We understand that running an automotive supplier business involves more than just industry-specific issues. That's why we regularly provide important insights and tips on broader legal trends to help you navigate challenges...more
Recent developments spotlight issues with forfeiture and other unallocated accounts in defined contribution retirement plans, such as 401(k) plans:
•The IRS has set the deadline for plan forfeiture use.
•Participants in...more
On November 27, 2023, the IRS published proposed regulations clarifying the rules for long‑term, part-time employees (“LTPT employees”).
The new rules — long-awaited since enactment of the SECURE Act in December 2019 —...more
12/8/2023
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Eligibility ,
Full-Time Employees ,
IRS ,
Part-Time Employees ,
Proposed Regulation ,
Recordkeeping Requirements ,
Safe Harbors ,
Seasonal Workers ,
SECURE Act ,
Temporary Employees ,
Vested Benefits