IRS Clarifies SECURE 2.0 W-2 Changes
Roth contributions, natural disasters and de minimis incentives could require tax reporting changes.
Tag: SECURE 2.0
Adviser Opportunities
Vestwell’s Kevin Gaston offers an analysis of legislative changes, emerging challenges and strategic financial opportunities.
Industry Players Not Concerned About PLESA Match Abuse
The Chamber of Commerce commented to the IRS that their members are not worried about participants contributing to PLESAs solely...
DOL Extends Time for SECURE 2.0 Reporting, Disclosure Comments
The DOL’s EBSA will take public comments for an additional 30 days.
Key SECURE 2.0 Provisions to Look Out for Right Now
Experts shared the provisions of the SECURE 2.0 Act of 2022 that are generating the most buzz in a PLANADVISER...
Record Number of Participants Raised Deferral Rate in 2023, Vanguard Reports
On the other side of the equation, plan loans were up 12% year-over-year, and hardship withdrawals increased modestly.
House Approves Measure to Allow CIT Use in 403(b) Plans
The amendment is a first step in meeting industry calls to extend the lower-cost investment vehicle beyond 401(k) plans.
Industry Asks IRS to Limit Automatic Features in Merged Plans
Specifically, commenters request that single-employer plans not required to have automatic features, should retain that status when joining a MEP...
Past Proposals to Tax Qualified Retirement Plans Have Never Gotten Far
Industry has always organized to defeat even marginal changes to the tax-preferred status of DC plans.
EBRI Finds Small Businesses Don’t Know About Start-Up Credits
The research institute also found that some businesses would consider ending their plan and joining a state-run auto-IRA program if...
Advisers Hardly Ever Recommend Active TDFs to Retirement Plans, Research Shows
A report from Cerulli also found that student loan matching and Roth matching are among the most recommended SECURE 2.0...
Commenters Request Eased Enforcement on SECURE 2.0 Part-Time Eligibility
Many stakeholders expressed concern with the administrative hassle of tracking the service of long-term, part-time employees and said compliance would...
PLESAs Are Important Coverage Expanders, SECURE 2.0 Co-Author Argues
A former senior Senate staffer spoke at the EBRI-Milken Retirement Symposium about how pension-linked emergency savings accounts can greatly encourage...
5 Retirement Industry Trends to Follow This Year
An expert from Pentegra talks about developments shaping the retirement landscape, and what advisers may want to do about them.
SECURE 2.0’s Auto Enrollment, Savers Match Will Bring Most Positive Impact
Research from EBRI forecasts the two features will do more for retirement savings than other provisions.
DOL Proposes Rule on Auto-Portability
The proposal would permit providers to charge fees for auto-portability services.
DOL Brings Clarity to Newly Available Emergency Savings Accounts
The FAQ guidance builds on earlier IRS directives, with a focus on investments and fee structures.
Advisers Prioritizing Roth Provisions From SECURE 2.0
According to Escalent research, advisers are more likely to focus on immediate or traditional plan provisions with sponsors.
IRS Addresses Emergency Savings Accounts, Calls for Comment
The notice calls for stakeholders to recommend appropriate enforcement actions to prevent the gaming of employer matches on ESAs.