"[A]ll 401(k) and deferral 403(b) established since the signing of SECURE 2.0 on 12/29/2022 are required to adopt automatic enrollment with the 2025 plan year.... SECURE 2.0 also greatly expanded the Roth options inside of retirement plans.... Starting with the 2025 plan year, SECURE 2.0 will now require employers ... to make available the ability to defer into the plan to part-time employees ... SECURE 2.0 has greatly expanded the ability to allow participants to use their retirement plan to help meet some immediate and unforeseen financial burdens."  MORE >>

"The contribution deadline for true-up contributions is the same deadline as for employer contributions in general ... [To] be considered an annual addition for 415 limit purposes, contributions must be made to the 403(b) plan no later than the 15th day of the 10th calendar month following the end of the calendar year or fiscal year with or within which the particular limitation year (typically calendar year) ends."  MORE >>

"With [FAB 2025-01], the DOL created a temporary enforcement policy to clarify that it will not automatically pursue plan sponsors who escheat funds to a SUPP for violations under the fiduciary duties of Section 404(a) of [ERISA] ... While this appears to be very good news for plan fiduciaries that may have a number of missing participants with these small balances (which may include uncashed checks from prior cash-out transactions), the key will be ... [that the] plan fiduciary has to take sufficient action to try to locate the missing participant/beneficiary."  MORE >>

"The following bills were all introduced following enactment of SECURE Act 2.0 of 2022, have bipartisan support, and are expected to be reintroduced in 2025: HR 6757: Rollover Contributions from Roth IRAs to Designated Roth Accounts ... HR 3492: The Lifetime Income for Employees Act ... HR 1013 / S 424: Retirement Fairness for Charities and Educational Institutions Act of 2024 ... HR 6007: Retirement Investment in Small Employers Act."  MORE >>

"[This article] shows the results of an analysis [prepared] for one company that wanted a defined contribution plan. There were 10 people eligible for the retirement plan, including one owner.... The owner was willing to spend on staff an amount equal to 5.0% of their total combined payroll. In this case, a cross-tested plan with 401(k) safe-harbor features was the best design. The results show the differences that can be obtained from various plan designs."  MORE >>

"Retirement account balances have reached all-time highs, Fidelity Investments reported, with an average of $132,300 in 401(k)s and $119,300 in 403(b)s in the latter half of 2024. The company also notes that average overall contribution rates are increasing, nearing Fidelity's guideline of saving 15% per year for retirement (including both employer and employee contributions).... [M]ore than 69% of employees and 67% of employers endorse retirement plans as a must-have employer benefit[.]"  MORE >>

"[1] Get a copy of their Standard Form 50.... [2] Decide on deposits and redeposits. Federal employees can make deposits and redeposits to their retirement fund or even their service time.... [3] Get retirement paperwork in order.... [4] Scrutinize beneficiary forms."  MORE >>

"Until now, Roth contributions have been voluntary, but starting in 2026, 401(k), 403(b), and 457(b) plan participants who earned $145,000 or more in the previous year must make all catch-up contributions on a Roth basis in the current year ... These compulsory Roth contributions could be just the beginning of a new Rothification era.... A fiscal conservative, Senator Roth's goal was to create a vehicle that provided access to retirement savings without a short-term impact on the federal budget. Rothification would force that outcome[.]"  MORE >>

"Even if losing all the pension money gambled means nothing to politicians, the risk of scandal, embarrassment, and threat of impeachment is very real."  MORE >>