IRS SECURE 2.0 Act Guidance Addresses Auto-Enrollment, Other Topics
As we have previously reported, the IRS released Notice 2024-2 on December 20, 2023, providing welcome guidance on a select number of provisions affecting qualified […]
Form 5558 Electronic Filing Postponed
After a bit of rumor and speculation, the IRS has announced on its website that, due to administrative issues involving the EFAST2 system, IRS Form […]
IRS Issues Guidance on Certain Secure 2.0 Act Provisions
On December 20, 2023, the IRS released Notice 2024-2 which provides welcome guidance on a number of provisions affecting qualified retirement plans, including 401(k) plans, […]
6 Tips for Getting Compliance Buy-In
Everyone agrees that benefits plan compliance is important… but how important is it to your decision makers? Because compliance isn’t something that receives lots of […]
IRS Extends Amendment Deadline for Recent New Laws
The IRS announced in Notice 2024-2 that the amendment deadline most qualified retirement plans, including 401(k) plans, for several recent pieces of federal legislation generally […]
IRS 2023 Required Amendments (RA) List Calls For No Changes
On November 8, 2023, the IRS released Notice 2023-79, its annual list of required amendments (“RA List”) for individually designed qualified retirement plans, including 401(k) […]
Long-Term, Part-Time Employee (LTPTE) Regulations Proposed by IRS
On November 27, 2023, the IRS released proposed regulations addressing the new rules for long-term, part-time employees (“LTPTEs”) under tax-qualified retirement plans, including 401(k) plans. […]
2024 Adjusted Dollar Limits for 401(k) Plans Released by IRS
The IRS recently released its annual notice, Notice 2023-75, outlining adjusted dollar limits for contributions and benefits under qualified retirement plans, including 401(k) plans. The […]
Gag Clause Attestation Deadline Looming
What is the Gag Clause Attestation? The Consolidated Appropriations Act of 2021 prohibits health plans from entering onto an agreement with plan service providers that […]