People are more likely to save for retirement when they have access to an employer-sponsored plan, but many companies simply don’t offer retirement plans to employees.Under SECURE 2.0, there are new rules not only encouraging workers to enroll in company plans – but...
President Joe Biden signed the SECURE 2.0 Act of 2022 into law at the end of lastyear, meaning changes are coming. But what does the act mean for employeeenrollment in defined contribution plans?This retirement legislation will have a big impact on large and small...
In the last days of 2022, President Joe Biden signed the SECURE 2.0 Act of 2022 into law, after it was approved by the U.S. Senate and the House of Representatives. So, after the SECURE 2.0 Act of 2022 became a law, what does this all mean? And what provisions were...
Last month, the Department of Labor proposed updates to the Voluntary Fiduciary Correction Program, including adding a self-correction component for employers that fail to send 401(k) salary withholding contributions or loan repayments for participants on time. These...
It’s that time of year! So, let’s talk about 2023 contribution limits and the recent announcement from the IRS to increase the annual limit. There were some pretty significant changes announced, so here is what you need to know: 401(k) contribution plan limits...
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