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The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
DOL Guidance: Pension-Linked Emergency Savings Accounts (PLESAs)
We previously reported that the IRS has also released guidance on Pension-Linked Emergency Savings Accoungs (PLESAs). See this blog for more information, along with a general description of PLESAs. On January 17, 2024, the U.S. Department of Labor (DOL) issued
IRS Guidance: Pension-Linked Emergency Savings Accounts (PLESA)
On January 12, 2024, the IRS issued Notice 2024-22, initial guidance on emergency savings accounts linked to 401(k) plans under the SECURE 2.0 Act. The new provisions, effective for plan years beginning after December 31, 2023, generally permit (but do
SECURE 2.0 Guidance Addresses Designated Roth Contributions
This is the second of two blogs on IRS Notice 2024-2. (Check out the first blog here!)This notice provided welcome guidance on a select number of provisions affecting 401(k) plans under the SECURE 2.0 Act (SECURE 2.0). Designated Roth Contributions
IRS SECURE 2.0 Act Guidance Addresses Auto-Enrollment, Other Topics
As we have previously reported, the IRS released Notice 2024-2 on December 20, 2023, providing welcome guidance on a select number of provisions affecting qualified retirement plans, including 401(k) plans, under the SECURE 2.0 Act (SECURE 2.0). Beginning with this