What Does SECURE 2.0 Do for 420 Transfers?
Even though it opens the process up for more pension funds to participate, few are likely to take advantage.
Tag: secure 2.0
DOL Considers Changing Standards for Annuity Provider Selection
Interpretative Bulletin 95-1 could be in for an overhaul this year or next.
Industry Players Want Mandatory Roth Catch-Up Implementation Delayed
The list of industry groups calling for more time on Roth catch-ups is growing rapidly.
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...
EBSA Says It Will Propose Fiduciary Rule in August
The regulatory agenda contained several other items, such as the 401(k) lost and found, emergency savings sidecars and pooled employer...
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.
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’...
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.
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.
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...
Senator Ben Cardin Will Not Seek Re-Election in 2024
Maryland’s Cardin was one of the key architects of and proponents of retirement reform on the Hill, including and especially...
Julie Su’s Nomination to Head DOL Advances From Committee
Su's confirmation as Secretary of Labor faces a close Senate vote.
Better Late Than Never: New Bill Would Permit CITs in 403(b)s
A bill is planned to amend securities laws, close a SECURE 2.0 loophole and clear the way for CITs in...
SECURE 2.0 Makes 529s an Appealing Financial Wellness Option
Offering a 529 plan benefit can appeal to a multigenerational workforce and may be easier to implement than a student...
SECURE 2.0 Accidentally Dropped Catch-Ups, But Industry is On the Case
Legislators seem to have dropped a section from the final version of SECURE 2.0 that nullifies catch-up contributions in retirement...
Benefits |
Delta Pilots Emergency Savings Program
The airline has partnered with Fidelity Investments to run a program in which enrolled workers can earn up to $1,000...
How Does SECURE 2.0 Affect The Due Date for SECURE and CARES Act Plan Amendments?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Rules for Sponsor Self-Correction Broadened by Both SECURE 2.0 and DOL Proposal
The DOL made a proposal to expand the VFCP in November 2022, and SECURE 2.0 also made changes to IRS...
How SECURE 2.0 Can Help Small Businesses
SECURE 2.0 has several provisions designed to increase retirement plan creation and participation by small businesses, in particular by offering...
Ibuprofen Stock Surges as Plan Sponsors Read New DB Plan Rules in SECURE
SECURE 2.0 makes several regulatory and disclosure changes for DB plans.