The IRS has made it easier for retirement plan sponsors to fix common plan mistakes without going through a formal filing process. Under interim guidance in Notice 2023-43, sponsors can now correct a broader range of errors...more
The landscape of retirement plan eligibility is shifting, and plan sponsors need to prepare for key compliance changes affecting long-term part-time (“LTPT”) employees. These new rules, mandated by the SECURE Act of 2019 and...more
4/14/2025
/ 401k ,
Benefit Plan Sponsors ,
Compliance ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
IRS ,
New Legislation ,
Part-Time Employees ,
Regulatory Requirements ,
Retirement Plan ,
SECURE Act
The IRS has announced the 2025 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations....more
11/8/2024
/ 401k ,
403(b) Plans ,
Compensation ,
Contribution Limits ,
Cost-of-Living Adjustment (COLA) ,
Flexible Savings Accounts (FSAs) ,
Health and Welfare Plans ,
Highly Compensated Employees ,
HSA ,
IRS ,
Retirement Plan ,
Social Security Taxes
The IRS has announced the 2024 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations.
Retirement Plans -
Similar to...more
The IRS has announced the 2023 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations....more
The IRS has announced the 2022 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations. Retirement Plans - In 2021, many of the...more
On July 16, 2021, the IRS issued Revenue Procedure 2021-30, an updated version of the Employee Plans Compliance Resolution System (“EPCRS”). Retirement plan sponsors may use EPCRS to correct certain compliance mistakes, and...more