Retirement Plan Disaster Assistance May Be Available for Several Disasters

The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on September 11, 2025, for the following disasters.

Wisconsin severe storms, straight-line winds, flooding and mudslides, for the incident period August 9, 2025 – August 12, 2025.

Sisseton-Wahpeton Oyate severe storm and flooding, for the incident period June 12, 2025 – June 16, 2025.

Kansas severe storms, straight-line winds, tornadoes and flooding, for the incident period June 3, 2025 – June 7, 2025.

North Carolina tropical depression Chantal, for the incident period July 6, 2025 – July 7, 2025.

Crow Tribe of Montana severe storms, straight-line winds and flooding, for the incident period May 18, 2025 – May 22, 2025.

North Dakota severe storm, tornadoes, and straight-line winds, for the incident period June 20, 2025 – June 21, 2025.

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 May Be Provided Later

The IRS may also issue relief related to this disaster for certain tax-related deadlines. Additional information can be found at the IRS Tax Relief in Disaster Situations website and will be announced here if such relief is granted.

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.