Blog
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.
IRS 2023 Required Amendments (RA) List Calls For No Changes
On November 8, 2023, the IRS released Notice 2023-79, its annual list of required amendments (“RA List”) for individually designed qualified retirement plans, including 401(k) plans. In good news for plan administrators, the RA List contains no provisions requiring amendments
Long-Term, Part-Time Employee (LTPTE) Regulations Proposed by IRS
On November 27, 2023, the IRS released proposed regulations addressing the new rules for long-term, part-time employees (“LTPTEs”) under tax-qualified retirement plans, including 401(k) plans. The new rules were introduced as part of the Setting Every Community Up for Retirement
2024 Adjusted Dollar Limits for 401(k) Plans Released by IRS
The IRS recently released its annual notice, Notice 2023-75, outlining adjusted dollar limits for contributions and benefits under qualified retirement plans, including 401(k) plans. The new limits will go into effect on January 1, 2024. Under the Internal Revenue Code,
Gag Clause Attestation Deadline Looming
What is the Gag Clause Attestation? The Consolidated Appropriations Act of 2021 prohibits health plans from entering onto an agreement with plan service providers that includes a “gag clause”. This is any provision in a contract that would directly or