With 2024 drawing to a close, employers should review any actions needed before year-end with respect to their benefit plans, as well as some upcoming deadlines that may require advance planning. As the adage attributed to...more
11/21/2024
/ Automatic Enrollment ,
Benefit Plan Sponsors ,
Cybersecurity ,
Department of Health and Human Services (HHS) ,
Eligibility Determination ,
Employee Benefits ,
Employer Liability Issues ,
Extensions ,
Forfeiture ,
Health and Welfare Plans ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Health Plan Sponsors ,
MHPAEA ,
NQTLs ,
Part-Time Employees ,
Qualified Retirement Plans ,
Required Minimum Distributions ,
Roth IRA ,
SECURE Act ,
Telehealth
With 2023 drawing to a close, it is a good time for employers to consider any actions needed before year-end with respect to their benefit plans. We made a list, and we encourage plan sponsors to check it twice....more
The IRS has announced a two-year “administrative transition period” for plan sponsors to implement the SECURE 2.0 Act provision requiring higher-income employees to make retirement plan catch-up contributions as Roth...more
8/29/2023
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Comment Period ,
Employee Benefits ,
Employee Contributions ,
Individual Retirement Account (IRA) ,
IRS ,
Relief Measures ,
Retirement Plan ,
Roth IRA ,
SECURE Act
President Biden signed the Consolidated Appropriations Act, 2023, on December 29, 2022, which includes the package of retirement plan legislation known as “SECURE 2.0.” SECURE 2.0 contains numerous significant changes for...more
The IRS has extended the deadline for plan sponsors of qualified retirement plans and IRAs to make amendments under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the Taxpayer Certainty and...more
9/27/2022
/ 403(b) Plans ,
457(b) Plans ,
Benefit Plan Sponsors ,
CARES Act ,
Individual Retirement Account (IRA) ,
IRS ,
New Guidance ,
Plan Documents ,
Qualified Retirement Plans ,
Relief Measures ,
Required Minimum Distributions ,
Retirement Plan ,
SECURE Act ,
Time Extensions