Washington Update
Rules & Regulations
Summaries of the latest news from Washington and the courts—what’s coming,
what’s contemplated and what’s critical for plan sponsors to know.
what’s contemplated and what’s critical for plan sponsors to know.
Reported by PLANSPONSOR staff
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Retirees Taking 1st RMDs Must Do So by April 1
The IRS rule applies to most participants in workplace retirement plans and all traditional IRA owners.
IRS Provides Relief for Participants Impacted by California Wildfires
Relief includes postponed deadlines for 2024 retirement contributions and penalty-free hardship withdrawals for impacted participants.
IRS Covered Compensation Tables Available for 2025
The two tables allow plan sponsors to determine additional benefits for employees whose compensation exceeds certain levels.