Yahoo! Let’s celebrate—the IRS gave us more time! On August 25, 2023, the Internal Revenue Service announced an administrative transition period that effectively delays the deadline for adding Roth catch-up contributions...more
In this series of articles, we explore the implications of SECURE 2.0’s changes to catch-up contributions and how employers should respond.
Nearly all employers offer eligible participants the opportunity to make...more
In this series of articles, we explore the implications of SECURE 2.0’s changes to catch-up contributions and how employers should respond.
In an open letter to Secretary of the Treasury Janet Yellen and IRS Commissioner...more
In this series of articles, we explore the implications of SECURE 2.0’s changes to catch-up contributions and how employers should respond.
Section 603 of the SECURE 2.0 Act requires catch-up contributions made by...more
Join partners from McDermott’s Employee Benefits team as they discuss the impact of the recently passed SECURE 2.0 Act of 2022. With over 90 changes to retirement plans and individual retirement accounts (IRAs), this webinar...more
1/13/2023
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403(b) Plans ,
Automatic Enrollment ,
Consolidated Appropriations Act (CAA) ,
Continuing Legal Education ,
Defined Benefit Plans ,
Early Retirement Distributions ,
Employee Benefits ,
Employee Contributions ,
Employer Contributions ,
Hardship Distributions ,
Health and Welfare Plans ,
Individual Retirement Account (IRA) ,
Required Minimum Distributions ,
Retirement ,
Retirement Funds ,
Retirement Plan ,
Retirement Plan Providers ,
Roth IRA ,
SECURE Act ,
Student Loan Benefit Programs ,
Webinars
Cryptocurrencies and digital assets—such as bitcoin, ether and non-fungible tokens (NFTs)—have become some of the hottest investment products in recent years. The growing interest has inevitably led to retirement plan...more
4/1/2022
/ 401k ,
Cryptocurrency ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Individual Retirement Account (IRA) ,
Investment ,
Investment Adviser ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Plan Participants ,
Retirement Plan
The US Department of Labor (DOL) recently issued guidance concerning a new exemption under the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974 (ERISA) in connection with the provision...more
7/16/2021
/ Banks ,
Broker-Dealer ,
Department of Labor (DOL) ,
Disclosure ,
Employee Retirement Income Security Act (ERISA) ,
Employees ,
Exemptions ,
Fiduciary ,
Fiduciary Duty ,
Individual Retirement Account (IRA) ,
Insurance Industry ,
Internal Revenue Code (IRC) ,
Investment ,
Investment Adviser ,
New Guidance ,
Personal Representatives ,
Prohibited Transactions ,
Retirement Plan
The future of the fiduciary rule—originally set to be implemented this upcoming April—remains uncertain after the White House directed the United States Department of Labor (DOL) to reevaluate, defer implementation and...more
3/3/2017
/ 401k ,
Best Interest Contract Exemptions ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Federal Register ,
Fiduciary Rule ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
Investment Adviser ,
OMB ,
Retirement Plan ,
Trump Administration
In Depth -
After more than five years of development and revision, the US Department of Labor (DOL) released final regulations to redefine a “fiduciary” under the Employee Retirement Income Security Act of 1974, as...more