Who Can Make Additional 401(k) Catch-up Contributions Under the SECURE 2.0 Act?
QUESTION: We understand that the SECURE 2.0 Act permits additional catch-up contributions for older participants. Can you explain how these rules …
What Are the Rules for Making 401(k) Plan Matching Contributions on Student Loan Repayments?
QUESTION: We understand that SECURE 2.0 made changes to how plan sponsors can treat repayment of student loans as elective …
IRS Provides Transition Relief and Guidance for Required Minimum Distributions Under SECURE and SECURE 2.0 Acts
The IRS has issued limited transition relief for plan administrators, payors, plan participants and beneficiaries to address changes in required …
House Passes SECURE 2.0: Summary of Key Tax Provisions
The House of Representatives passed Securing a Strong Retirement Act of 2022 (SECURE 2.0 or the Act, HR 2954) on …
IRS Provides Relief and Clarifies 401(K), 401(M) Mid-Year Amendments Requirements
In a Notice, the IRS has provided temporary relief, in connection with the ongoing COVID-19 pandemic, from certain requirements that …
Final Regs Modify, Clarify 401(k) Hardship Distribution Rules
The IRS has issued final regulations that amend the rules for hardship distributions from a Code Sec. 401(k) plan. The …
Proposed regs would incorporate new law & clarify 401(k) hardship distribution rules
Preamble to Prop Regs REG-107813-18; Prop Reg §1.401(k)-1, Prop Reg §1.401(k)-3, Prop Reg § 1.401(k)-6, Prop Reg § 1.401(m)-3 Proposed Regs, “Hardship Distributions of …
Final regs: treatment of employer plan contributions as QMAC/QNECs tested at time of allocation
T.D. 9835, 7/19/2018; Reg. § 1.401(k)-1, Reg. § 1.401(k)-6, Reg. § 1.401(m)-1, Reg. § 1.401(m)-5 IRS has issued final regs that adopt with no substantive change proposed reliance …