster Retirement Plan Distributions and Repayments and its instructions, in addition to consulting with their tax advisor to understand the impact of the various disaster related options on their own situation.
