Legislation Insights

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SECURE Act Update: Long-Term, Part-Time Overview for 2024

Effective on January 1, 401(k) plans must allow employees who have worked more than 500 hours of service in three consecutive 12-month periods to contribute elective deferrals to the plan.
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IRS Provides Two-Year Delay in Roth Catch-Up Requirements

The Internal Revenue Service (IRS) has granted a two-year delay in the Roth catch-up requirements. This decision brings relief to retirement plan participants and sponsors who were facing looming compliance deadlines. Let's delve into the details of this breaking news.
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SECURE Act 2.0: What 401(k) Managers Need to Know for 2024

SECURE Act 2.0 Long-term, part-time employees become eligible to participate in the 401(k) plan. Catch-up contributions are required to be Roth if the participant earns more than $145,000 in W-2 compensation.

Webinar: SECURE Act 2.0: What Plan Sponsors Need to Know (and Do)

Join Greenspring Advisors as we host Mary Grason, Owner; Pollard & Associates, and Adrienne Robertson, Head of Regulatory and Fiduciary Services; Transamerica, on a topical discussion regarding the newly legislated Secure Act 2.0.

BREAKING: President Biden’s Student Loan Relief Plan

As you have probably heard, President Biden last week announced his long-awaited student loan relief plan, with the headline being $10,000 in student debt cancellation for certain borrowers.

Webinar: Legal and Regulatory Update for Plan Sponsors

Senate Control May Fuel Retirement Policy Moves

Throughout the presidential campaign, we heard several proposals pertain to retirement and retirement plans that President Biden is likely to pursue now that he’s taken office.

2021 IRS Cost of Living Adjustments Affecting Retirement Plan Contributions

Late last month, the IRS announced the cost-of-living adjustments affecting dollar limitations for defined contribution and defined benefit retirement plans for tax year 2021.

Five Plausible Reasons Why the Stock Market Keeps Climbing

Why does the stock market keep going up despite the awful economy? This is by far the most common question we are hearing from clients right now.