Plan Sponsors Reveal Optional SECURE 2.0 Provisions They Are Most Likely to Adopt
In a Fidelity survey, plan sponsors put increasing the catch-up contribution limit for participants aged 60 through 63 in the...
Tag: catch-up contribution
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Delay on Catch-Up Provision Allows Employers to Explore Optional SECURE 2.0 Features
When assessing optional provisions like emergency savings and student loan matching, Vanguard’s David Stinnett says plan sponsors should take a...
NAGDCA Provides Roth Catch-Up Guidance for Government Plan Sponsors
Experts from Groom Law Group and NAGDCA noted in a webinar clarifying points from the IRS’s notice that may allow...
IRS Releases Guidance about Catch-Up Contributions Under Secure 2.0
Notice 2023-62 also announces a two-year administrative transition period for higher-income participants to designate catch-up contributions as Roth.
Industry Concerns About Roth Catch-Ups Escalate
SECURE 2.0 Section 603 would require catch-up contributions made by those making more than $145,000 in wages to be made...
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.
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.
NAGDCA Says Government Plans Need More Time to Comply With SECURE 2.0
Age-60 catch-ups and Roth provisions will be especially difficult for government plans to implement.
What Does SECURE 2.0 Do for RMDs and Catch-Up Contributions?
The RMD change is straightforward, but the catch-up change, not as much.
Bill Would Allow COVID-19 Catch-Up Contributions
The proposal would allow catch-up contributions in 2021 and 2022 equal to the difference between an individual’s actual contributions and...