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SECURE 2.0 Changes to Government Programs

SECURE 2.0 Changes to Government Programs
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Diving Into SECURE 2.0: New DOL Lost and Found, Updates to EPCRS, and Delayed Implementation of Roth Catch-up Requirement | Foley & Lardner LLP

The SECURE 2.0 Act of 2022 (SECURE 2.0) significantly changes the legal and administrative compliance landscape for U.S. retirement plans. Foley & Lardner LLP is authoring a series of. ....

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401(k) Compliance Check #12: Don't Borrow Trouble – Correcting Retirement Plan Loan Errors | Foley & Lardner LLP

In last month’s 401(k) Compliance Check, we discussed the importance of developing (and maintaining) best practices for handling beneficiary designations. This month, we discuss one of. ....

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401K Plan Administrators Run Into Retirement Plan Loan Errors

The IRS’s Employee Plans Compliance Resolution System EPCRS correction program offers plan sponsors means to correct various operational errors, including plan loan errors. Before 2019, plan loan failures had to be corrected using the EPCRSs voluntary compliance program VCP. ....

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