Defined contribution plan

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on May 17, 2023, for Tennessee severe thunderstorms and possible strong tornadoes, for the incident period of March 1, 2023 – March 3, 2023.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on May 9, 2023, for severe storms, straight-line winds, flooding, landslides, and mudslides in Kentucky, for the incident period of February 15, 2023 – February 20, 2023.

The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms, straight-line winds, flooding, landslides, and mudslides in California.

Effective May 3, 2023, the prime interest rate increased from 8.00 percent to 8.25 percent.

The IRS recently released proposed regulations regarding the use of forfeitures within qualified retirement plans.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 27, 2023, for severe storms, tornadoes, and flooding in Florida, for the incident period of April 12, 2023 – April 14, 2023.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 27, 2023, for severe winter storms, flooding, landslides, and mudslides in Nevada, for the incident period of March 8, 2023 – March 19, 2023.

A bill introduced by Congressman Bill Huizenga (R-MI), has been passed out of the House Financial Services Committee.

Congressman Patrick McHenry (R-NC), Chairman of the House Financial Services Committee has introduced H.R. 2799, the Expanding Access to Capital Act.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 24, 2023, for Oklahoma severe storms, straight-line winds, and tornadoes, for the incident period of April 19, 2023 – April 20, 2023.