Featured Jobs
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
BPAS
|
|
Retirement Relationship Manager MAP Retirement
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Pattison Pension
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
DWC - The 401(k) Experts
|
|
MAP Retirement
|
|
MAP Retirement
|
|
Sentinel Group
|
|
Regional Vice President, Sales MAP Retirement
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
SECURE 2.0 Act of 2022: Issues for Plan Sponsor Consideration
Reinhart Boerner Van Deuren s.c. 
[Guidance Overview] Jan. 6, 2023 "[F]or individuals born in 1959, both the RMD age 73 ... and the RMD age 75 apply ... [The authors] expect a technical correction will be released to clarify the applicable RMD age for this group of individuals.... Given the amount of discretion now available, plan sponsors should consider adopting an overpayment policy, or amending an existing policy, to create a non-discriminatory approach to recoupment of overpayments.... Unfortunately, SECURE 2.0 does not seem to address plan sponsor concerns regarding locating missing participants through the lost and found database. However, the burden of compiling information needed for participants to locate missing benefits is placed on plan sponsors." |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |