Large Plan Sponsors Seek IRS Clarification on SECURE 2.0 Provisions
The ERISA Industry Committee implored the IRS to clarify how sponsors can implement new Roth features and student loan matches.
Tag: SECURE 2.0 Act of 2022
Benefits |
With Student Loan Payments Resuming, How Should Plan Sponsors Respond?
The three-year freeze on student loan payments ends August 29, and plan sponsors have an opportunity to help relieve employees’...
When Does a New Plan Have to Meet SECURE 2.0 Mandates?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Senate HELP Committee Asks DOL to Focus on 6 SECURE 2.0 Provisions
Areas including emergency savings and employee ownership were identified as 2024 brings more SECURE 2.0 regulatory deadlines.
IRS Issues Interim EPCRS Correction Guidance Under SECURE 2.0
Plan sponsors can make additional corrections via SCP, rather than VCP, while a “reasonable amount of time” to discover an...
House Committee Approves Bill Allowing CITs in 403(b) Plans
The proposal would provide the needed changes to securities laws that were missing from SECURE 2.0.
Millennials Retirement Readiness Fell the Most From 2020
Average retirement account balances increased by 5% from last quarter, in positive movements.
Congressional Leaders Tell Treasury to Expect SECURE 2.0 Technical Corrections
The letter did not outline a timeline but identified four technical errors and ambiguities to be fixed.
Employers Discuss Why They Use Vendor Search Consultants
Employers use the help of a consultant searching for employee benefit vendors, narrowly for certain tasks or pricing only and...
Higher Default Auto-Escalation Rates Could Mean Fewer Opt-Outs, Voya Study Shows
401(k) plan sponsors could increase their default escalation increment to 2% to boost employee savings, according to research by Voya.
Benefits |
How Employers Can Address the Nurse Retention Problem
Nurse turnover remains high, and employers can improve their overall retention by implementing benefits both old and new.
NAGDCA Asks for More Time on Roth Catch-Ups, Again
Government plans will struggle to comply with SECURE 2.0 because of their administration requirements.
How Does SECURE 2.0’s Start-Up Tax Credit Apply to Recently Started Plan?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
EBSA’s Gomez Offers Glimpse of DOL’s Thinking on ESG Rule; SECURE 2.0
Also, with the end of COVID-19 as an official public health emergency, the assistant secretary of labor wants to make...
Retirement, Broad Financial Fallout From COVID Continues
A defined contribution industry survey finds lasting financial effects to retirement plan participants.
How and When Will SECURE 2.0 Roth Provisions Affect RMDs?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Benefits |
HSA Bank Offering Provides Reimbursement to Participants for Education Costs
The employer-provided Tuition Reimbursement Account could help participants pay for expenses like tuition, books, registration fees and more.
DC Plan Sponsors Should Pay Attention to Increased Litigation, Low Retirement Confidence
The first quarter of 2023 in the defined contribution market saw an uptick in lawsuits, many legislative and regulatory changes...
Auto-Enrollment Gains in Popularity Among Retirement Plan Participants
An annual American Century Investments survey revealed a major increase in acceptance and expectation of employers pushing employees to save...
Can A Church 403(b) Plan Require Employees to Use Roth Catch-Ups?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.