RETIREMENT EVOLVES
SECURE 2.0: What plan sponsors, administrators, and recordkeepers need to know
After the Department of Labor's proposed rule on a requirement for DB and DC plans to provide paper statements, we cover key considerations for retirement plan sponsors.
Sponsors of defined benefit (DB) and defined contribution (DC) plans should review these items and work with their service providers to address any questions before the effective dates.
The Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor (DOL) recently issued its report to Congress on Interpretive Bulletin 95-1 (IB 95-1).
The Internal Revenue Service (IRS) recently issued two fact sheets related to certain retirement plan changes provided in the SECURE 2.0 Act of 2022 (SECURE 2.0).
As we draw closer to the time of year that defined benefit (DB) plans start sending out their annual funding notices (AFNs), we wanted to draw attention to SECURE 2.0 changes that will apply to single-employer DB plans beginning with the 2024 plan year AFNs sent out in 2025.
Our latest Benefits Alert contains information about two expected key corrections for SECURE 2.0 impacting employer-sponsored defined benefit and defined contribution plans.
We review recent IRS guidance related to long-term, part-time (LTPT) employee rules for cash or deferred arrangements (CODA) under section 401(k).
On July 14, 2023, the Internal Revenue Service (IRS) issued Notice 2023-54, providing guidance related to certain required minimum distributions (RMDs) for 2023 and transition relief.
This Client Action Bulletin reviews the increase to the mandatory cash-out limit under the SECURE 2.0 Act of 2022 for tax-qualified, employer-sponsored DB and DC plans.
