Newsletter Articles
We are pleased to provide periodically published industry articles that cover topics which may affect the operation and administration of your retirement plan.
Give them a read and let us know if you have questions about how the information may apply to your situation.
Fiduciary Rule Changes
In April 2024 the Department of Labor (DOL) finalized a new definition of who qualifies as an investment advice fiduciary and what those individuals must do in order to receive a fee for providing that advice. These rules make changes that advisors need to be aware of to ensure…
IRS Releases Guidance on Automatic Enrollment under SECURE 2.0
SECURE 2.0 continues to be a hot topic as the provisions become effective and we get additional insights and guidance from the regulating agencies. Last year, we published an article looking at the new automatic enrollment procedures under the strict language of SECURE 2.0. This year, we bring an update that looks at new guidance recently released by the IRS.
What’s New In Washington: Legislative Update
Though there’s certainly nothing to rival SECURE 2.0,there are a number of retirement-related bills winding their way through Congress.
SECURE 2.0 Automatic Enrollment
SECURE 2.0 continues to be a hot topic as the provisions become effective and we get additional insights and guidance from the regulating agencies. Our focus on SECURE 2.0 continues with a look at SECURE 2.0’s automatic enrollment provisions.
House Introduces Roth Rollover Bill
News You Can Use for Advisors and CPAs! — Hopeful news for clients who want to provide more rollover options to employees or utilize auto-portability services—a new bipartisan bill introduced in the House, H.R. 6757, would permit employees to rollover money directly from Roth IRAs to a Roth account in an employer-sponsored plan.
Solo 401(k) Plans and the Long-Term, Part-Time Employee Rules
News You Can Use for Advisors and CPAs! — Last month’s article looked at the new long-term part-time employee (LTPTE) rules and the IRS’s proposed regulations released in late November. This month’s article looks at the impact of those LTPTE rules on owner-only (“Solo 401(k)”) plans.
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