Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Retirement Plan Administrator

ERISA Services, Inc.
(Remote)

ERISA Services, Inc. logo

Manager, Defined Contribution (TPA)

HowardSimon, Strongpoint Partner
(Remote)

HowardSimon, Strongpoint Partner logo

Senior Client Service Specialist

EPIC RPS
(Remote / AZ)

EPIC RPS logo

Claims Adjuster

UEBT
(WA)

UEBT logo

Retirement Plan Relationship Manager

ERISA Services, Inc.
(Remote)

ERISA Services, Inc. logo

Senior Internal Sales Consultant

EPIC RPS
(Remote)

EPIC RPS logo

Retirement Plan Administrator

CMC Pension Professionals
(Remote)

CMC Pension Professionals logo

Retirement Plan Administrator

Retirement Planners and Administrators (RPA)
(Remote)

Retirement Planners and Administrators (RPA) logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon
Webinars
and Podcasts
  >  Upcoming   |   Recorded
Conferences
(In-Person or Virtual)
  >  Upcoming   |   Grouped by Location
All   >  Upcoming   |   Grouped by Sponsor

View More Strafford Webinars, Podcasts and Conferences

New IRS Guidance for Implementing SECURE 2.0 Provisions: Key Provisions and Compliance Challenges for Plan Sponsors

Strafford

Mar. 5, 2024
1:00 p.m. - 2:30 p.m. ET
Webinar

This CLE webinar will provide employee benefits counsel and advisers an in-depth analysis of recently issued IRS guidance for implementing SECURE 2.0 provisions. The panel will discuss several critical provisions and compliance challenges for plan sponsors and administrators, automatic enrollment for 401(k) and 403(b) plans and auto-escalation provisions and exceptions, early withdrawal penalties, cash balance plans, safe harbor for corrections, and other key items.

Description

SECURE 2.0 contains several provisions that significantly change qualified retirement plan design and operation. ERISA attorneys, plan sponsors, and employers must recognize the impact of SECURE 2.0 and prepare for IRS and DOL interpretations and requirements.

SECURE 2.0 undoubtedly presents administrative and compliance challenges for plan sponsors and employers. The key provisions of the Act, amongst other items, include: (1) expanding coverage and increasing retirement savings, (2) preservation of income, (3) simplification and clarification of retirement plan rules, and (4) revenue provisions.

In addition, enhanced and strict participant notice requirements, required minimum distributions, loan procedures, and other challenges add a layer of complexity for plan sponsors and administrators that should be areas of focus for a year-end compliance review. Furthermore, SECURE 2.0 includes significant rule changes impacting plan distributions, withdrawals, and loans along with provisions impacting pooled employer plans, multiple employer plans, and groups of plans.

Recently, the IRS issued Notice 2024-2 providing guidance on several sections of the SECURE 2.0 Act. The guidance focuses on several key provisions and steps for implementing such provisions for plan sponsors and administrators, including: (1) automatic enrollment for 401(k) and 403(b) plans and auto-escalation provisions and exceptions, (2) early withdrawal penalties, (3) cash balance plans, and (4) safe harbor for corrections.

Listen as our panel discusses the key provisions of SECURE 2.0 and how it will impact retirement plan design, implementation, and administration, as well as offers best practices for ERISA compliance for plan sponsors and employers in light of recently issued guidance under Notice 2024-2.

Outline

  1. Overview of the impact of SECURE Act 2.0 on employee benefits
  2. Notice 2024-2; IRS guidance for implementing SECURE 2.0 provisions
  3. Plan administration and compliance challenges
  4. Other key items and best practices for plan design and implementation

More Information, How to Register

© 2024 BenefitsLink.com, Inc.