The SEC has taken enforcement actions against employers for language in their employment agreements that did not provide whistleblower protections. GQG Partners, a Florida based investment adviser was fined $500,000.
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We share expert insights on executive compensation, retirement plans, fiduciary duties, and more.
Stay updated on the latest legal trends and practical advice for employers and executives.
SECURE 2.0 allows non-highly compensated employees to contribute to emergency savings accounts. The IRS and the Department of Labor have now issued guidance clarifying the rules.
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Most new plans will be required to have auto-enrollment and auto-escalation beginning in 2025. The “grab bag” guidance in Notice 2024-02 addresses how this requirement will be applied to mergers and spinoffs, but leaves other basic questions unanswered.
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Clarification of the rules for electing Roth employer contributions should spur more plan sponsors and vendors to consider allowing them.
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In this Op-ed for Bloomberg Tax, Carol Buckmann comments on the implications of this welcome delay in this new requirement applying to high earners.
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A short provision of SECURE 2.0 raises a long list of compliance questions. Here are some of them.
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SECURE 2.0’s general changes apply to 403(b) plans, MEPs and ESOPs. However, there are also specific provisions targeted at these specialized plans and intended to solve their unique problems.
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SECURE 2.0 gives plan sponsors new tools to help participants with emergency needs and student debt.
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Several provisions of SECURE 2.0 ease penalties for IRA violations and provide new options for employers sponsoring SIMPLE-IRAs and SEPs.
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SECURE 2.0 doesn’t impact only 401(k) and other defined contribution plans. Here are the big changes that affect defined benefit plans.
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Ben Josselsohn writes about how SECURE ACT 2.0 may increase plan participation and retirement savings.
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SECURE 2.0 takes aim at the retirement savings gap and contains major changes affecting all types of plans. Some of them are effective in 2023. Here are some key takeaways.
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A Recent SEC Risk Alert describes financial firms’ complacency regarding identity theft prevention programs under the Red Flag Rule. Attention Registered Investment Advisers and Broker-Dealers.
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The IRS has extended the deadline for finalizing qualified plan amendments, although plan sponsors might want to amend their plans sooner rather than later. Attorney Ben Josselsohn explains why.
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Pooled Employer Plans (PEPs) are a new way for employers to outsource their fiduciary responsibility to a team of professionals.
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