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 […]
State Leave Laws + Employee Benefits
It’s Employee Handbook season! As you are writing your policies, don’t forget that state leave laws may affect your employee benefits! As of October 2023, […]
Retirement Plan Assistance for Domestic Abuse Survivors
To better assist domestic abuse survivors, retirement plan administrators may consider amending their plan for 2024. Section 314 of the SECURE 2.0 Act beginning in […]