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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

SECURE 2.0 Provisions Encouraging Employers to Adopt A Plan

Among the many changes to retirement plans made by the SECURE 2.0 legislation are changes meant to encourage more employers...

SECURE 2.0 Requires Auto-Enrollment, Auto-Escalation For Most New Plans

A provision of the SECURE 2.0 legislation will affect an employer’s decision as to whether to adopt a 401(k) plan...

SECURE 2.0 Changes Specific to Plans of Tax-Exempt Organizations

Of the over 90 provisions contained in the SECURE 2.0 legislation is a handful that only apply to retirement plans...

SECURE 2.0 Is Too Big For One Post

By now you probably know that the $1.7 billion Budget Reconciliation Act of 2023 (Act) that kept the Federal government...

Recent Complaint Emphasizes Sponsor’s Need To Monitor Recordkeeping Fees

An ERISA class action suit recently filed in the United States District Court for the District of Arizona maintains the...

Study Shows The Need For Nonqualified Plans To Attract And Retain Talent

A new survey conducted by Newport Group and PLANSPONSOR shows a dramatic increase in the use of nonqualified deferred compensation...

Tax Exempt Organizations Must Amend 457(b) Plans By December 31 For Increased RMD Age

The deadlines for amending many retirement plans for recent changes in the law under the CARES Act and SECURE Act...

Mental Health Matters Act Would Increase ERISA Litigation By Changing Administrator Discretion and Arbitration Provisions

On September 29, the House of Representatives passed the Mental Health Matters Act (Act) which included the provisions of another...

Inflation Reduction Act Means Employers Should Review Benefits Plans Now For Compliance

There has been much press coverage on how the Inflation Reduction Act provides billions in funding for IRS enforcement. Some...

CalSavers Threshold Number of Employees to Drop to One

On August 26, 2022, Governor Newsome signed legislation that amends the statute governing CalSavers, California’s mandatory payroll reduction IRA savings...

Notice 2022-33 Does Not Extend Deadline For Adopting Amendments to Plans for All CARES Act Provisions: Loan and In-Service Withdrawal Provisions Excluded

On August 3, 2022, the IRS issued Notice 2022-33 which extended the deadline for Employers to adopt certain amendments to...

Fidelity’s Bitcoin Policy Questioned Directly By Senators

On July 26, Democratic Senators Dick Durbin, Elizabeth Warren, and Tina Smith sent a letter to Fidelity Investments CEO, Abigail...
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