The Department of Labor (DOL) issued guidance earlier this month that will affect defined benefit plans’ annual funding notices. The annual funding notice requirements were amended by SECURE 2.0 and are effective for plan...more
4/23/2025
/ Amended Regulation ,
Defined Benefit Plans ,
Department of Labor (DOL) ,
Employee Benefits ,
Filing Deadlines ,
Multiemployer Plan ,
New Guidance ,
Notice Requirements ,
Pensions ,
Regulatory Requirements ,
Retirement Plan ,
SECURE Act
The retirement plan industry has been wrestling with the changes to required minimum distribution (RMD) provisions made by the SECURE Act and SECURE 2.0. One issue in particular has caused considerable confusion....more
8/28/2024
/ Beneficiaries ,
Distribution Rules ,
Employee Benefits ,
Excise Tax ,
Guidance Update ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
New Rules ,
Relief Measures ,
Required Minimum Distributions ,
Retirement Plan ,
SECURE Act
IRS guidance issued last week delays the implementation of mandatory Roth catch-up contributions. As outlined in our blog post earlier this year, SECURE 2.0 amended the catch-up contribution provisions of the Code....more