Legislative Updates

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Get the latest updates on legislation that could impact you or your employees.

The above section includes articles focused on SECURE Act 2.0 including Increase in the dollar limit for the involuntary cash-out of participant accounts (Section 304), Penalty-free Emergency Withdrawals (Section 115), Emergency Savings Accounts (Section 127) , Self-certification for Hardship Distributions (Section 312), Employees Earning over $145,000 May Only Make Catch-up Contributions on a Roth basis (Section 603), and Financial Incentives for Participation (Section 113). 

The above section includes articles covering 2023 Retirement Plan Contribution Limits and Testing Thresholds, SECURE 2.0, DOL Final ESG Rule, Cryptocurrency Investments in 401(k) Retirement Plans, Cybersecurity Best Practices and IRS Extends Plan Amendment Deadlines. 

The above section includes articles covering Federal Student Loan Payment Suspension, Proposed RMD Regulations, and In-Plan Income (lifetime income).

The above section includes articles covering DOL announced a temporary enforcement policy on prohibited transaction rules applicable to investment advice fiduciaries, DOL releases informational copies of 2021 Form 5500, IRS provides guidance for employers seeking to rehire retirees or retain employees after retirement age, IRS revises procedures for interim amendments and pre-approved 403(b) plans, and Proposals to Watch/Stay Tuned including the proposed rule: "Prudence and Loyalty in Selecting Plan Investments and Excercising Shareholder Rights".

The above section includes articles covering Missing Participants, Rollover rules for qualified plan loan offset amounts, Lifetime income illustrations, Cybersecurity, ESG investments and proxy voting by employee benefit plans, and Guidance on prohibited transaction exemption PTE 2020-02 and temporary non-enforcement policy. 

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RO 2990420 - (07/2023)