Under SECURE 2.0, plan sponsors were granted discretion to determine whether or not the plan would recoup "inadvertent benefit overpayments." However, SECURE 2.0, did not define the term, leaving implementation of the new...more
4/18/2025
/ 401k ,
Benefit Plan Sponsors ,
Employee Benefits ,
EPCRS ,
Fiduciary Duty ,
Interim Guidance ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Overpayment ,
Retirement Plan ,
SECURE Act
Late last year, the Department of Labor (DOL) launched the public Retirement Savings Lost and Found Database. Created as part of SECURE 2.0, the DOL hopes that the database will serve as a centralized location to help missing...more
4/11/2025
/ Benefit Plan Sponsors ,
Databases ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Missing Plan Participants ,
Proposed Rules ,
Reporting Requirements ,
Retirement Plan ,
SECURE Act