DOL Announces Start of the Lost and Found Information Collection
The Department of Labor has announced the start of a voluntary information collection to establish and maintain the Retirement Savings Lost and Found database.
Washington Pulse - IRS Releases Guidance for LTPT Employees of ERISA 403(b) Plans
The Internal Revenue Service recently issued Notice 2024-73, providing guidance regarding the participation of long-term, part-time employees in 403(b) plans subject to Title I of the Employee Retirement Income Security Act.
IRS Releases Guidance on Inadvertent Benefit Overpayments Under SECURE 2.0
The Internal Revenue Service has released Notice 2024-77, Guidance Under Sections 414(aa) and 402(c)(12) of the Internal Revenue Code with Respect to Inadvertent Benefit Overpayments.
IRS Releases 403(b) Long-Term Part-Time Guidance
The IRS has issued Notice 2024-73, providing question-and-answer guidance on long-term, part-time employees in 403(b) plans.
IRA and Employer Plan Disaster Relief
Learn how disaster victims can access their retirement savings.
New Bill Allowing CITs in 403(b) Plans Introduced in Senate
Included in this bill is a section that would allow 403(b) plans to invest in collective investment trusts (CITs).
IRS Issues Request for Information on Saver’s Match
The IRS has issued Notice 2024-65 requesting comments on implementation of sections 103 and 104 of SECURE 2.0 regarding the Saver’s Match contributions and the Treasury Department’s obligations to promote the new Saver’s Match.
SECURE 2.0 May Impact How Businesses Complete Forms W-2
The IRS has released a fact sheet informing employers that adopting certain plan provisions will impact how certain amounts are reported on Form W-2, Wage and Tax Statement.
ERISA Insights – IRS Releases RMD Regulations
The Internal Revenue Service has released final regulations that revise existing regulations applicable to RMDs, eligible rollover distributions, and excess accumulation tax.
DOL Reports to Congress on Prior Pension Risk Transfer Guidance
The Department of Labor has reported to Congress on Interpretive Bulletin 95-1, pursuant to a directive under Section 321 of SECURE 2.0.
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