Retirement Plan Updates Beginning in 2024
In previous articles we have discussed a few of the many provisions that were contained in SECURE 2.0. This article is to prepare plan sponsors [...]
In previous articles we have discussed a few of the many provisions that were contained in SECURE 2.0. This article is to prepare plan sponsors [...]
In February 2023, the IRS, Department of Labor, and Pension Benefit Guaranty Corporation released changes to the 2023 Forms 5500 and 5500-SF for plan years [...]
Self-Correction Program Changes SECURE 2.0 contained provisions that expanded the Employee Plans Compliance Resolution System (EPCRS) which is used by plan sponsors to correct errors [...]
Additional Exemptions from Early Distribution Penalty Tax Typically, participants aren’t allowed to take distributions of retirement funds prior to age 59 ½ without paying a [...]
Secure 2.0 made numerous significant changes to all retirement plans including SEP and SIMPLE plans. Below is a summary of the changes specific to SEP [...]
With the news that the SECURE Act 2.0 has now been passed as a part of the omnibus spending package we wanted to highlight some [...]