In a previous article, we outlined the IRS’ proposed regulations implementing Section 603 of the SECURE 2.0 Act, which requires certain high earners to make catch-up contributions on a Roth basis beginning in 2026. ...more
One topic that frequently arises is whether a qualified governmental plan, under Internal Revenue Code (Code) Section 401(a), may allow an employee the election on whether to contribute at different pretax employee...more
7/11/2025
/ 401k ,
COBRA ,
Employee Benefits ,
Employee Contributions ,
Employer Contributions ,
Internal Revenue Code (IRC) ,
IRS ,
Pensions ,
Public Employees ,
Public Employers ,
Retirement Plan
The Internal Revenue Service (IRS) began terminations of employees on February 20, 2025, with initial news reports of layoffs set to 6,000 terminations and a stated intent to downsize its workforce by upwards of 50 percent as...more
6/19/2025
/ 401k ,
Audits ,
Employee Benefits ,
Government Agencies ,
IRS ,
Layoffs ,
Restructuring ,
Retirement Plan ,
SECURE Act ,
Tax Exempt Entities ,
Taxation ,
Voluntary Self-Audit