The SECURE 2.0 Act of 2022 (SECURE 2.0) significantly changes the legal and administrative compliance landscape for U.S. retirement plans. Foley & Lardner LLP is authoring a series of articles that take a “deep dive” into key...more
8/16/2023
/ 401k ,
Benefit Plan Sponsors ,
Distribution Rules ,
Employee Contributions ,
Employer Contributions ,
FICA Taxes ,
Individual Retirement Account (IRA) ,
IRS ,
Retirement Plan ,
Safe Harbors ,
SECURE Act ,
Social Security
...Emergency Savings Accounts and Distributions -
Brief overview. As reported previously, SECURE 2.0 permits but does not require plans to add emergency savings accounts beginning with the 2024 plan year, but only...more
Plan sponsors and other administrators of eligible retirement plans must ensure that these plans are operated properly in accordance with the applicable requirements of the Internal Revenue Code, including the applicable plan...more
8/18/2021
/ Audits ,
Automatic Enrollment ,
Benefit Plan Sponsors ,
EPCRS ,
Internal Revenue Code (IRC) ,
IRS ,
Overpayment ,
Retirement Plan ,
Revenue Procedures ,
Self-Correction Programs ,
Voluntary Correction Program