As 2023 comes to an end, we are pleased to present our traditional End of Year Plan Sponsor “To Do” Lists. This year, we present our “To Do” Lists in four separate SW Benefits Updates. Part 1 covered health and welfare plan...more
12/4/2023
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Automatic Enrollment ,
Best Practices ,
CARES Act ,
Cybersecurity ,
Department of Labor (DOL) ,
Employee Contributions ,
EPCRS ,
Fee Disclosure ,
IRS ,
QACA ,
Qualified Retirement Plans ,
Reporting Requirements ,
Required Amendments (RAs) ,
Roth IRA ,
SECURE Act ,
Student Loans
On August 25, 2023, the IRS issued Notice 2023-62, which gives retirement plan sponsors a two-year administrative transition period to implement the SECURE 2.0 requirement that certain catch-up contributions to 401(k) and...more
In Announcement 2017-11, the IRS relaxed standards for hardship distributions and loans from qualified retirement plans for those affected by Hurricane Harvey. This relief applies to employees or former employees and their...more