SECURE 2.0 Archives - Word on Benefits

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

Amanda Wilke, CEBS

12 Feb 202512 Feb 2025

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 […]

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

Amanda Wilke, CEBS

05 Feb 202505 Feb 2025

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 […]

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Education Support Using Employee Benefits

Jonas Leyrer, CEBS

28 Jan 202528 Jan 2025

As education continues to be a major component of careers and professional development, the government has carved out many ways for employers to help support employees with education assistance programs. Currently, there are three sections of the tax code that are commonly […]

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Hardship Distributions: Five Questions for Plan Sponsors

Kathy Bergstrom, CEBS

27 Dec 202427 Dec 2024

It’s become easier for plan participants to take distributions from their defined contribution (DC) retirement plan account balances, but plan sponsors still have a fiduciary duty to ensure that the need for these distributions is real. In the November/December issue of Benefits […]

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SECURE 2.0 Act: What’s Coming in 2025?

Amanda Wilke, CEBS

19 Nov 202419 Nov 2024

The SECURE 2.0 Act of 2022 (SECURE 2.0) encompasses several changes affecting retirement plans that go into effect over the next few years. SECURE 2.0 aims to make it easier for employers to offer retirement plans and help employees plan for the […]

401(k) Plans Employee Benefits SECURE 2.0 U.S.

IRS Guidance on Qualified Student Loan Payment (QSLP) Match Programs

Jenny Gartman, CEBS

11 Sep 202423 Sep 2024

Section 110 of the SECURE 2.0 Act of 2022 allows employers to make matching contributions toward employees’ qualified student loan payments (QSLPs) to 401(k) plans, 403(b) plans and governmental 457(b) plans (and SIMPLE IRAs plans not summarized in this blog). Internal Revenue […]

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Three DOL Developments for Retirement Plan Sponsors

Jenny Gartman, CEBS

09 Jul 202409 Jul 2024

So far in 2024, the Department of Labor (DOL) has released proposals for plan administrators to populate a missing participant database and automatic portability of retirement plan accruals when employees change jobs. The DOL also finalized a retirement security rule package and […]

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Missing Participants: Help From SECURE 2.0 and the Latest Best Practices

Guest Contributor

27 Feb 202428 Feb 2024

Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analyses on the latest benefit trends and compliance issues. Foundation members can visit ifebp.org/benefitsmagazine to view the full bimonthly print edition of the […]

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Can Emergency Withdrawals Replace Emergency Savings?

Jonas Leyrer, CEBS

07 Dec 202307 Dec 2023

One of the first pieces of advice every personal finance guru will give you is “build up your emergency savings.” The advice has become as ubiquitous as it is effective. An emergency savings account (usually set at 3-6 months of a person’s […]

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Matching Contributions for Qualified Student Loan Payments Under SECURE Act 2.0

Jenny Gartman, CEBS

31 Aug 202331 Aug 2023

With the federal student loan debt relief plan ruled unconstitutional by the Supreme Court, more employers are expected to consider offering student loan repayment benefits (covered in Part 1) or retirement plan matching under the SECURE Act 2.0 of 2022. The optional […]