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 […]
401(K): NEW MORTALITY TABLE MAY LEAD TO LOWER RMDS UNDER 401(K) PLANS
Summary: A new IRS mortality table effective on and after January 1, 2022 may lower the amount of required minimum distributions (“RMDs”) under 401(k) retirement […]
DOL Temporarily Extends Non-Enforcement Relief for Investment Advice Fiduciaries
On October 25, 2021, the U.S. Department of Labor (“DOL”) issued Field Assistance Bulletin (“FAB”) 2021-02 , temporarily extending its non-enforcement policy regarding certain rules […]
IRS RELEASES 2022 ADJUSTED DOLLAR LIMITATIONS FOR 401(k) PLANS
On November 4, 2021, the IRS released its annual notice, Notice 2021-61, setting forth the various dollar limitations for contributions and benefits under qualified retirement […]
Congress Finally Passes Secure Act – The Most Sweeping Pension Legislation in Over a Decade is Now Law
After dragging their feet for most of 2019, the U.S. Senate finally, on December 19th, passed the Setting Every Community Up for Retirement Enhancement (“SECURE”) […]
IRS Changes Mailing Addresses (AGAIN!) For Certain Employee Plan Submissions
On December 2, 2019, the IRS announced a new pair of addresses to be used for various employee plans submissions, including applications for determination letters for […]
IRS Releases 2020 Adjusted Dollar Limitations For 401(k) Plans
On November 6, 2019, the IRS released its annual notice setting forth the various dollar limitations for contributions and benefits under qualified retirement plans, including […]
DOL Releases Proposed Regulations Authorizing Default Electronic Notices and Disclosures for 401(k) Plans
On October 22, 2019, the U.S. Department of Labor (“DOL”) issued proposed regulations (and accompanying fact sheet) that would authorize the default usage of electronic […]