12 pages. "This article discusses the history behind the creation of EPCRS, outlines some of its key features, and highlights how the growth and expansion of this program -- including, most recently, under [SECURE 2.0] -- continues to improve IRS enforcement of tax-qualified plan rules by encouraging plan sponsors to establish practices and procedures designed to ensure compliance, thereby avoiding the harsh tax penalties of plan disqualification."  MORE >>

"[SECURE 2.0] eliminates the requirement to distribute these IRS and ERISA notices to unenrolled participants. An unenrolled participant is an eligible employee who has not elected to participate in a workplace retirement plan.... [S]ponsors must still provide annual reminder notices to unenrolled employees regarding their eligibility to participate in the plan, and must provide any other required notice or document like SPDs, SMMs, SARs upon request."  MORE >>

"The combined deduction limit for defined benefit (DB) and defined contribution (DC) plans has always been a source of confusion ... [W]hat happens when a plan sponsor contributes over these limits? Or what if the plan sponsor needs to contribute more than 6% of compensation to the DC plan to pass non-discrimination testing and the minimum required DB contribution is more than 25% of compensation? And how does one make a 4972(c)(7) election, anyway?"  MORE >>

"It seems Congress no longer wants to wait years or decades for you to start paying the taxes due on your retirement contributions.... With proper planning, a Roth account can help savers avoid high tax bills when they begin making withdrawals in retirement. And the new law includes several provisions that will enable employers, the federal government and the retirement industry to help Americans save more for retirement."  MORE >>

"The worst outcome in retirement isn't leaving too much money behind -- it's not having enough to go the distance. However, estimating that distance depends on whom you ask.... Estimating your longevity is an important aspect of retirement planning, but creating a solid financial plan and updating it regularly may be even more consequential to your success."  MORE >>

"Individuals are forward looking and respond to pension changes far before retirement age. Spillovers within the household can amplify responses to individual incentives. This implies that pension reforms can have aggregate labor supply effects well beyond the direct impact on individuals on the verge of retirement."  MORE >>

"Actuaries employ a general process for determining a financial system's funded status. The system's funded status ... generally determines when changes should be made to system assets or liabilities to maintain a desired funded status. This is an ongoing process ... [T]he same approach used for Social Security and pension plan funding can provide significant value for individual households and their financial advisors[.]"  MORE >>

"The stock exchanges have delayed effectiveness of the proposed listing standards until October 2, 2023 ... In addition, the NYSE amended its proposed listing standards to provide additional relief in the event of noncompliance with the clawback rules.... [L]isted companies should prepare to have final Dodd-Frank compliant clawback policies ready for adoption by December 1, 2023."  MORE >>