PayrollOrg
AUGUST 28, 2023
The IRS has announced an administrative transition period to extend until 2026 the new requirement that additional elective deferrals made by higher-income participants in retirement plans be designated as after-tax Roth contributions.
Proskauer's Employee Benefits & Executive Compensa
DECEMBER 15, 2023
Act of 2022 (“SECURE 2.0”) was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act, and included a myriad of required and optional plan design changes for retirement plan sponsors and employers (described in more detail here ). Starter 401(k) Plans. Recouping Overpayments.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Insperity
OCTOBER 10, 2023
To do this, the law makes broad changes to the foundation of retirement preparation in the U.S.: employer-sponsored 401(k) plans. All company retirement plans started in 2023 and thereafter must have an automatic enrollment and escalation provision – also known as “ you’re in unless you’re out.” The SECURE 2.0
Snell & Wilmer Benefits
AUGUST 28, 2023
On August 25, 2023, the IRS issued Notice 2023-62 , which gives retirement plan sponsors a two-year administrative transition period to implement the SECURE 2.0 requirement that certain catch-up contributions to 401(k) and similar defined contribution plans be made on an after-tax Roth basis. More specifically, SECURE 2.0
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.
McDermott Will & Emery Employee Benefits
AUGUST 28, 2023
Act until at least 2026. Specifically, the announcement provides that, until 2026, catch-up contributions will satisfy the requirements under SECURE […] The post There’s a Party Going on Right Here! Roth Catch-Up Change Delayed Two Extra Years!
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.
Expert insights. Personalized for you.
104 
Let's personalize your content