Industry & Regulatory News

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Georgia Hurricane Idalia

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 7, 2023, for Georgia Hurricane Idalia, for the incident period of August 30, 2023.

September 11 2023

Industry & Regulatory News

DOL Sends Fiduciary Rule to OMB

The Department of Labor has sent a proposed rule titled “Retirement Security” (formerly titled “Conflict of Interest in Investment Advice”, also known as the Fiduciary Rule) to the Office of Management and Budget (OMB).

September 11 2023

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Maine Severe Storm and Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 5, 2023, for Maine severe storm and flooding, for the incident period of June 29, 2023.

September 06 2023

Industry & Regulatory News

IRS Announces Deadline Relief for South Carolina Taxpayers Impacted by Idalia

The Internal Revenue Service (IRS) has announced the postponement of certain tax-related deadlines for victims of Idalia in South Carolina.

September 06 2023

Industry & Regulatory News

Several Amendments to ERISA Proposed in House

Several bills have been introduced in the House of Representatives that would make amendments to the Employee Retirement Income Security Act of 1974 (ERISA).

September 06 2023

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Tennessee Severe Storms

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 4, 2023, for Tennessee severe storms and straight-line winds, for the incident period of July 18–July 21, 2023.

September 05 2023

Industry & Regulatory News

Plan Sponsors May Be Able to Ignore 8955-SSA Late Filing Letters

The IRS has announced that plan sponsors who timely filed complete Forms 8955-SSA do not need to respond to CP 283-C penalty notices dated prior to September 1, 2023. In an Employee Plans News bulletin, the IRS indicates the CP 283-C was sent to plan sponsors who timely filed their 2022 Forms 8955-SSA due to an IRS system programming issue. 

September 01 2023

Industry & Regulatory News

IRS Announces Deadline Relief for Florida

The IRS has announced the postponement of certain tax-related deadlines for victims of Idalia. The tax relief postpones various tax filing deadlines that began on August 27, 2023. Affected individuals and households who reside or have a business in Alachua, Baker, Bay, Bradford, Calhoun, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Duval, Flagler, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Hardee, Hernando, Hillsborough, Jefferson, Lafayette, Lake, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion, Nassau, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, Sumter, Suwannee, Taylor, Union, Volusia and Wakulla counties, as well as taxpayers with records located in the covered area that are needed to meet covered deadlines, qualify for relief. 

August 31 2023

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Florida Hurricane Idalia

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 31, 2023, for Florida Hurricane Idalia, for the incident period beginning August 27, 2023, and continuing.

August 31 2023

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Oregon

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 28, 2023, for Oregon severe storms, flooding, landslides, and mudslides, for the incident period of June 11, 2023 – June 12, 2023.

August 30 2023