Viewpoints about IRS
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The RMD evolution: understanding the 2024 required minimum distribution regulations
The IRS’s final 2024 RMD regulations are out. Get a quick summary from our ERISA specialists.
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What the annual 2024 IRS limits mean for your retirement plan
See how much the IRS says you can contribute to retirement plans in 2024.
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What’s new for the 2023 IRS Form 5500?
The DOL has made some significant revisions to the 2023 IRS Form 5500. Find out what’s changed to help you gather the appropriate data and keep your retirement plan compliant.
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Proposed regulations on the use of forfeitures in qualified retirement plans and four best practices
Get clarification on timing and usage of forfeitures in defined contribution plans in light of the IRS’ proposed regulations on the “Use of Forfeitures in Qualified Retirement Plans."
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IRS issues guidance on SECURE 2.0 EPCRS self-correction program expansion
The IRS has expanded the list of plan errors that qualify for its EPCRS self-correction program, as directed by the SECURE 2.0 Act. Find out what they are.
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IRS contribution limits for 2023—helping you save more in your 401(k)
These days, inflation is probably a consideration when trying to anticipate your income needs in retirement. Fortunately, you’ll be able to save more in your retirement accounts in 2023 than ever before, helping you meet your retirement savings goals.
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What happens when there’s a mistake in your 401(k) plan? Overview of the IRS correction program
Correcting plan errors as soon as they’re discovered can help avoid costly sanctions and negative tax consequences. Learn about the IRS correction program and key steps for fixing plan errors.
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Five things you should know about the IRS’s latest 401(k) plan restatement cycle for preapproved plans
Learn about the 401(k) plan restatement process and the document options that are available to plan sponsors.
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IRS relaxes rules for obtaining spousal consent for 2020
IRS Notice 2020-42 creates a remote notarization process for retirement plan transactions that require spousal consent. This helps solve problems related to social distancing and COVID-19.
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The IRS has extended retirement plan deadlines—what plan sponsors need to know
Retirement plan sponsors will be relieved that the deadlines for many retirement plan actions were recently extended to July 15, 2020, by the IRS. We’ll explain some key actions affected by this extension and how they may apply to your plan.
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