Plan Sponsors Can Self-Correct Some Violations of ERISA—Here’s Where to Start 

Jenny Gartman, CEBS
 

The Voluntary Fiduciary Correction Program (VFCP) encourages employers and plan sponsors to voluntarily correct certain violations of the Employee Retirement Income Security Act (ERISA). For certain categories of eligible transactions, the Department of Labor (DOL) Employee Benefits Security Administration (EBSA) intends for […]

SECURE 2.0 Update: IRS Issues Proposed Rules for Qualified Retirement Plans (Part Two)—Automatic Enrollment

Amanda Wilke, CEBS
 

On Friday, January 10, 2025, the Department of the Treasury and the Internal Revenue Service (IRS) issued proposed rules for several provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0). Part One of the blog series covered catch-up contributions. This blog […]

SECURE 2.0 Update: IRS Issues Proposed Rules for Qualified Retirement Plans (Part One)—Catch-Up Contributions

Amanda Wilke, CEBS
 

On Friday, January 10, 2025, the Department of the Treasury and the Internal Revenue Service (IRS) issued guidance for several provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0). This blog will primarily focus on the proposed rule for qualified retirement […]

What Public Pension Plans Need to Know About the Social Security Fairness Act

Jenny Gartman, CEBS
 

Signed into law on January 5, 2025, the Social Security Fairness Act (SSFA) (HR 82) repeals two provisions that reduce Social Security benefits for some individuals who receive other benefits, such as certain state or local government pension benefits. The Social Security […]