Employers that sponsor retirement plans continue to have a lot on their plate. With SECURE Act 2.0 requirements now in play, this legislation continues to add more and more to your (already) overflowing plate. However, as is...more
2/14/2024
/ 401k ,
403(b) Plans ,
Automatic Enrollment ,
Deadlines ,
Employee Benefits ,
Employer Contributions ,
Hardship Distributions ,
Incentives ,
IRS ,
Pension Plan Amendments ,
Retirement Plan ,
Roth IRA ,
SECURE Act ,
Self-Correction Programs
Employers that sponsor 401(k) or 403(b) plans should be aware of eligibility and participation rules for their long-term, part-time (LTPT) employees. Historically, such plans could exclude employees who worked fewer than...more
2/1/2024
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Eligibility ,
Employee Benefits ,
Employer Contributions ,
Exempt-Employees ,
Former Employee ,
Part-Time Employees ,
Proposed Regulation ,
Retirement Plan ,
SECURE Act ,
Vesting
Get Ready For The New Year Ahead -
Employees can contribute more pre-tax dollars next year to their retirement savings accounts, including 401(k) and 403(b) plans, according to an IRS announcement made on November 1. Your...more
11/7/2023
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Best Practices ,
Contribution Limits ,
Employee Benefits ,
Health Savings Accounts ,
Income Taxes ,
IRS ,
Retirement Plan ,
Retirement Plan Providers ,
Tax Deferral
October is here. That means football is in full swing, pumpkin spice lattes are plentiful, and federal student loan payments will resume after being on pause since 2020. Employees with student loan debt are feeling the pinch...more
In welcome news to employers, recordkeepers, and payroll providers, the IRS announced last week that it is giving more time to comply with mandatory Roth catch-up contributions under the SECURE Act 2.0. As you may know,...more
8/30/2023
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Comment Period ,
Contribution Limits ,
Employee Benefits ,
IRS ,
Public Comment ,
Retirement Plan ,
Retirement Plan Providers ,
Roth IRA ,
SECURE Act