Tag Archives: 401(k) and 403(b) plans

The IRS recently issued guidance extending the deadline for retirement plans and individual retirement accounts (IRAs) to adopt amendments reflecting legislation passed into law in 2019 and 2020. The previous deadline for calendar year plans has been postponed from December 31, 2022, to December 31, 2025. The additional time is good news for sponsors and […]

Since Congress first passed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) in 2019, it has been working on a secondary package of regulations to further expand taxpayers’ access to workplace retirement plans and improve their financial security during their golden years. The proposed regulations, commonly referred to as Secure Act 2.0, […]

The ongoing consolidation of service providers in the 401(k) market can pose a significant risk to plan sponsors who have a fiduciary duty to act in the best interest of plan participants and their beneficiaries. Consequently, it is crucial for employers to stay abreast of industry changes and be prepared to take action, especially when […]