36 pages. "[T]his guide provides a high-level summary of SECURE 2.0 provisions grouped topically ... including separate treatment of provisions specific to DC and DB plans. The six tables in this guide describe statutory changes and their effective dates, identify whether the changes are mandatory or optional for employers, and provide initial observations, including implementation challenges for which agency guidance would be helpful."  MORE >>

"One change addresses the unequal treatment of spouses with separate businesses residing in a community property state compared to spouses with separate businesses residing in a separate property state.... The second update modifies the rules regarding the attribution of stock between parents with separate and unrelated business and their minor children."  MORE >>

"457 RMD amendment deadline extended.... 403(b) changes: [1] MEPs and PEPs ... [2] Collective Investment Trusts.... [3] Hardship withdrawals.... [4] Long term part-time employees."  MORE >>

"Starting in 2025, participants who are age 60 to 63 will be able to make up to $10,000 in catch-up contributions, or, if greater, an amount that is 50% more than the regular catch-up limit.... Beginning in 2024, all catch-up contributions must be made as Roth contributions, unless the participant's compensation is $145,000 or less."  MORE >>

"Effective for plan years beginning on and after January 1, 2024, SECURE 2.0 caps the variable rate premium paid by Pension Plan sponsors to the [PBGC] at $52 per $1,000 or 5.2% of a Pension Plan's unfunded, vested benefit liability. SECURE 2.0 does not change the flat rate premium also paid by Pension Plan sponsors and charged on a per participant basis."  MORE >>

"Congress has tasked federal regulators with studying the disclosure and reporting requirements for plan sponsors and recommending ways to simply, consolidate or standardize the disclosure landscape.... [L]eaders at the [DOL], Treasury Department and [PBGC] were directed to issue a report to Congress within three years on possible avenues to streamline the plan sponsor disclosure landscape."  MORE >>

"An FSI survey shows independent advisers would retire before being classified as employee as the DOL mulls tens of thousands of comments on a proposed rule change."  MORE >>

"[O[ver one-half of Americans do not have a basic understanding of how long people tend to live in retirement -- possibly one of the most significant factors to avoiding longevity risk and outliving retirement savings.... 81% of [those who understand longevity] have saved for retirement while working, compared to 57% of those with poor longevity literacy."  MORE >>

"[SB 436] provides that an investment fiduciary [shall] discharge his or her duties in the interests of the participants in a public employee retirement system and their beneficiaries exclusively to [1] provide financial benefits and [2] pay reasonable expenses for administering the system."  MORE >>

"Victims of severe storms, straight-line winds, and tornadoes beginning January 12, 2023, now have until May 15, 2023, to file various individual and business tax returns and make tax payments ... [I]ndividuals and households affected by severe storms, straight-line winds, and tornadoes that reside or have a business in Butts, Henry, Jasper, Meriwether, Newton, Spalding, and Troup counties qualify for tax relief."  MORE >>