Statute
Secure 2.0
34 published works
Cohen & Buckmann Insights
The Do’s and Don’ts for Setting Up Emergency Savings Accounts
By Terry Moore
Pension-linked emergency savings accounts (PLESAs) were established under SECURE 2.0, effective for plan years beginning after December 31, 2023, to help non-highly compensated employees save for emergencies. An employer with…
Benefits Law Update
SECURE 2.0 Provisions with 2024 Implementation Dates
This post summarizes provisions of SECURE 2.0 that retirement plans may need or want to implement for 2024. While no amendments are required for plans heading into 2024, plan operations…
Beneficially Yours
Coffee Talk With Benefits Episode 17: Long-Term Part-Time Employee Guidance
By Richard G. Schwartz, Sarah Touzalin, Diane Dygert
On November 24, 2023, the IRS issued highly anticipated proposed regulations concerning the provisions under SECURE and SECURE 2.0, requiring 401(k) plans to expand deferral eligibility for long-term part-time employees.…
Davis+Gilbert PERKS
IRS Expands Disaster Relief and Retirement Plan Distribution Options
As hurricane season and natural disasters ramp up, the IRS continues to roll out tax relief for affected victims and to confirm disaster relief available to retirement plan participants. Employers…
Benefits Law Advisor
The Good, the Bad and the Ugly in Secure 2.0: A Primer for Retail Employees
By Craig A. Day
Attracting and retaining the right people is a critical issue for many retailers, and the 2022 federal retirement plan reform (SECURE 2.0) can help. SECURE 2.0 requires employers to enroll…
Davis+Gilbert PERKS
IRS Issues SECURE 2.0 Transition Relief for RMD Rules
Many employers continue to have questions relating to new retirement plan legislation known as SECURE 2.0. Most urgently, retirement plan administrators are anxiously awaiting IRS guidance relating to new catch-up…
Davis+Gilbert PERKS
IRS Expands Self‑Correction Options for Retirement Plans
The IRS issued guidance with helpful information for employers sponsoring 401(k) plans, and other retirement plans, by making it easier for employers to correct certain kinds of administrative errors involving…
Cohen & Buckmann Insights
The New Roth Catch-up Requirement Needs Clarification-What Are Plan Sponsors to Do?
Beginning in 2024, SECURE 2.0 significantly changes the rules for catch-up contributions. Section 603 of SECURE 2.0 requires plans that permit catch-up contributions to accept catch-up contributions from participants who…
The Benefit of Benefits
SECURE 2.0 Provisions Allowing Greater Access to Retirement Money
By Scott E. Galbreath, J.D., LL.M (Tax)
Among the many changes in the SECURE 2.0 legislation are a number of provisions allowing participants to access their retirement funds without incurring a penalty excise tax. These provisions are…
Cohen & Buckmann Insights
Special Rules for Special Plans-How SECURE 2.0 Impacts 403(b) Plans, MEPs and ESOPs
The reach of SECURE 2.0 is extensive. Its general provisions affect all types of retirement plans, but SECURE 2.0 also has some provisions targeted at plans subject to their own…