by Paul Fennell | Apr 11, 2024 | Newsletter
What’s New In Washington:Legislative Update Technical Corrections for SECURE 2.0: The only billlikely to pass this year is a bill to make several corrections to provisions of SECURE 2.0. The provision mostlikely to impact employers is the fix to the higher catch-up...
by Paul Fennell | Feb 1, 2024 | Newsletter
What’s New In Washington:House Introduces Roth Rollover Bill The bill, known as H.R. 6757 and introduced December 13th, is co-sponsored by U.S. Representatives Linda T. Sánchez (Democrat, California) and Darin LaHood (Republican, Illinois), who both serve on the...
by Paul Fennell | Oct 15, 2023 | Newsletter
What’s New In Washington:Roth Catch-Up Requirement Delayed to 2026 An immediate question was whether Congress had inadvertently eliminated all catch-up contributions due to a drafting error in SECURE 2.0. In addition, the new Roth requirement posed a number of...
by Paul Fennell | Jun 15, 2023 | Newsletter
The IRS recently issued guidance on this provision (Notice 2023-43, the “Notice”), which provides some welcomed answers to questions left open by the text of SECURE 2.0. Full guidance updating EPCRS will be released within two years. The new rule under SECURE 2.0....
by Paul Fennell | Apr 15, 2023 | Newsletter
Hot Topic:DOL ESG Final Rule Sparks Action On November 22, 2022, the DOL released its long-anticipated final rule regarding regulations governing plan investment selections, especially regarding consideration of investments focused on environmental, social, and...
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