Nov 20, 2024 · If the plan provides for matching contributions and the employee would have been entitled to a matching contribution had the missed deferrals been made, the plan sponsor must make a corrective allocation of matching contributions on behalf of the employee in an amount equal to the matching contribution the employee would have been entitled to, adjusted to account for earnings had the missed ...

Dec 2, 2024 · 2025 may be an active year for both attorneys and plan fiduciaries working with employer-sponsored retirement plans. First, there are 401(k)-related cases already in motion that may start to be clarified by court decisions, including the raft of plan forfeiture and pension risk transfer lawsuits that hit this year.

PLANADVISER is the trusted information and solutions resource for America's retirement benefits decision makers. With its powerful array of customer-driven marketing programs, PLANADVISER offers industry providers an unparalleled ability to reach this influential audience.

Jan 16, 2025 · The Department of Labor has issued a proposed regulation aimed at clarifying the term “adequate consideration” regarding the valuation of employer stock in employee stock ownership plan transactions, as required under the Employee Retirement Income Security Act.. The proposal seeks to strengthen protections for plan participants while providing fiduciaries with clear guidance on ...

Each year PLANADVISER recognizes the top retirement plan advisers in the industry based on quantitative measures, including amount of AUA and number of plans under advisement. Advisers are highlighted if they have what was designated as a special focus in any particular plan type, if they are women ...

Nov 5, 2024 · The Elective Deferral Limit is the maximum contribution that can be made on a pre-tax basis to a 401(k) or 403(b) plan (Internal Revenue Code section 402(g)(1)). Some still refer to this as the $7,000 limit (its original setting in 1987). The Annual Benefit Limit is the maximum annual benefit that can be paid to a participant (IRC section 415). The limit applied is …

Dec 12, 2024 · Rebecca Hourihan, founder and chief marketing officer of 401(k) Marketing LLC, recently brought her wealth of plan advisory knowledge and her eye for trend-spotting to list some of the top lead-producing campaigns for advisers in 2025. In a conversation with PLANADVISER, she identified five areas advisers might be well-served to lean into in the new year.

Jan 13, 2025 · Later Friday, Treasury and the IRS issued another set of proposed regulations for the SECURE 2.0 provision that requires newly established 401(k) and 403(b) plans to automatically enroll eligible employees beginning with the 2025 plan year.. The auto-enrollment proposal requires plan sponsors, unless an employee opts out, to “automatically enroll the employee at an initial contribution rate ...

Dec 28, 2023 · Updated with Corection The Internal Revenue Service issued an 81-page question-and-answer notice related to several provisions of the SECURE 2.0 Act of 2022, that became law almost exactly a year ago. The document is titled “Miscellaneous Changes Under the SECURE 2.0 Act of 2022.”

Jan 8, 2025 · The entry window for the 2025 PLANADVISER Top Retirement Plan Advisers listing is now open. This prestigious designation recognizes the top retirement plan advisers in the industry based on quantitative measures, such as the …