The U.S. Department of Labor (DOL) issued a revised Voluntary Fiduciary Compliance Program (VFCP), a long-awaited update by many in the industry. The most significant change is the introduction of a self-correction component,...more
1/16/2025
/ 401k ,
Benefit Plan Sponsors ,
Compliance ,
Deferral Standard ,
Department of Labor (DOL) ,
EBSA ,
Employee Benefits ,
Fiduciary Duty ,
Reporting Requirements ,
Retirement Plan ,
Voluntary Correction Program
The IRS this past Friday issued proposed regulations regarding mandatory Roth catch-up contributions. SECURE 2.0 amended the catch-up contribution provisions of the Code....more
1/14/2025
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Cost-of-Living Adjustment (COLA) ,
Employee Benefits ,
Employee Contributions ,
FICA Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Proposed Regulation ,
Retirement Plan ,
SECURE Act ,
Tax Planning
The IRS released its annual update for the cost-of-living adjustments for 2025. Similar to the adjustments made last year, there are widespread increases for 2025....more
11/5/2024
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Contribution Limits ,
Cost-of-Living Adjustment (COLA) ,
Defined Benefit Plans ,
Employee Benefits ,
Individual Retirement Account (IRA) ,
IRS ,
Qualified Retirement Plans ,
Retirement Plan
SECURE 2.0 provided employees better access to liquid assets during a major life crisis. We have previously discussed the domestic abuse victim distribution exemption and the emergency personal expense distribution exemption...more
The IRS released its annual update for the cost-of-living adjustments for 2024. Similar to the adjustments made last year, there are widespread increases for 2024. ...more