DOL Retirement Savings Lost and Found Database Begins Voluntary Data Collection Process
On November 18, 2024, the U.S. Department of Labor (DOL), through its Employee Benefits Security Administration (EBSA), announced that it will immediately begin collecting information […]
IRS Releases Guidance on Overpayments from 401(k) Plans
On October 15, 2024, the IRS released Notice 2024-77, addressing new rules regarding corrections of overpayments from retirement plans (including 401(k) plans) under the SECURE […]
2025 Adjsted Dollar Limits for 401(k) Plans Released by IRS
On November 1, 2024, the IRS released its annual notice, Notice 2024-80, setting forth the various dollar limitations for contributions and benefits under qualified retirement […]
IRS Ruling on 401(k) Discretionary Contributions
On August 23, 2024, the IRS gave its approval to a novel arrangement in which employees participating in their employer’s 401(k) plan would be permitted […]
IRS Releases Guidance on Matching Contributions for Qualified Student Loan Payments
On August 19, 2024, the IRS released Notice 2024-63, providing guidance in the form of Q&As regarding employer matching contributions for “qualified student loan payments” […]
IRS Final Regulations on Required Minimum Distributions Address Both Secure Acts
On July 19, 2004, the IRS released final regulations on required minimum distributions (“RMDs”) that address changes to the RMD rules made by the Setting […]
Form 5330 May Be Filed Via Paper or Electronically for 2023, 2024
On July 12, 2004, the IRS announced on its website website and in an “Employee Plan News” release dated July 17, 2024 that, due to the […]
IRS Guidance: Emergency Personal Expense and Domestic Abuse Survivor Distributions
On June 20, 2024, the IRS issued Notice 2024-55 addressing exceptions to the 10 percent additional tax for early withdrawals in the case of (1) […]
IRS Releases Guidance on Disaster Relief Distributions and Loans under 401(k) Plans
On May 3, 2024, the IRS issued guidance in the form of “frequently asked questions” (FAQs) on disaster relief distributions and expanded loans under qualified […]