Our prior bulletin summarized the multitude of changes applicable to 401(k) and other retirement plans under the recently enacted “SECURE 2.0” law. This bulletin focuses on one of those changes and a potential reason for...more
The 2022 holiday season brought a long-awaited gift from Congress; the retirement plan bill known as “SECURE 2.0” (successor to 2019’s Setting Every Community Up for Retirement Enhancement Act, the original “SECURE Act”) was...more
1/6/2023
/ 401k ,
403(b) Plans ,
Automatic Enrollment ,
Employee Contributions ,
Profit Sharing ,
Required Minimum Distributions ,
Retirement Plan ,
SECURE Act ,
Student Loans ,
Tax Credits ,
Vested Benefits
Under federal law, amounts withheld from employee paychecks as 401(k) plan contributions are required to be promptly deposited into the trust under the plan. Failure to do so requires correction by the employer and can also...more