The SECURE 2.0 Act’s creation of an online searchable lost and found database at the Department of Labor (DOL) to help American workers find lost retirement savings benefits has moved one step... Read More
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SECURE 2.0
BY John Sullivan | 11/2/2023
In a recent session titled “Charting a New Course: Navigating Roth Changes in the Post-SECURE 2.0 World,” Shannon Edwards with TriStar Pension Consulting and Michelle Ueding, an employee... Read More
BY Joey Santos-Jones | 10/30/2023
Do you feel confident selling SECURE 2.0 to clients? Some attendees of the Day 3 session "Selling SECURE 2.0" at ASPPA Annual felt so-so about it.
The Oct. 24 session featured Executive Director... Read More
BY John Iekel | 10/25/2023
A new proposed fiduciary rule will be coming “very soon,” according to Assistant Secretary of Labor Lisa Gomez. She was joined by Carol Weiser, Benefits Tax Counsel at the Department of the Treasury... Read More
BY John Sullivan | 10/25/2023
Automatic enrollment provisions contained in SECURE 2.0 were the focus of an Oct. 23 presentation at the ASPPA Annual conference in National Harbor, MD.
Craig Hoffman, an Attorney/Senior... Read More
BY John Sullivan | 10/24/2023
The challenges, opportunities, and complexities surrounding high-profile SECURE 2.0 provisions were tackled in an Oct. 23 morning session at the 2023 ASPPA Annual conference in... Read More
BY Ted Godbout | 10/24/2023
To incentivize so-called micro-businesses with less than 10 employees to adopt retirement plans, a bipartisan pair of House lawmakers introduced legislation that would increase and alter the way the... Read More
BY Ted Godbout | 10/19/2023
The Department of Labor (DOL) has taken the first step in exploring ways to improve the effectiveness of retirement plan disclosures under ERISA, consistent with Section 319 of the SECURE 2.0 Act of... Read More
BY NAPA Net Staff | 9/20/2023
In our August Third Thursday, we discuss the Safer Act, which became a provision in SECURE 2.0 allowing penalty-free withdrawals from retirement plans for victims of domestic abuse. Given... Read More
BY Rebecca Hourihan | 9/14/2023
By providing plan fiduciaries with these critical updates, you can strengthen your long-standing relationships and earn new 401(k) business.
The SECURE 2.0 Act will undoubtedly have a major impact... Read More
BY John Sullivan | 8/25/2023
The Internal Revenue Service (IRS) released guidance on Friday afternoon that addressed Section 603 of the SECURE 2.0 Act concerning Roth catch-up contributions.
The guidance grants a two-year... Read More
BY Peter Tsukazaki | 8/24/2023
The aftermath of the disaster in Lahaina, Maui, continues to unfold—as of Wednesday, 115 people have lost their lives, with over 1,000 still missing.
Over 2,000 buildings were... Read More
BY NAPA Net Staff | 8/17/2023
An important part of SECURE 2.0 that should garner more attention is The Savings Access for Escaping and Rebuilding (SAFER) Act.
It allows for a Section 72(t) withdrawal, without the 10... Read More
BY Ted Godbout | 8/10/2023
The Department of Labor (DOL) has issued a Request for Information (RFI) to gather public input in relation to simplifying and consolidating retirement plan reporting and disclosure forms, as... Read More
BY Hattie Greenan | 8/2/2023
One of the provisions of SECURE 2.0 that goes into effect Jan 1, 2024, is the requirement that all catch-up contributions be Roth contributions for participants earning more than $145,000 or more per... Read More
BY Ted Godbout | 7/26/2023
Speaking July 25 at the 2023 NAPA D.C. Fly-In Forum, the Principal Deputy Assistant Secretary for the DOL’s Employee Benefits Security Administration (EBSA) shared with delegates the key priorities... Read More
BY John Sullivan | 7/26/2023
“NAPA is one of the most successful fiduciary organizations in the country,” Congresswoman Virginia Foxx, R-N.C., Chair of the House Committee on Education and the Workforce, said at the outset of... Read More
BY John Sullivan | 7/19/2023
Fifty retirement-related organizations sent a letter to the Treasury Department and specifically the IRS on Wednesday requesting “transition relief” for Section 603 under the SECURE 2.0 Act.
The... Read More
BY John Sullivan | 7/17/2023
“AI opens up tremendous opportunities for humanity, from healthcare to science to finance,” Securities and Exchange Commission Chair Gary Gensler said in a speech on Monday at the National... Read More
BY John Sullivan | 7/17/2023
New requirements included in SECURE 2.0 legislation to simplify and consolidate reporting and disclosure forms have been submitted to the Office of Management and Budget (OMB).
Appearing on the... Read More
BY John Iekel | 7/14/2023
The IRS on July 14 made multiple announcements concerning required minimum distributions (RMDs), including relief concerning RMDs and rollovers in accordance with Section 107 of SECURE 2.0. The... Read More
BY Andrew Remo | 7/3/2023
The lack of guidance to help implement a major new retirement plan design requirement contained in the new SECURE 2.0 Act is causing increased heartburn in the retirement plan stakeholder community.... Read More
BY Robert Richter | 6/27/2023
We are all painfully aware of the complexity of the tax and labor laws we work with. It is, therefore, no surprise that Congress makes drafting mistakes when amending these laws—particularly with... Read More
BY John Sullivan | 6/2/2023
The Senate Committee on Health, Education, Labor, and Pensions (HELP) sent a letter to the Labor Department (DOL) on Tuesday urging it to “effectively and expeditiously” implement SECURE 2.0. It also... Read More
BY Ted Godbout | 5/24/2023
Legislation supported by the American Retirement Association (ARA) that would allow 403(b) plans to invest in collective investment trusts (CIT) took a significant step forward in the House of... Read More
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