2026 401(k) Employment Taxes 
Proskauer's Employee Benefits & Executive Compensa
JANUARY 16, 2024
Although Notice 2024-02 offers helpful guidance for employers and plan administrators, it does not include hotly anticipated guidance on SECURE 2.0 requires that 401(k) plans established after December 28, 2022, implement automatic enrollment provisions for plan years starting after December 31, 2024. Merger of Pre-SECURE 2.0
Money Talk
APRIL 14, 2022
The 2021 income tax season will soon be in the history books. With income tax calculations still fresh in our heads, this is a great time to do some tax planning for 2022. Here are 12 tax topics to consider: Itemized Deductions- Only about 10% of taxpayers can itemize since the Tax Cuts and Jobs Act went into effect in 2018.
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Insperity
OCTOBER 10, 2023
workers better prepare financially for retirement, at every stage of their employment journey. In requiring employers to take actions that can improve their employees’ financial wellness, the SECURE 2.0 employer-sponsored 401(k) plans. The Internal Revenue Service (IRS) will begin enforcing this provision in 2026.
Proskauer's Employee Benefits & Executive Compensa
DECEMBER 23, 2022
Until then, below is a high-level summary of some key highlights for employers and retirement plan sponsors: Improving Access to Retirement Savings. Among other changes, it: Requires automatic enrollment for new 401(k) and 403(b) plans that are first established after SECURE 2.0’s Building on SECURE Act of 2019.
Snell & Wilmer Benefits
AUGUST 28, 2023
requirement that certain catch-up contributions to 401(k) and similar defined contribution plans be made on an after-tax Roth basis. requires catch-up eligible participants who received more than $145,000 in wages from their employer in the prior year to make catch-up contributions on a Roth basis. This SECURE 2.0
Benefits Notes
DECEMBER 28, 2022
The requirement of pre-death distributions from Roth designated accounts in an employer retirement plan are eliminated, effective for taxable years beginning after December 31, 2023. Catch-up contributions will now be subject to Roth after-tax treatment for those earning more than $145,000 in the prior year. Increase in Cash-out Limit.
Benefits Notes
AUGUST 29, 2023
Act of 2022 (“SECURE 2.0”) required that effective as of January 1, 2024 , participants in 401(k) plans, 403(b) plans, or governmental 457(b) plans, who were age 50 or older and whose Social Security wages for the previous year exceed $145,000 (indexed), only be permitted to make catch-up contributions under such plans on a Roth (after-tax) basis.
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