News & Analysis as of

Defined Contribution Plans

Quarles & Brady LLP

Key SECURE 2.0 Act Updates for Defined Contribution Retirement Plans

Quarles & Brady LLP on

Updated 401(k) and 403(b) Requirements for Long-Term Part-Time Employees. Starting in 2025, 401(k) and 403(b) retirement plans must offer the plan’s salary deferral feature to long-term part-time employees who are at least...more

Foley & Lardner LLP

Defined Benefit Pension Plans’ Annual Funding Notices Will Look Different in 2025

Foley & Lardner LLP on

Most SECURE 2.0 articles focus on the changes applicable to defined contribution plans, such as 401(k) plans, and rightly so, since those plans were the most impacted by the law. However, SECURE 2.0 did make a handful of...more

Baker Donelson

Preparing Employers for SECURE 2.0 Compliance in 2025

Baker Donelson on

As 2024 draws to a close, plan sponsors should be aware of those provisions of the SECURE Act 2.0 that become effective in 2025. Recall that the SECURE 2.0 Act (SECURE 2.0) was enacted on December 29, 2022, and while some...more

Williams Mullen

Annual Employee Benefits Compliance Checklists - Corporate Counsel

Williams Mullen on

The following checklist highlights key issues for corporate counsel with respect to employee benefit plans and executive compensation arrangements....more

Williams Mullen

Annual Employee Benefits Compliance Checklists - Plan Administrators

Williams Mullen on

Plan administrators should review the following actions to be taken before the end of 2024 and focus on what to expect for 2025. The following checklist addresses plan amendments, notices, and other considerations for...more

Hogan Lovells

Mansion House speech: Reforms to UK pensions and green light to PISCES – Implications for UK ECM

Hogan Lovells on

On 14 November 2024, the Chancellor delivered her inaugural Mansion House speech, announcing plans to promote UK economic growth through reforms to the financial services sector. Most pertinently for UK equity capital...more

A&O Shearman

Pensions: DC trustee agenda update - December 2024

A&O Shearman on

Welcome to our monthly update on current legal issues for trustees of DC pension schemes, designed to help you stay up to date with key developments between trustee meetings and to support the legal update item on your next...more

A&O Shearman

Pensions: Joint DB & DC trustee agenda update – December 2024

A&O Shearman on

Welcome to our monthly update on current legal issues for trustees of DB and hybrid pension schemes, designed to help you stay up to date with key developments between trustee meetings and to support the legal update item on...more

A&O Shearman

Pensions: what's new this week - November 18, 2024

A&O Shearman on

Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Mansion House speech: interim Pensions Review report and new...more

A&O Shearman

Pensions in dispute - November 2024

A&O Shearman on

Welcome to our quarterly pensions litigation briefing, designed to help pensions managers identify key risks in scheme administration, and trustees update their knowledge and understanding. This briefing highlights recent...more

Hogan Lovells

UK Chancellor of the Exchequer’s Mansion House speech (14 November 2024) – summary of key initiatives

Hogan Lovells on

At her inaugural Mansion House speech on 14 November 2024, the Chancellor of the Exchequer outlined a number of key policy initiatives for the UK financial services sector. This note sets out the main initiatives, which...more

Smith Anderson

Benefit Plan Year-End Action Items

Smith Anderson on

As we approach the end of the year, employers have to handle a number of critical tasks to ensure compliance with various employee benefit plan requirements. The deadlines for (1) distributing annual notices, (2) amending...more

DLA Piper

IRS Announces 2025 Retirement and Benefit Plan Limits, SSA Announces COLA Adjustment

DLA Piper on

On November 1, 2024, the Internal Revenue Service (IRS) announced cost-of-living adjustments (COLAs) to the dollar limits on benefits and contributions in retirement plans for 2025. These adjustments are in addition to...more

Tucker Arensberg, P.C.

2025 IRS & SSA Benefits Alert

Tucker Arensberg, P.C. on

IRS and SSA Announce 2025 Indexed Numbers - The IRS and Social Security Administration have announced cost-of-living increases for retirement plans and other employee benefit plans for 2025....more

Faegre Drinker Biddle & Reath LLP

IRS Announces 2025 Retirement Plan Limits

The Internal Revenue Service (IRS) recently announced the 2025 cost-of-living adjustments to various benefit and contribution limits applicable to retirement plans. The IRS modestly increased the applicable limits for 2025....more

Faegre Drinker Biddle & Reath LLP

Trends in Optional Features Available Under Secure Act 2.0

During our October 30, 2024 webinar, “It’s 2024 and … It’s Decision Time in the Retirement Plan World!” we polled our audience on their interest in adding optional features available under Secure Act 2.0 (discussed in our...more

Williams Mullen

Benefit and Contribution Limits for 2025

Williams Mullen on

The Commissioner of Internal Revenue announced the 2025 dollar limitations for benefits and contributions that apply to retirement plans. The Social Security Administration increased the Social Security taxable wage base....more

A&O Shearman

Pensions: what's new this week November 4, 2024

A&O Shearman on

Autumn Budget 2024: bringing pensions into the scope of IHT - The Chancellor announced in her Budget Speech that from April 6, 2027, unused pension funds and death benefits will be included within a member’s estate for...more

McDermott Will & Emery

Government Announces 2025 Employee Benefit Plan Limits

McDermott Will & Emery on

The Internal Revenue Service (IRS) has announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2025. Most of the dollar limits that are...more

Smith Gambrell Russell

IRS Cost-of-Living Adjustments-Employee Benefit Plan Limitations for 2025

Smith Gambrell Russell on

Effective: January 1, 2025 The IRS has released the 2025 cost-of-living adjustments applicable to the dollar limitations on benefits and contributions of retirement plans and health and welfare benefit plans.  We recommend...more

A&O Shearman

Pensions: Joint DB & DC trustee agenda update – November 2024

A&O Shearman on

Welcome to our monthly update on current legal issues for trustees of DB and hybrid pension schemes, designed to help you stay up to date with key developments between trustee meetings and to support the legal update item on...more

A&O Shearman

Pensions: DC trustee agenda update - November 2024

A&O Shearman on

Welcome to our monthly update on current legal issues for trustees of DC pension schemes, designed to help you stay up to date with key developments between trustee meetings and to support the legal update item on your next...more

A&O Shearman

Pensions: what's new this week - October 21, 2024

A&O Shearman on

Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. TPR targets continuous improvement on ESG matters - The...more

Littler

Unlocking New Benefits: Is the SECURE 2.0 Student Loan Match Right for Your Workforce?

Littler on

Employers now have a new benefit option in their toolbelt: The Qualified Student Loan Payment (QSLP) match. But is it worth implementing? Before diving into the specific legal requirements for a QSLP match program, this...more

Levenfeld Pearlstein, LLC

The “Business Succession” Decision: Is an ESOP A Viable Option?

When business owners consider their business succession options, they often determine their objectives, analyze company resources and capabilities, and review strategic alternatives. Among these strategic alternatives are...more

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