Proskauer's Employee Benefits & Executive Compensa

DECEMBER 15, 2023

The technical corrections bill includes this omitted language, clarifying that catch-up contributions are permitted in 401(k), 403(b), and 457(b) plans for all catch-up eligible participants. Starter 401(k) Plans. Automatic Enrollment Provision Applied to Multiemployer Plans. However, SECURE 2.0 Recouping Overpayments.

401(k) 98

401(k) Retirement Plan Education Finance 98

Money Talk

DECEMBER 21, 2023

401(k), 403(b), 457b, and TSP). Income taxes are headed higher in 2026 if Congress does not pass a new tax law and the 2017 Tax Cuts and Jobs Act expires. Workplace Roth Accounts - Effective January 1, 2024, no required minimum distributions (RMDs) are required from workplace Roth accounts (e.g.,

401(k) 187

401(k) Finance Taxes Media 187

Insperity

OCTOBER 10, 2023

employer-sponsored 401(k) plans. Act seeks to: Open access to 401(k) retirement plans to more people Provide greater opportunities to save Offer financial incentives to save while removing common barriers and penalties So, what does the law require of employers? The SECURE 2.0 In 2033, this age will be 75. The SECURE 2.0

401(k) 108

401(k) Retirement Plan Taxes Benefits Package 108

InterWest Insurance Services

DECEMBER 20, 2022

1, 2026, it applies to all licensed contractors or applicants for licensure, regardless of classification, unless they are organized as a joint venture and file a certificate of exemption from workers’ compensation. Tree service contractors (D-49). Starting Jan. 7) Permanent COVID standard. 8) CalSavers expanded.

401(k) 98

401(k) Paid Sick Leave Retirement Plan Workers’ Compensation 98

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. Notice 2023-62 addresses these concerns by giving plan sponsors until January 1, 2026 to implement the SECURE 2.0 More specifically, SECURE 2.0 Roth catch-up rule.

401(k) 52

401(k) Retirement Plan Taxes Employee Benefits 52

Benefits Notes

AUGUST 29, 2023

As signed into law, Section 603 of the SECURE 2.0 In this notice the IRS announced transition relief that will give plan sponsors and plan service providers additional time to prepare for the implementation of Section 603 of SECURE 2.0. The transition relief provides, among other things, that: As anticipated, SECURE 2.0

401(k) 52

401(k) Retirement Plan Executive Compensation Taxes 52

Proskauer's Employee Benefits & Executive Compensa

AUGUST 28, 2023

Next steps for plan sponsors and employers : Although Notice 2023-62 offers some much needed breathing room for plan sponsors and employers, given the complexity of system administration, efforts should continue toward a January 1, 2026 implementation date.

Taxes 52

Taxes Employment 401(k) 52