To better assist domestic abuse survivors, retirement plan administrators may consider amending their plan for 2024. Section 314 of the SECURE 2.0 Act beginning in 2024 allows a participant who …
Summary: A new IRS mortality table effective on and after January 1, 2022 may lower the amount of required minimum distributions (“RMDs”) under 401(k) retirement plans for many participants required …
On October 25, 2021, the U.S. Department of Labor (“DOL”) issued Field Assistance Bulletin (“FAB”) 2021-02 , temporarily extending its non-enforcement policy regarding certain rules applicable to fiduciaries who provide …
On November 4, 2021, the IRS released its annual notice, Notice 2021-61, setting forth the various dollar limitations for contributions and benefits under qualified retirement plans, including 401(k) plans. The …
After dragging their feet for most of 2019, the U.S. Senate finally, on December 19th, passed the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act, a bundle of legislative …
