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The Benefit of Benefits

Insights and practical perspectives on employee benefits, retirement plans, and the legal developments shaping today’s workplace.
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The Benefit of Benefits

Notice 2024-02 Extends Deadline For SECURE 2.0 Amendments And Provides Other Guidance

On December 20, 2023 the IRS gave plan sponsors an early Christmas gift of 81 pages of guidance on a...

IRS Announces 2024 Plan Limitations

On November 1, 2023, the IRS announced the inflation adjusted benefit plan limitations effective in 2024 in Notice 2023-75....

Ten Common Mistakes in 457 Plans of Tax Exempt Organizations–Part 2

Last month, in Part 1 of this blog on 10 common mistakes in 457 plans sponsored by tax exempt organizations...

Ten Common Mistakes In 457 Plans of Tax Exempt Organizations–Part 1

In May, I blogged how 457 plans are bipolar in two ways. First, Internal Revenue Code (Code) section 457 describes...

The Western Benefits Conference is Back!

I am pleased to announce I will be attending the Western Benefits Conference at the Westin Kierland in Scottsdale, AZ...

IRS Issues Interim Guidance On Eligible Inadvertent Failures But Questions Remain

On May 8, 2023, I wrote how guidance was sorely needed on SECURE 2.0’s self-correction of eligible inadvertent failures. See...

457 Plans Are Bipolar

Anyone who has ever dealt with Internal Revenue Code section 457 and the deferred compensation plans authorized by it will...

Guidance Sorely Needed On SECURE 2.0 Self-Correction Of Inadvertent Failures

On May 4, the IRS issued Notice 2023-36 inviting the public to submit recommendations for its 2023-2024 Priority Guidance Plan....

New Look for a New Firm

You may have noticed that The Benefit of Benefits Blog looks different. That is because it has been re-designed to...

No Fooling Employers Should Consider An NQDC Plan For Pre-Tax Make-Up Contributions

Several studies continue to show the importance of nonqualified deferred compensation (NQDC) plans to attract and retain executive level talent...

SECURE 2.0 Provisions Allowing Greater Access to Retirement Money

Among the many changes in the SECURE 2.0 legislation are a number of provisions allowing participants to access their retirement...

SECURE 2.0 Provisions Encouraging Employee Participation

Among the many provisions of the SECURE 2.0 legislation are a number of provisions designed to encourage employees to participate...
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