28 pages, rev. Mar. 2024. "Reminders [1] The COVID-19 related credit for qualified sick and family leave compensation is limited to leave taken after March 31, 2020, and before October 1, 2021.... [2] The COVID-19 related employee retention credit has expired.... [3] Credit for COBRA premium assistance payments is limited to periods of coverage beginning on or after April 1, 2021, through periods of coverage beginning on or before September 30, 2021." [Also available: Form CT-1X: Adjusted Employer's Annual Railroad Retirement Tax Return or Claim for Refund (rev. Mar. 2024)]  MORE >>

"[Notice 2024-2] confirms that ['terminally ill individual distributions' (TIIDs)] are available to participants in ... defined benefit and defined contribution plans (including 401(k) plans), 403(a) annuity plans, 403(b) plans, and both traditional and Roth IRAs. The notice also indicates that all participants and beneficiaries in these plans may be eligible to receive TIIDs, not just current employees."  MORE >>

"What changes did SECURE and SECURE 2.0 make to the significance of age 70½? Lower the in-service distribution age ... Increase in the RMD beginning age ... What 457(b) plan provisions related to age 70½ did not change? Normal retirement age (NRA) ... Discussion of special 3-year catch-up ... Application of the NRA rule."  MORE >>

"[FEMA] issued disaster declaration 4765 and 4766 on March 20, 2024, for Rhode Island severe storms and flooding, for the incident periods of December 17-19, 2023, and January 9-13, 2024.... Employers with qualified retirement plans may allow participants to take hardship distributions if they have incurred expenses and losses because of a FEMA-declared disaster, and their principal residence or place of employment at the time of the disaster is located in an area designated by FEMA as eligible for individual disaster assistance."  MORE >>

"[This article delves] into the recent legislative updates across several states, highlighting the strides being made to bolster pension provisions."  MORE >>

"[PBGC Director Gordon Hartogensis] emphasized that neither the PBGC nor the Central States plan have made any payments to the estates of deceased participants' ... He added that '[PBGC is] implementing a repayment mechanism for any SFA amounts that were paid based on inaccurate census data,' and that Central States is currently negotiating the terms of repayment with the Civil Division of the Department of Justice."  MORE >>

"[T]he average expense ratio for equity mutual funds declined for the fourteenth straight year in 2023, while the average expense ratio for bond mutual funds remained unchanged from its level in 2022.... From 1996 to 2023, average equity mutual fund expense ratios dropped by 60 percent and average bond mutual fund expense ratios dropped by 56 percent.... In 2023, 92 percent of gross sales of long-term mutual funds went to no-load funds without 12b-1 fees, compared with 46 percent in 2000."  MORE >>

"This worksheet helps you determine what percent of pay to save for retirement. These calculators are provided only as general self-help tools. Results depend on many factors, including the assumptions you provide."  MORE >>

23 pages, rev. Mar. 20, 2024. " Issues that arise when examining NQDC include the timing of income inclusion for the employee or service provider, the timing of the deduction for the employer or service recipient, and when deferred amounts are subject to employment taxes."  MORE >>

28 pages. "The FASB is issuing the amendments in this Update to improve generally accepted accounting principles (GAAP) by adding an illustrative example to demonstrate how an entity should apply the scope guidance in paragraph 718-10-15-3 to determine whether profits interest and similar awards should be accounted for in accordance with Topic 718, Compensation -- Stock Compensation."  MORE >>