IRS Proposes Regulations for Changes to SECURE 2.0 RMDs
The changes apply to annuities, Roth sources and spousal beneficiaries.
Tag: secure 2.0
PLESA Match Manipulation Not a Concern, Chamber of Commerce Says
Other SECURE 2.0 implementation issues are a much bigger worry.
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Investment Product and Service Launches
LifeYield releases Annuity Income Layer; NAGDCA offers enhanced SECURE 2.0 Resource; and Voya launches new supplemental health benefit to help with...
Stakeholders Ask for Enforcement Delay on Part-Time Eligibility Rules
SECURE 2.0 requires part-timers to be made eligible for elective contributions after two years of service.
Pension-Linked Emergency Accounts Can Incentivize Lower-Income Enrollment
PLESAs can address liquidity concerns for workers, one of SECURE 2.0’s co-authors argued at the EBRI-Milken Retirement Symposium.
SECURE 2.0 Will Help Young Savers the Most, Research Shows
Automatic features and the saver’s match will bring more security to those currently in their 30s than those in their...
How the DOL’s Auto-Portability Proposal Works
Service providers could charge a fee directly to an IRA owner for executing a transfer to their new qualified plan.
Auto-Portability Proposal Is In
The proposal would implement a SECURE 2.0 provision intended to make it easier to transfer money between DC plans to...
Recent Regulatory Updates for MEPs, PEPs, DCGs
The DOL and IRS have both issued updates for the three composite plan types.
Form 5500 Modifications Announced for Plan Year 2023
Several schedules have been updated to reflect regulatory changes from both the DOL and IRS.
IRS Clarifies SECURE 2.0 Cash Balance Backloading Test Changes
The IRS says that the balance and accrual rate for a participant cannot be reduced when adopting a new variable...
IRS Publishes 2023 Cumulative List of Remedial Amendments
The amendments keep pre-approved plans in compliance with changes to tax law.
SECURE 2.0 Corrections Drafted by Congress
The bill will likely have to be added to a budget bill early in 2024 to pass.
Plan Sponsors Get Clarity and Some New Questions in IRS Part-Time Eligibility Rules
The post-Thanksgiving rule proposal will require a close look and potential plan design changes in the coming weeks for employers...
IRS Proposes Part-Time Eligibility Rules per SECURE Legislation
Plan sponsors now have IRS guidance on what part-time workers are eligible for plans, though a comment period and finalization...
Cost, Complexity Main Obstacles to Plan Creation by Small Businesses, Survey Says
The survey also found limited awareness of SECURE 2.0.
Employees More Stressed Over Immediate Expenses Than Retirement
Cost-of-living expenses, as well as student loan debt and wages, are primary obstacles to saving for retirement, according to new...
‘Important Step’ or ‘Out of Touch’? Reactions to DOL Proposal Run the Gamut
Financial sector responds to proposed amendments to advice regarding retirement plan rollovers and annuity sales.
New Bill Would Increase Plan Startup Credits for Small Businesses
The legislation would allow businesses with 10 or fewer employees to benefit more from SECURE 2.0 credits when starting a...
ESOP Creation Deterred by Lack of Valuation Rules, Report Says
A report from Matrix Global Advisors found that ESOPs need clear rules on valuation, which SECURE 2.0 requires the DOL...