By Ilene H. Ferenczy, Esq. With so many people in their 20s and 30s (and perhaps 40s) continuing to suffer financially due to overwhelming student loan debt, the SECURE 2.0 […]
By: Ilene H. Ferenczy, Esq., CPC, APA At the risk of sounding ungrateful, our Thanksgiving holiday was interrupted on Friday when the IRS finally issued the proposed regulations outlining how […]
By Alison J. Cohen, Esq. On Friday, August 25, 2023, the Internal Revenue Service (“IRS”) released Notice 2023-62 (the “Notice”), giving plan sponsors long-awaited relief with respect to the implementation […]
By S. Derrin Watson, JD, APM The Internal Revenue Service (“IRS”) issued some welcome relief in connection with the required minimum distribution (“RMD”) rules. The transition relief impacts both certain […]
By: Adrienne I. Moore, Esq. Section 305 of the SECURE 2.0 Act was a welcome modification to the rules for correcting compliance errors — significantly expanding the Employee Plans Compliance […]
By Alison J. Cohen, Esq., APR By now, everyone is well aware that SECURE 2.0 was signed into law on December 29, 2022. One of the provisions in SECURE 2.0 […]
The Department of Labor (“DOL”) issued a new proposed Voluntary Fiduciary Correction Program (“VFCP”) on November 18, 2022, which should – if finalized – make it easier for fiduciaries to […]
The IRS issued Revenue Procedure 2016-37 (the “Procedure”) at the end of June, which significantly affects individually designed plans (“IDPs”) and has some ramifications for pre approved documents, such as prototypes and […]