Tag: Internal Revenue Service (IRS)

The IRS rule applies to most participants in workplace retirement plans and all traditional IRA owners.

Relief includes postponed deadlines for 2024 retirement contributions and penalty-free hardship withdrawals for impacted participants.

The two tables allow plan sponsors to determine additional benefits for employees whose compensation exceeds certain levels.

The agency decided to extend the deadline after commenters expressed timing concerns for implementing the final regulations.

Those who are at least 73 years old must take their IRA and defined contribution plan distributions before the end...

Plan sponsors of qualified plans and 403(b) plans may need to make plan amendments to comply with tax law.

Recordkeepers, industry organizations and academics weighed in on how to best get plan sponsors to implement a federal matching program...

The annual cap rises from the previous $100,000 limit.

In all impacted areas, relief ends on May 1, 2025.

The IRS is encouraging taxpayers to take advantage of flexible spending arrangements in 2025, with contribution limits set at $3,300. 

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

The announcement comes with guidance on all the cost-of-living adjustments affecting limitations for pension plans and other retirement-related items for...

ERISA-covered benefits such as health flexible spending plans to get moderate increases.

Following guidance released this summer by the IRS about SECURE 2.0’s student loan matching provision, the advocacy organization still has...

The Treasury Department’s inspector general found that about 3.1 million taxpayers who took early retirement distributions did not pay the...

Individuals and businesses in several states hit by the disaster received extended deadlines for filing tax returns and payments.

The IRS ‘grab bag’ notice provides several extended deadlines for both required and discretionary retirement plan amendments.

Under the ruling, participants are able to elect where they would like the employer’s nonelective contributions to be allocated, including...

The regulators are seeking input by November 4 on the federal program scheduled to begin in 2027.

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.