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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.
Form 5558 Electronic Filing Postponed
After a bit of rumor and speculation, the IRS has announced on its website that, due to administrative issues involving the EFAST2 system, IRS Form 5558 will not be able to be filed electronically until January 1, 2025. Previously, the
IRS Issues Guidance on Certain Secure 2.0 Act Provisions
On December 20, 2023, the IRS released Notice 2024-2 which provides welcome guidance on a number of provisions affecting qualified retirement plans, including 401(k) plans, under the SECURE 2.0 Act (SECURE 2.0). The Notice also generally extends the deadline for
6 Tips for Getting Compliance Buy-In
Everyone agrees that benefits plan compliance is important… but how important is it to your decision makers? Because compliance isn’t something that receives lots of fanfare or is easily measured, getting team buy-in for compliance resources (that includes tools, time
IRS Extends Amendment Deadline for Recent New Laws
The IRS announced in Notice 2024-2 that the amendment deadline most qualified retirement plans, including 401(k) plans, for several recent pieces of federal legislation generally has been extended by up to one year. This comes on the heels of its