Industry & Regulatory News

Industry & Regulatory News

IRS Announces Deadline Relief for Hurricane Idalia in Parts of Georgia

The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Idalia in parts of Georgia.

September 14 2023

Industry & Regulatory News

IRS Updates Procedures for Exceptions from Certain Electronic Filing Requirements

The IRS has issued Revenue Procedure 2023-31, which addresses requests for undue hardship waiver or administrative exception from the electronic filing requirements for Form 8955-SSA, Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits, and Form 5500-EZ, Annual Return of A One Participant (Owners/Partners and Their Spouses) Retirement Plan or A Foreign Plan.

September 13 2023

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Wyoming Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 11, 2023, for Wyoming flooding, for the incident period of June 15, 2023.

September 12 2023

Industry & Regulatory News

PBGC Updates Interest Assumptions for Valuing Benefits for Fourth Quarter 2023

The Pension Benefit Guarantee Corporation (PBGC) has issued a final rule updating interest assumptions under the asset allocation regulation for plans with valuation dates in the fourth quarter of 2023.

September 12 2023

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