IRS reminds employers that implementing certain optional retirement plan provisions of SECURE 2.0 affect Form W‑2 and Form 1099‑R reporting starting in 2023 -
The IRS recently issued Fact Sheet 2024‑18 to highlight how...more
5/14/2024
/ 1099s ,
Benefit Plan Sponsors ,
Documentation ,
Employee Benefits ,
Employees ,
Employer Liability Issues ,
Incentives ,
Individual Retirement Account (IRA) ,
IRS ,
Reporting Requirements ,
Retirement Plan ,
Roth IRA ,
SECURE Act ,
Tax Planning ,
W-2
New proposed regulations clarify how employers should implement retirement plan eligibility rules for long-term, part-time ("LTPT") employees. While some questions remain, the proposed regulations provide a number of welcome...more
12/15/2023
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Employee Contributions ,
Employee Retirement Income Security Act (ERISA) ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Non-Discrimination Rules ,
Proposed Regulation ,
Retirement Plan ,
Safe Harbors ,
SECURE Act
On Friday, Aug. 25, 2023, the IRS announced a two-year reprieve for employers on the implementation of SECURE 2.0's requirement that catch-up contributions made by higher-income participants be designated as after-tax Roth...more