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President Biden announced his intention to end both the COVID-19 national emergency and the COVID-19 public health emergency effective May 11, 2023. The Emergency Declarations were originally declared by President Trump in 2020 and have been extended several times.
On January 30th, President Biden announced his intention to end both the COVID-19 national emergency and the COVID-19 public health emergency (together, the “Emergency Declarations”).
Last month, the IRS extended the deadline for retirement plan sponsors to adopt amendments necessary to comply with the Setting Every Community Up for Retirement Enhancement Act of 2019.
The IRS has given plan sponsors more time to adopt some – but apparently not all – retirement plan amendments reflecting law changes in the Setting Every Community Up for Retirement.