More retirement-related regulatory news for plan sponsors, including links to detailed information.
FAQs for participants and beneficiaries following California wildfires issued
The Employee Benefits Security Administration of the U.S. Department of Labor (DOL) released guidance for employee benefit plan participants and beneficiaries in the wake of the 2018 California wildfires.
To download the guidance, click here.
Postponement of deadlines for taxpayers affected by a federally declared disaster issued
The Internal Revenue Service (IRS) published Revenue Procedure 2018-58, which provides an updated list of time-sensitive acts, the performance of which may be postponed under sections 7508 and 7508A of the Internal Revenue Code (Code). Section 7508 postpones specified acts for individuals serving in the armed forces of the United States or serving in support of such armed forces in a combat zone or serving with respect to a contingency operation as defined in 10 U.S.C. § 101(a)(13).
To learn more, click here.