On January 10, 2025, the Treasury Department and the IRS issued Proposed Regulations addressing one of SECURE 2.0’s signature requirements: that all newly established 401(k) plans and 403(b) plans with cash or deferred...more
1/20/2025
/ 401k ,
403(b) Plans ,
Automatic Enrollment ,
Compliance ,
Employee Retirement Income Security Act (ERISA) ,
IRS ,
Proposed Regulation ,
Retirement Plan ,
SECURE Act ,
Tax Reform ,
U.S. Treasury
On January 10, 2025, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued proposed regulations regarding the provisions of the SECURE 2.0 Act of 2022 (“SECURE 2.0”) that relate to...more
1/15/2025
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Employee Benefits ,
Internal Revenue Code (IRC) ,
IRS ,
Proposed Regulation ,
Retirement ,
Retirement Plan ,
SECURE Act ,
Tax Planning
On Friday, August 23, 2023, the IRS issued Notice 2023-62, which provides long-awaited relief regarding the SECURE 2.0 requirement that age 50 catch-up contributions for higher income participants in Section 401(k), 403(b),...more
SECURE 2.0 brought with it a number of changes to retirement savings plan rules. In the fourth segment of our SECURE 2.0 webinar series, we will be tackling changes, including impending deadlines, to 401(k) plans....more
As the end of 2022 approaches, it’s again time for plan sponsors to review their plan documents and plan operations to ensure compliance with increasingly complex qualification requirements and moving deadlines. While there...more
You may have changed the way hardship withdrawals are made from your 401(k) plan a couple of years ago to comply with changes in the law, but did you amend your plan? And for amendments to required minimum distributions that...more
As we approach the end of 2021, it’s again time for sponsors of 401(a) and 403(b) plans to review their plan documents and plan operations to ensure compliance with increasingly complex qualification requirements. While...more
The IRS recently announced (Notice 2021-61, Nov. 4, 2021) that many of the key pension limits will increase next year – some significantly due to higher inflation. The Social Security Administration and PBGC also recently...more