In connection with a merger, acquisition, or other corporate (M&A) transaction, buyers often face the dilemma of how to handle the seller’s existing retirement plans covering the continuing employees. Terminating a seller’s...more
The Internal Revenue Service (IRS) released Notice 2023-43 (Notice) on May 25, which provided guidance regarding the expansion of the IRS’s Employee Plans Compliance Resolution System (EPCRS) mandated by Section 305 of the...more
6/5/2023
/ Comment Period ,
Compensation & Benefits ,
Employee Benefits ,
EPCRS ,
Individual Retirement Account (IRA) ,
IRS ,
Public Comment ,
Retirement Plan ,
SECURE Act ,
U.S. Treasury ,
Voluntary Correction Program
Signed into law at the very end of 2022, the SECURE 2.0 Act of 2022 (SECURE Act 2.0) makes far-ranging changes to the US employer-retirement plan system. Continuing momentum and themes from earlier legislation (notably, the...more