In the past week, devastating wildfires in Los Angeles, California, have caused unprecedented destruction across the region, leading to loss of life and displacing tens of thousands. While still ongoing, the fires already...more
1/16/2025
/ 401k ,
California ,
Employee Benefits ,
Hardship Distributions ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Natural Disasters ,
Relief Measures ,
Retirement Plan ,
SECURE Act ,
Tax Liability ,
Tax Planning ,
Wildfires
Under current law, most 401(k) plans permit catch-up contributions that are equally available to all participants who are age fifty or over.
Starting in 2025, the SECURE 2.0 Act allows eligible participants who are ages...more
Employers that provide 401(k) plans on documents that have been “pre-approved” by the Internal Revenue Service (IRS) beware: there is yet another annual notice requirement that may need to be added to your compliance list!...more
On May 18, 2015, the Supreme Court of the United States rendered a much anticipated (by ERISA attorneys, at least) decision in Tibble v. Edison International, clarifying a relatively narrow but still significant issue...more
In furtherance of Section 902 of the American Taxpayer Relief Act of 2012 (ATRA), the Internal Revenue Service (IRS) recently issued Notice 2013-74 updating prior IRS guidance regarding so-called “in-plan” Roth conversions...more