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 […]
IRS Guidance: Pension-Linked Emergency Savings Accounts (PLESA)
On January 12, 2024, the IRS issued Notice 2024-22, initial guidance on emergency savings accounts linked to 401(k) plans under the SECURE 2.0 Act. The […]
SECURE 2.0 Guidance Addresses Designated Roth Contributions
This is the second of two blogs on IRS Notice 2024-2. (Check out the first blog here!)This notice provided welcome guidance on a select number […]
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, […]
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. […]