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Recordkeeper Survey Highlights Challenges in Keeping Plan Documents Compliant Throughout Recent Regulatory Upheaval
Enterprise Iron 
Jan. 24, 2023 "Communication to Plan Sponsors came in first as the most challenging aspect of the Cycle 3 Restatement ... [C]lear documentation of how plans operated in good faith with CARES and SECURE Act 1.0 is critical.... [SECURE 2.0 features identified as] most challenging ... included: [1] Mandatory auto-enrollment; [2] Rothification of catch-up contributions; [3] Removal of Roth from RMD calculations; [4] Student loan match, collecting the necessary data and its impact on testing; [5] Required paper statements and the impact on cost." MORE >> |
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