As signed into law, Section 603 of the SECURE 2.0 Act of 2022 (SECURE 2.0) required that effective as of January 1, 2024, participants in 401(k) plans, 403(b) plans, or governmental 457(b) plans, who were age 50 or older and...more
8/30/2023
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Employee Benefits ,
Employee Contributions ,
IRS ,
Retirement ,
Retirement Funds ,
Retirement Plan ,
Roth IRA ,
SECURE Act ,
Tax Liability
On August 3, 2022, the IRS published Notice 2022-33, which extends the deadlines for amending retirement plans and IRAs to reflect certain changes to the law made by the SECURE Act; the Bipartisan American Miners Act; and...more
8/10/2022
/ Benefit Plan Sponsors ,
CARES Act ,
Deadlines ,
Employee Benefits ,
Individual Retirement Account (IRA) ,
IRS ,
Regulatory Reform ,
Regulatory Requirements ,
Retirement ,
Retirement Plan ,
Retirement Plan Providers ,
SECURE Act
On Friday, July 16, 2021, the Internal Revenue Service (IRS) published the most recent revision to the Employee Plans Compliance Resolution System (EPCRS) in Revenue Procedure 2021-30. Revenue Procedure 2021-30 supersedes and...more
On May 18, 2021, the Internal Revenue Service (IRS) released much-anticipated guidance on premium subsidies for continuation coverage under Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provided by the...more
6/1/2021
/ American Rescue Plan Act of 2021 ,
Biden Administration ,
COBRA ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Health Insurance ,
Infectious Diseases ,
IRS ,
Premium Subsidies ,
Relief Measures ,
Tax Credits
On May 4, 2020, the IRS provided guidance on coronavirus-related distributions (“CRDs”) and coronavirus-related loans and loan payment delays (“CR Loan Provisions”) in the form of FAQs....more
The Internal Revenue Service (IRS) released eagerly anticipated guidance on Friday, March 27, 2020, aimed at employers wishing to take advantage of the tax credits for providing employees with paid sick leave and paid family...more
3/31/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
Financial Stimulus ,
IRS ,
Popular ,
Relief Measures ,
Sick Pay ,
Tax Credits ,
Trump Administration
The U.S. Treasury Department, Internal Revenue Service (IRS) and the U.S. Department of Labor (DOL) collectively, the "agencies," issued a press release Friday, March 20 updating employers required to provide paid leave to...more
3/21/2020
/ Child Care ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Families First Coronavirus Response Act (FFCRA) ,
IRS ,
Paid Leave ,
Paid Time Off (PTO) ,
Relief Measures ,
Sick Pay ,
Tax Credits ,
U.S. Treasury
The Internal Revenue Service (IRS) has released the 2016 cost of living adjustments affecting dollar limits on benefits and contributions under qualified retirement plans and health savings accounts, which are largely...more
10/26/2015
/ 401k ,
Cost-of-Living Adjustment (COLA) ,
Defined Benefit Plans ,
Employee Benefits ,
Employee Contributions ,
ESOP ,
HDHP ,
Health Savings Accounts ,
IRS ,
Qualified Benefit Plans ,
Qualified Retirement Plans ,
Retirement Plan