Featured Jobs
|
Senior Plan Consultant, Defined Benefit DWC - The 401(k) Experts
|
|
Daybright Financial
|
|
BPAS
|
|
Pentegra
|
|
Senior Counsel – Investment Solutions Great Gray Trust Company
|
|
Relationship Manager - Actuary Daybright Financial
|
|
The Pension Source
|
|
Relationship Manager for Defined Benefits Daybright Financial
|
|
401K Safe
|
|
Plan Admin/Employee Benefits/Office Admin Columbia Benefits, LLC
|
|
Senior Plan Consultant, Defined Benefit DWC - The 401(k) Experts
|
|
Goldberg, Swedelson & Associates
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Correcting Overpayments in Defined Contribution Plans After SECURE 2.0
Ferenczy Benefits Law Center 
[Guidance Overview] Mar. 17, 2026 "[The IRS] has specific language and procedures to correct plan errors ... [R]efunds distributed to HCEs [in error] are considered 'overpayments,' that is, amounts paid to participants that should not have been.... In general, the IRS's correction rules require the Plan to request that participants repay the overpayment.... However, the SECURE 2.0 Act made fixing this problem easier if the overpayment is an 'inadvertent benefit overpayment' or 'IBO'." MORE >> |
| 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). |