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
After months of suspense and intrigue on whether SECURE 2.0 would make it to the finish line and become law, the U.S. Congress ended the suspense by attaching SECURE 2.0 to the Consolidated Appropriations Act, 2023 funding...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