IRS, Treasury Release Proposed Regulations on SECURE 2.0 Provisions
The agencies issued guidance on how plan administrators can comply with the Roth catch-up rule that begins in 2026 and,...
Tag: Internal Revenue Service (IRS)
IRS Issues Covered Compensation Tables for 2025 Plan Year
The tables show plan sponsors how to determine contributions to qualified plans with permitted disparities.
Compliance Year in Review
David Kaleda, an ERISA expert, reflects on the year that was for plan fiduciaries.
IRS Reminds Retirees to Take RMDs Before Year-End
Those aged 73 and older must take their required minimum distribution from defined contribution plans and IRAs.
DOL Releases Informational Copies of 2024 Form 5500s
The instruction updates include how to report on pension-linked emergency savings accounts.
Respondents Recommend Simplicity, Data Sharing for Saver’s Match
Retirement industry representatives, providers and academics weighed in on how to best implement a federal matching program for lower-income savers.
Correcting 401(k) Auto-Enrollment Failures
ERISA experts Fred Reish and Joan Neri answer a question about addressing a plan sponsor client’s error in implementing automatic...
IRS Raises Limit on Tax-Free Charitable Donations From IRAs to $105,000 for 2024
The limit is up from $100,000 in previous years.
DOL Extends Disaster Relief Timeline for Plans Impacted by Hurricanes
Relief ends on May 1, 2025, for areas impacted by hurricanes.
IRS Provides Flexible Spending Information That Plan Advisers Can Share With Clients
With 2025 FSA contribution limits set at $3,300, the IRS reminded taxpayers to leverage flexible spending arrangements.
Maximum Benefit and Contribution Limits Table 2025
Maximum Benefit/Contribution Limits for 2020 through 2025, with a downloadable PDF of limits from 2015 to 2025.
IRS Increases 2025 401(k) Contribution Limit, Holds IRA Limit
The announcement provides information on all the cost-of-living adjustments affecting dollar limitations for retirement-related items in the tax year 2025.
IRS Announces 2025 Tax Inflation Adjustments
The adjustments affect 60 tax provisions, including health flexible spending plans; tax brackets all saw income threshold increases.
Federal Regulators Seek Comments on Saver’s Match Contributions
Responses are requested by November 4 for the program scheduled to launch in 2027.
Government Watchdog Finds IRA Fiduciary Oversight ‘Lacking’
The GAO found numerous conflicts of interest and recommended the IRS work with the DOL to audit IRA fiduciaries.
Interim IRS Guidance Published on Student Loan Matching Payments
The program, created in SECURE 2.0, addresses student loans, which are considered a significant impediment to retirement savings.
IRS Launches Public-Private Committee to Guard Against Tax Scams
About 60 private sector companies and groups join the IRS to combat a rise in tax scams ahead of next...
IRS Proposals Aim to Clarify SECURE 2.0 RMD Reforms
RMD age increases, annuities and excise tax corrections would be codified by the proposals.
IRS Finalizes 10-Year Rule
Annual required minimum distributions will be required for inherited retirement assets, come 2025, with some needing to be fully withdrawn...
SECURE 2.0 Lost and Found Proposal Faces Industry Headwinds
ERIC and SPARK argue that the DOL’s data request goes beyond the intent of the statute and may create participant...