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 […]
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 […]
DOL Guidance: Pension-Linked Emergency Savings Accounts (PLESAs)
We previously reported that the IRS has also released guidance on Pension-Linked Emergency Savings Accoungs (PLESAs). See this blog for more information, along with a […]
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 […]
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, […]