SECURE 2.0 Expands Roth Options for Employer-Sponsored Retirement Plans
The SECURE 2.0 Act contains provisions that allow individuals to place more of their assets into Roth accounts.
SECURE 2.0 Permits De Minimis Financial Incentives
For plan years beginning after December 29, 2022, employers that sponsor 401(k) or 403(b) plans may offer employees a “de minimis” financial incentive, such as a gift card, as long as the cost of the incentive is paid by the employer and not paid from plan assets.
Agencies Release Reporting and Disclosure RFI Under SECURE 2.0
The Department of Treasury, the Department of Labor, and the Pension Benefit Guaranty Corporation have released a Request for Information pursuant to Section 319 of SECURE 2.0.
DOL Releases Proposed Regulation on Automatic Portability Under SECURE 2.0
The Department of Labor has announced the release of a proposed regulation on automatic portability transactions pursuant to Section 120 of SECURE 2.0.
DOL Posts FAQs on PLESAs Under SECURE 2.0
The Department of Labor has announced the release of a set of frequently asked questions intended to provide general compliance information.
Washington Pulse: IRS Releases Guidance on SECURE 2.0 Provisions
The Internal Revenue Service has released Notice 2024-02, which provides guidance in a question and answer format regarding several provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0).
OMB Completes Review of DOL Automatic Portability Exemption Proposal
A Department of Labor proposed rule titled Exemption for Certain Automatic Portability Transactions has been removed from the Office of Management and Budget’s list for review.
IRS Issues Limited Guidance for PLESAs Under SECURE 2.0
The IRS has released Notice 2024-22, providing guidance on anti-abuse rules under Section 127 of the SECURE 2.0 Act with respect to Pension-Linked Emergency Savings Accounts.
IRS Issues SECURE 2.0 Guidance
The IRS has released Notice 2024-2, Miscellaneous Changes Under the SECURE 2.0 Act of 2022.
IRS Issues Proposed Long-Term, Part-Time Regulations
The Internal Revenue Service has released a proposed regulation reflecting statutory changes related to long-term, part-time employees made by the SECURE Act of 2019 (SECURE Act) and the SECURE 2.0 Act of 2022 (SECURE 2.0).
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