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Daybright Financial
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Daybright Financial
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Director, Strategic Accounts and Channel Development July Business Services
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Nova 401(k) Associates
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Internal Channel Sales Team Lead July Business Services
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EPIC RPS
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Spectrum Pension Consultants (part of Daybright Financial)
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EPIC RPS
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Relationship Manager – Defined Contributions Daybright Financial
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Director of Regulatory Operations and Compliance PCS Retirement
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Stones River Consulting
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SECURE 2.0 Changes to Retirement Plan Corrections
Frost Brown Todd LLC
[Guidance Overview] Apr. 20, 2023 "In SECURE 2.0, Congress has ... [tried] to resolve certain correction issues that bedevil plan administrators.... [1] Correction methods formerly approved either by the IRS or the DOL, but not both, have [now] been written into the IRC and ERISA ... [2] Overpayment errors made by the plan can be corrected without creating hardship for participants and also without exposing plan fiduciaries to a fiduciary violation. [3] The safe harbor correction method for certain automatic contribution and elective deferral failures ... has been made permanent. [4] Self-correction is given broader scope than the agencies apparently felt they had authority to provide." |
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