"The National Strategy for Financial Inclusion" report leans heavily on the Treasury working to implement SECURE 2.0 provisions, such as Saver's Match, emergency savings programs and auto-enrollment.
New research findings raise an important question for employers: Are your retirement plans truly supporting your employees, or are they costing them more than they should?
In August, the IRS provided student loan match guidance, however, the ERISA Industry Committee requests "reasonable procedures" plan sponsors can establish for employees to claim the match.
There's a proposal to cap the tax-free amount available for health care expenditures, including amounts paid by both an employer and an employee, according to the Republican Study Committee's budget proposal.
The IRS and the Treasury issued a new notice that addresses long-term, part-time employees' eligiblity in 403(b) retirement plans beginning in 2025, including rules to exclude student employees.
The American Retirement Association is urging the IRS to delay implementation of the proposed required minimum distributions rules under SECURE 2.0 by 18 months.