Featured Jobs
|
Nova 401(k) Associates
|
|
BPAS
|
|
The Pension Source
|
|
Merkley Retirement Consultants
|
|
BPAS
|
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
DWC ERISA Consultants LLC
|
|
July Business Services
|
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
|
EPIC RPS
|
|
Compensation Strategies Group, Ltd.
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
SECURE 2.0 Takeaways for Retirement Plan Sponsors, Part 2: Catching Up on Catch-Ups
Sherman & Howard L.L.C. 
[Guidance Overview] Jan. 11, 2023 "Beginning with taxable years starting on or after January 1, 2024, ... catch-up contributions for 'higher-paid participants' must be made as Roth contributions.... This new rule introduces a new definition of compensation and a new group of participants for recordkeepers to track, which will significantly complicate plan administration.... Plan sponsors who allow catch-up contributions but have resisted adding Roth deferrals may face a difficult decision -- either stop allowing any catch-up contributions beginning in 2024 or add Roth deferrals to the plan." |
| 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). |